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Emerging Prudential Risks
G20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts
By Manesh Samtani | 14/10/2020
The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.
Credit Risk
Almost Half of Deferred Loans Resume Repayments: ABA
By Editors | 14/10/2020
The ABA says 45% of deferred mortgages and 41% of small and medium business loans that had been deferred are back to making regular loan repayments.
Capital Adequacy
ASX Proposes Single Capital Measure for Clearing Participants
By Editors | 14/10/2020
Currently when a participant lends money to its parent or related entity, or invests in subsidiaries, Liquid Capital could be potentially much lower while Core Capital is not impacted.
Emerging Prudential Risks
FSB Issues Update on Work to Address Market Fragmentation
By Editors | 14/10/2020
The rapid and coordinated policy response to Covid-19 has underlined policymakers’ awareness of harmful effects of market fragmentation, the FSB says.
Emerging Prudential Risks
FSB Publishes Letter to G20 Ahead of Virtual Meeting
By Manesh Samtani | 14/10/2020
The letter describes the FSB’s work to address issues of financial innovation and technology, promote a resilient and integrated global financial system, and address market fragmentation.
Credit Risk
FSC to Tighten Loan Rules, Banks Grow Risk Averse
By Editors | 13/10/2020
Chairman Eun Sung-soo said the FSC could impose regulatory measures to curb rising household debt. Meanwhile, banks have indicated a growing aversion to household lending.
Stablecoins
FSB Issues Final Recommendations on Regulating Global Stablecoins
By Editors | 13/10/2020
Global stablecoin arrangements are expected to adhere to all applicable regulatory standards and address risks to financial stability before commencing operation, the FSB says.
Operational Risk
BSP Amends Operational Risk Guidelines to Include ‘People Risk’
By Sanday Chongo Kabange | 13/10/2020
The BSP wants banks and NBFIs to embed in their ERM framework measures to identify, measure, monitor, and control human resource related risks.
Emerging Prudential Risks
APRA to Align Prudential Standards with IAIS ComFrame
By Editors | 13/10/2020
APRA has designated QBE Insurance Group as an internationally active insurance group, which will promote coordination with other international supervisors.
Resolution & Recovery
Sri Lanka Drafts Resolution Framework for Banks, Finance Companies
By Duruthu E Chandrasekera | 12/10/2020
The CBSL will have the ability to replace an institution’s management, operate an agent institution and bail out an institution where necessary.
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