Prudential Risk

Capital Adequacy

PBOC Issues Draft Rules ‘Fully Revising’ Commercial Bank Law

By Editors | 18/10/2020

The revisions will enhance governance, improve board and senior management accountability, strengthen capital and risk management requirements, and raise penalties for violations.

Emerging Prudential Risks

PBOC Rules for Conglomerates to Limit Systemic Risk: Fitch

By Editors | 18/10/2020

Fitch Ratings says the new regulations for conglomerates with interests in financial services will help contain systemic risks by limiting irregular financial activities and misconduct.

Credit Risk

SEBI Issues Series of Risk-Reducing Measures for Debt Funds

By Sanday Chongo Kabange | 18/10/2020

The reforms include a new code of conduct, new responsibilities for debenture trustees, new fund labeling requirements, and restrictions on inter-scheme transfers, among others.

Credit Risk

Cambodia Set To Launch Covid-19 Credit Guarantee Scheme

By Sanday Chongo Kabange | 18/10/2020

A USD 200 million credit guarantee scheme is expected to launch in late October or November, providing a risk-sharing facility for banks to lend to businesses.

AI Risk & Governance

MAS’ Use of Tech to Enhance Regulatory, Supervisory Functions

By Manesh Samtani | 17/10/2020

A recent FSB report offered case studies of how regtech and suptech are being deployed by regulators, including several examples from MAS.

Emerging Prudential Risks

New Corporate Restructuring Fund Kicks Off in Korea, FSC Says

By Editors | 16/10/2020

The fund is expected to serve as a stepping stone for the establishment of a more vibrant corporate restructuring ecosystem, the FSC said.

Payments & Settlements

PBOC to Establish Consumer Protection Fund for Payments

By Editors | 15/10/2020

The new regulations are aimed at establishing a long-term mechanism for resolving and disposing of risks at non-bank payment institutions, the PBOC said.

Payments & Settlements

About Half of Global FX Market Exposed to Settlement Risk

By Margaret Law | 15/10/2020

Without immediate action, FX settlement risk will continue to accumulate and introduce vulnerabilities into the global financial system, says Margaret Law at CLS.

Trading & Investment

Australian Regulators Urge Adherence to ISDA IBOR Fallbacks

By Editors | 14/10/2020

The ISDA IBOR fallbacks protocol and supplement were informed by extensive consultation with industry, including in Australia.