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Operational Risk
MAS Issues Directions on Safe Re-opening of Financial Sector
By Editors | 16/06/2020
Although access to in-person services will expand, MAS “strongly encourages” FIs and their customers to continue using digital financial services and e-payments as much as possible.
Liquidity Risk
S. Korea Unveils New Corporate Asset Purchase Programme
By Editors | 15/06/2020
KAMCO, a state-run distressed asset manager which was deployed during the 1997 financial crisis, will set up a special purpose vehicle to buy up corporate assets for fair market prices.
Data Privacy
FSC Korea Outlines Key Policy Tasks for H2 2020
By Editors | 14/06/2020
The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.
Capital Adequacy
Bangladesh Relaxes Rules Prohibiting Bank Dividends
By Duruthu E Chandrasekera | 14/06/2020
Banks are allowed to distribute cash dividends to general shareholders and stock dividends to sponsors and institutional investors.
Clearing & Post-Trade
WFE Issues Guidance on CCP Handling of Non-default Losses
By Editors | 11/06/2020
At the ten largest CCPs, no CCP has ever allocated a loss to a clearing member related to custody or collateral investment through its rulebook, the guidance makes clear.
Credit Risk
MAS’ Menon Warns of Looming Debt Risks, Ratings Downgrades
By Manesh Samtani | 11/06/2020
If Covid-19 is not contained, debt will accumulate and credit risks will mount, leading to ratings downgrades which will exacerbate existing stresses and cause asset sell-offs.
Supervision & Enforcement
CBIRC Moves to Stamp Out Abuse of Cheap Loans
By Editors | 11/06/2020
Banks have reportedly been directed to reduce their structured deposits to January levels, as part of CBIRC efforts to stamp out abuse of cheap loans.
Supervision & Enforcement
Korea: Banks, Brokers Agree Plan to Recover Lime Asset Losses
By Editors | 11/06/2020
Twenty firms, including banks and brokers, will set up a new entity to manage the estimated 1.7tr won in assets frozen by Lime Asset Management since October.
Credit Risk
CBIRC Eases Loan Loss Provisioning Requirements – Report
By Editors | 10/06/2020
The CBIRC has reportedly told small and midsize banks they can reduce the amount of capital they need to set aside to cover potential losses from loan defaults.
Structural Regulation
BOT Launches Regulatory Sandbox for P2P Lending Platforms
By Editors | 09/06/2020
The BOT will seek to use sandbox testing to ensure P2P lending platform providers adopted appropriate risk management and user protection practices.
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