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Resolution & Recovery
China Prepares to Bail Out State-owned Enterprises, Banks
By Editors | 27/07/2020
State-owned China Reform Holdings has set up a bailout fund to help ensure SOEs can avoid bond defaults. Meanwhile, 18 provincial governments have approval to inject capital into banks.
Credit Risk
Bangladesh Bank Spares No Effort to Boost CMSME Lending
By Editors | 27/07/2020
In the past week, the central bank has sharply eased loan classification and provisioning rules, and offered credit guarantees, to try and address an unwillingness among banks to lend to small businesses.
Credit Risk
RBI Warns of Rising Bad Loans, While Urging Against Risk Aversion
By Editors | 27/07/2020
In a ‘very severe shock’ scenario, 23 banks would fail to maintain the 9% capital-to-risk weighted assets ratio, and the NPA ratio would reach 14.7%.
Supervision & Enforcement
CBIRC to Delegate Insurance Supervision to Local Authorities
By Editors | 27/07/2020
Local authorities will assume regulatory responsibilities over 64 property insurers, while the CBIRC will retain oversight for the 36 larger institutions.
Capital Adequacy
CFTC Adopts New Swaps Rules Limiting Extraterritorial Oversight
By Editors | 27/07/2020
Chairman Heath Tarbert said it is unnecessary for the CFTC to be “the world’s policeman” for all swaps, given that most G20 jurisdictions have adopted similar swaps regulations.
Operational Risk
SGX RegCo Addresses Financial Reporting Challenges Amid Covid-19
By Editors | 26/07/2020
SGX RegCo places emphasis on quality, reliability and appropriateness of interim financial reports, with particular regard to asset valuations and alternative performance measures used.
Operational Risk
Institute of Internal Auditors Offers Update to 3LoD Model
By Editors | 26/07/2020
The new ‘Three Lines Model’ is aimed at improving organisational structure to achieve better alignment, collaboration, and accountability among key players.
Emerging Prudential Risks
HKMA Aligns Benchmark Reform Guidance for Banks with BCBS
By Editors | 26/07/2020
HKMA’s new guidance covers issues with benchmark reform relating to the definition of capital, market risk, counterparty credit risk, liquidity and operational risk.
Credit Risk
APRA Allows Banks to Defer Property Collateral Revaluations
By Editors | 26/07/2020
APRA points to physical access barriers and a high degree of uncertainty that create challenges for banks in updating commercial property valuations.
Liquidity Risk
Australia Extends Early Super Access Deadline to Year-end
By Editors | 24/07/2020
As of 19 July, superannuation funds had paid out A$28bn to their members under the early release scheme.
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