Prudential Risk

Capital Adequacy

Korean Financial Groups to Start Publishing Integrated Disclosures

By Editors | 16/09/2020

Samsung, Mirae Asset, Hanwha, Hyundai Motor, Kyobo and DB will start publishing group-wide integrated disclosures from end-September.

Operational Risk

US Regulators to Reprimand Citigroup Over Risk Management

By Editors | 16/09/2020

The Federal Reserve and OCC are expected to require Citigroup to develop and execute a plan to improve its risk management systems.

Emerging Prudential Risks

Cross-border Real Estate Investors Raise APAC Financial Stability Risk

By Manesh Samtani | 16/09/2020

Global investors amplify volatility in commercial real estate markets, a phenomenon that has been pronounced during the Covid-19 shock, the BIS says.

Credit Risk

RBI Orders Banks to Automate Asset Classification, Provisioning

By Editors | 16/09/2020

The RBI has given banks until 30 June 2021 to upgrade their systems to automate all asset classification, provisioning calculation and income recognition processes.

Credit Risk

Hong Kong Govt Enhances 100% Loan Guarantee Scheme

By Editors | 15/09/2020

The maximum loan amount and repayment period are being increased to further alleviate the cash flow pressure of SMEs, effective from Friday, 18 September.

Capital Adequacy

PBOC Publishes Final Rules for Financial Holding Companies

By Editors | 14/09/2020

Existing groups that meet the requirements have 12 months to apply to the PBOC for establishment and licensing, with at least CNY 5 billion in registered capital.

Market Risk

HKMA Published Revised SPM on Non-Cleared OTC Derivatives

By Editors | 14/09/2020

Banks currently in scope of the margin requirements and risk mitigation standards have until 1 September 2021 to comply wth the revised supervisory policy manual.

Structural Regulation

Sri Lanka Eases Shareholder Limits on Commercial Banks

By Duruthu E Chandrasekera | 14/09/2020

Multilateral agencies such as the World Bank and IFC can hold up to 20% of a commercial bank. Other firms or institutions can hold up to 15%.

Credit Risk

S. Korea Unveils Details of New Consumer Credit Bill

By Editors | 13/09/2020

The bill obliges lenders to offer debt restructuring plans to delinquent borrowers if such a request is made, and places restrictions on the use of debt collection agencies.