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Credit Risk
Philippine Senate Passes Bill to Establish ‘Bad Bank’ Framework
By Editors | 15/11/2020
The bill was fast-tracked amid fears that loan defaults could burden lenders and hamper their ability to provide credit to businesses and consumers.
Credit Risk
AMAC Issues Draft Guidelines for Funds on Valuing Financial Instruments
By Editors | 15/11/2020
Publicly-offered securities investment funds will have to calculate impairment of financial instruments based on expected credit losses.
Operational Risk
SEBI to Expand Risk Management Committee’s Role at Listed Entities
By Editors | 15/11/2020
The requirement to constitute a risk management committee will be expanded to more companies and its role expanded to include ESG risks.
Operational Risk
US Agencies Urge Banks Forward on LIBOR Transition
By Sanday Chongo Kabange | 15/11/2020
The Fed, OCC and FDIC have asked banks to move away from LIBOR ‘without delay’, accelerate customer outreach, and prepare their systems for the transition.
Capital Adequacy
Pandemic Was ‘First Major Global Test’ of Post-Crisis Reforms: FSB
By Editors | 15/11/2020
The pandemic raised questions of whether the flexibility provided in the Basel framework is actually used by FIs, for example in the case of bank capital and liquidity buffers.
Conduct, Culture & Accountability
APRA Updates Draft Prudential Standard on Remuneration
By Editors | 12/11/2020
The prudential standard is expected to come into effect for significant banks in January 2023 and for significant insurers and superannuation entities in July 2023.
Capital Adequacy
FSB Publishes 2020 List of Global Systemically Important Banks
By Editors | 11/11/2020
JP Morgan and China Construction Bank were raised to a higher bucket; Goldman Sachs and Wells Fargo were moved to a lower bucket.
Capital Adequacy
RBNZ Defers Start Date for Higher Bank Capital to June 2022
By Sanday Chongo Kabange | 11/11/2020
The RBNZ will also consult on re-instating LVR restrictions, maintain dividend restrictions for banks, and launch a new facility to provide cheap funding for banks.
Credit Risk
Loan Loss Expectations Prompt Need for Collateral Visibility
By Editors | 11/11/2020
Collateral is one of the more underutilised credit risk mitigation tools available to banks, and likely to become more important as loan losses mount in the year ahead.
Emerging Prudential Risks
BOJ Offers Interest Incentive for Regional Banks to Merge
By Editors | 10/11/2020
Regional banks can earn the interest rate by meeting certain overhead reduction targets or by agreeing to a merger with another bank.
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