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Credit Risk
HKMA Extends Principal Payment Holiday Scheme Six Months
By Manesh Samtani | 03/09/2020
Loan principal payments of eligible corporate customers falling due between November 2020 and April 2021 will be deferred by six months. Trade loans will be deferred by 90 days.
Liquidity Risk
RBA Expands Low-cost Term Lending Facility for Banks
By Editors | 02/09/2020
The expansion brings the total available funding under the term lending facility to about A$200 billion, said RBA governor Philip Lowe.
Operational Risk
APRA Updates Four-Year Corporate Plan to Prioritise Covid Risks
By Editors | 02/09/2020
APRA will prioritise the safety and soundness of regulated institutions, operational resilience and contingency planning for adverse events.
Operational Risk
CBIRC Penalises Two State-Owned Banks for Violations
By Editors | 02/09/2020
Agricultural Bank of China and China Construction Bank were fined more than a combined 90mn yuan and one individual was banned for life.
Credit Risk
BSP Proposes to Impose Cap on Credit Card Finance Charges
By Editors | 31/08/2020
The BSP says it is looking to impose a maximum finance charge equivalent to an effective annual interest rate of 24 percent for credit card cash advances and installment purchases.
Emerging Prudential Risks
APRA Issues 3rd Consultation Package on Superannuation Data Collection
By Editors | 30/08/2020
The third package contains consultation materials covering four areas: expense reporting, asset allocation, insurance arrangements, and fees and costs.
Fraud, Scams & Cybercrime
US Agencies Warn of North Korean ATM Cash-out Threat
By Manesh Samtani | 30/08/2020
The hacking team uses various techniques to gain access to banks’ SWIFT terminals to enable wire fraud or their payment switch application servers to enable ATM cash-outs.
Operational Risk
APRA Imposes Licence Conditions on NAB Unit NULIS Nominees
By Editors | 28/08/2020
NULIS Nominees is required to improve its governance and control environment, and ensure members’ best interests are prioritised in its decision-making.
Supervision & Enforcement
CSRC Publishes Classification Results for Securities Firms
By Editors | 27/08/2020
The classification reflects securities firms’ governance structures, risk management capabilities, continuous compliance status, and business development status.
Liquidity Risk
FSC Korea Extends Easier Liquidity Requirement for Banks
By Editors | 26/08/2020
The lower liquidity coverage ratio was scheduled to end in September, but the FSC has decided to extend the relaxed requirements until end-March.
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