Prudential Risk

Credit Risk

Singapore Banks Get New Best Practice Code for Commodity Financing

By Editors | 01/12/2020

The Code was developed by an industry working group of 28 commodity financing banks in consultation with trading firms and with the support of regulators.

Trading & Investment

China: Banks Suspend Opening of Precious Metals Trading Accounts

By Editors | 30/11/2020

Seven banks have temporarily stopped opening new accounts for precious metals trading amid concerns that heightened volatility could lead to losses and complaints.

Capital Adequacy

BCBS Oversight Body Closes Off Basel III Policy Agenda

By Editors | 30/11/2020

A coordinated approach to mitigating Covid-19 risks will be adopted. Capital and liquidity buffer drawdowns are encouraged. Future adjustments to Basel III will be limited.

PEPs & Sanctions

North Korea Executes Currency Trader in FX Crackdown: Report

By Editors | 30/11/2020

North Korea is tightening controls over its economy and the use of foreign currency, amid a near 20% appreciation of the won over the US dollar in recent months.

Conduct, Culture & Accountability

Australia Gets New Guidance for Internal Auditors in Financial Services

By Editors | 29/11/2020

The Better Practice Guide was developed by industry practitioners with APRA and ASIC serving as vocal observers and EY and KPMG providing secretariat support.

Liquidity Risk

BSP Issues Draft Rules for Islamic Bank Liquidity Management

By Editors | 29/11/2020

Due to the limited availability of liquidity management instruments which are appropriate for Islamic banks and banking units, the BSP will adopt a flexible approach to compliance.

Credit Risk

RBNZ to Re-instate Mortgage Lending Restrictions Early

By Editors | 29/11/2020

The RBNZ intends to re-impose LVR restrictions on high-risk lending with effect from 1 March 2021 – two months earlier than originally anticipated.

Structural Regulation

Philippine Central Bank Introduces Digital Banking Framework

By Editors | 27/11/2020

Foreign individuals and non-bank corporations are allowed to hold up to 40% of a digital bank’s voting shares, while foreign banks are allowed to hold up to 100%.

Resolution & Recovery

Indian Government Green-lights DBS Rescue of Lakshmi Vilas Bank

By Editors | 26/11/2020

All 563 branches of Lakshmi Vilas Bank will function as branches of DBS Bank India from Friday, bringing security to 400 employees and 2 million depositors.