Prudential Risk

Structural Regulation

New P2P Lending Legislation Takes Effect in Korea

By Editors | 26/08/2020

Under the law, P2P lenders must meet new capital requirements and be registered with the FSC. Consumer protection is also enhanced.

Resolution & Recovery

FSB Publishes ‘Key Attributes’ Assessment Methodology for Insurance

By Editors | 25/08/2020

The methodology will guide the assessment of how well a jurisdiction’s insurance resolution framework aligns with the FSB’s Key Attributes for effective resolution regimes.

Capital Adequacy

S. Korea Progresses Bill on Financial Conglomerate Supervision

By Editors | 25/08/2020

The bill provides the legal basis for the supervision of non-holding financial groups such as Samsung, Hanwha, Kyobo, Mirae Asset, Hyundai Motor, and DB.

Capital Adequacy

China: Banks May Sell Subordinated Debt to Local Govts for Capital

By Editors | 25/08/2020

Regulators are reportedly considering allowing small and midsized banks to sell subordinated debt to local governments to replenish tier 2 capital.

Structural Regulation

APRA Consults on Changes to EFS Reporting Standards

By Sanday Chongo Kabange | 25/08/2020

The consultation is open for comment until 25 September. The changes are proposed to be effective for the reporting period ending June 2021.

Capital Adequacy

Australia Transitions to New Regulatory Regime for Litigation Funders

By Sanday Chongo Kabange | 24/08/2020

Litigation funders will have three months of transition relief before they have to mandatorily hold an AFS licence and comply with rules for managed investment schemes.

Credit Risk

BOT to Launch Debt Restructuring Programme for Businesses

By Sanday Chongo Kabange | 24/08/2020

The new programme is designed to help businesses to restructure debt owed to multiple creditors. A similar programme for household borrowers already exists.

Capital Adequacy

Hong Kong IA Proposes New Capital Rules for Insurance Groups

By Manesh Samtani | 24/08/2020

The rules set out capital, regulatory reporting and public disclosure requirements that apply to insurance groups where the holding company is incorporated in Hong Kong.

AI Risk & Governance

Hong Kong AoF Publishes Report on AI Adoption in Banking

By Editors | 23/08/2020

The report provides insights about the risk management frameworks and overarching supervisory principles banks use when adopting artificial intelligence.