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Conduct, Culture & Accountability
CBA Increases Remediation Provisions Ahead of Full-Year Results
By Editors | 05/08/2020
Customer remediation provisions have been increased by A$300mn, bringing CBA’s total remediation bill to A$834. The full-year results are due on 12 August.
Credit Risk
HKMA Defers Trade Facility Repayments by a Further 90 Days
By Editors | 05/08/2020
Banks have agreed to allow corporate customers who still face cash-flow pressures to further extend their trade facilities for a further 90 days, on top of the 90 days granted from May.
Structural Regulation
Regulatory Fragmentation in Markets Undermines Economic Recovery
By Manesh Samtani | 05/08/2020
Fragmentation introduces distortions and inefficiencies, undermining financing when it is needed to facilitate the recovery from Covid-19, ASIFMA says in a new report.
Operational Risk
UOB Launches Training Programme to Address Transformation in Finance
By Editors | 05/08/2020
The UOB Finance Academy will allow participants to deepen their knowledge in areas such as risk management, regulation, liquidity management and data analytics.
Operational Risk
Shadows of Crises Past: Margin Calls Strain Financial Markets
By Purtini Joshi | 04/08/2020
March and April volatility exposed operational inefficiencies for trading counterparties that have yet to automate their collateral management processes, says DTCC’s Purtini Joshi.
Capital Adequacy
Taiwan FSC to Allow Banks to Develop New Financial Products
By Editors | 04/08/2020
Banks seeking to develop new wealth management products for high-asset customers can apply to the FSC before 15 September.
Liquidity Risk
FSC Korea to Rein in Structured Products Issuance
By Editors | 03/08/2020
The FSC will impose new rules for securities firms on stress testing, liquidity management, leverage and mandatory FX hedging, among its measures to protect investors from risky products.
Structural Regulation
IMF Publishes New Transparency Code for Central Banks
By Editors | 03/08/2020
The voluntary code allows central banks to measure transparency, which the IMF says is necessary to facilitate accountability and enhance public trust and support.
Credit Risk
Credit Stress Tests Critical to Safeguarding CCPs
By Editors | 03/08/2020
Stress testing is a crucial tool within a CCP’s toolbox for ensuring the stability, safety, and resilience of the financial market, says a new paper from CCP12.
Conduct, Culture & Accountability
Culture Audits: Removing the Blindfold
By Stephen Scott | 03/08/2020
To avoid individual liability, leaders along all Three Lines of Defence must identify indicators of non-financial risk that permit “upstream” interventions, say Stephen Scott and Mark Cooke.
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