Prudential Risk

Market Abuse

CSRC Investigates SOE and Auditor Over Bond Default

By Manesh Samtani | 03/12/2020

SOE defaults could pave the way for increased transparency, faster resolutions and more predictable outcomes for investors in the long run.

Credit Risk

MAS Urges Underwriting Prudence as Credit Risks Rise

By Manesh Samtani | 03/12/2020

Banks should maintain prudent credit underwriting standards and continue to actively manage foreign currency risks, MAS says in its financial stability review.

Emerging Prudential Risks

Pandemic Cited as Top Financial Stability Risk for 2021: DTCC

By Editors | 03/12/2020

The Covid-19 pandemic ranks as the greatest threat to global financial stability in 2021, according to a new survey published by DTCC.

Credit Risk

BNM Provides Details on New Financing Facilities for SMEs

By Editors | 03/12/2020

The budget initiatives included a targeted facility for SME working capital, credit for micro enterprises, and support for high-tech SMEs.

Operational Risk

Westpac Commits to Addressing Risk Governance Weaknesses

By Editors | 03/12/2020

The court enforceable undertaking requires Westpac to develop an integrated plan to address all major risk governance issues, covering both financial and non-financial risks.

Emerging Prudential Risks

China Crackdown Brings Number of Active P2P Lenders to Zero

By Sanday Chongo Kabange | 02/12/2020

Chinese media reports that the number of P2P lenders has now fallen to zero, down from a peak of almost 6,000 such firms in 2017.

Capital Adequacy

RBNZ Consults on Insurance Act, Solvency Standards

By Sanday Chongo Kabange | 02/12/2020

The consultations form part of a multi-year review to ensure the existing frameworks remain effective and promote public trust in the insurance sector.

Supervision & Enforcement

HKMA Consults on Revised SPM on Group-wide Bank Supervision

By Editors | 02/12/2020

The revised SPM accounts for holding companies established overseas and intermediate holding companies, including those that are unregulated or engaged in non-financial activities.

Operational Risk

MAS Revises Anti-commingling Framework For Banks

By Manesh Samtani | 02/12/2020

MAS has prescribed a list of permissible non-financial businesses to ensure banks are not engaging in “high-risk non-financial business that do not bring strategic value to its core banking business”.