Prudential Risk

Conduct, Culture & Accountability

CBA to Pay Penalty for Increasing Problem Gambler’s Credit Limit

By Editors | 01/11/2020

ASIC launched civil proceedings against CBA in March alleging that the bank failed to take account of a notification by a customer that he was a problem gambler.

Credit Risk

Singapore Lenders Launch New Debt Restructuring Scheme for SMEs

By Manesh Samtani | 01/11/2020

The scheme will facilitate a common approach to SME debt restructuring among 16 participating lenders. A separate scheme has been launched for sole proprietors and partnerships.

Reporting & Disclosures

ESG Risk Disclosure Standards Would Support Bank Stress Tests – Fitch

By ESG Investor | 01/11/2020

Ratings agency puts case for integration of ESG risks into financial reporting using “common set of internationally comparable metrics”.

Emerging Prudential Risks

HKMA Consults on Amendments to D-SIB Framework

By Editors | 30/10/2020

The amendments are aimed at improving the assessment of banks’ complexity in the D-SIB identification process, and reducing the weight of the size factor, among other changes.

Credit Risk

BSP to Stimulate SME Lending with New Credit Risk Database

By Sanday Chongo Kabange | 28/10/2020

The database will use financial statements and loan default information held by financial institutions to generate credit scores and better estimate default risk.

Market Risk

PBOC Instructs Yuan Fixing Banks to Suspend Counter-cyclical Factor

By Editors | 28/10/2020

The counter-cyclical factor is the adjustment contributing banks make to the daily trade-weighted reference rate that the PBOC has to date used dampen depreciation pressure.

Credit Risk

APRA Updates Standard for Reporting Credit Exposures, Provisions

By Editors | 28/10/2020

The draft ARS 220.0 is intended to align with the updated Prudential Standard APS 220 Credit Risk Management, which will come into effect from 1 January 2022.

Credit Risk

HKMA Chief Hints at New Data Platform to Facilitate SME Lending

By Manesh Samtani | 27/10/2020

Banks can more precisely and objectively assess SME credit risk with access to more data, such as trading and turnover statistics, says HKMA chief Eddie Yue.

Emerging Prudential Risks

PBOC Issues Draft Law Aimed at Modernising Central Bank System

By Sanday Chongo Kabange | 27/10/2020

The draft law expands the PBOC’s role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.