Prudential Risk

Capital Adequacy

Radical Steps Needed from Vietnam Banking Sector

By Francois Denimal | 09/06/2020

Vietnam’s banking sector must take radical steps to adopt international capital rules, reporting requirements and trading practices, says Francois Denimal at FIS.

Capital Adequacy

SFC Fines Potomac Capital for Breaching Financial Resources Rules

By Editors | 08/06/2020

Potomac misinterpreted the financial resources rules and incorrectly including aged fees receivables as liquid assets, leading to an overstatement of liquid capital.

Liquidity Risk

Sri Lanka to Triple Refinance Facility Limit for Banks

By Duruthu E Chandrasekera | 08/06/2020

The tripling of the limit was proposed to the Cabinet following complaints from various parties that they had not received relief from their banks.

Capital Adequacy

FSC Korea Unveils Legislation to Tighten Supervision of Financial Groups

By Editors | 08/06/2020

Under the bill, non-holding financial conglomerates like Samsung, Mirae Asset and Hyundai Motor will be subject to new requirements to monitor group risks and measure capital adequacy.

Credit Risk

CBIRC to Step Up Monitoring of Credit Risk in Banking Sector

By Editors | 08/06/2020

Companies obtaining loans under Covid-19 programmes are using the proceeds to invest in wealth management products, structured deposits, the stock market and the housing market.

Structural Regulation

Australia to Further Tighten Foreign Investment Approval Process

By Manesh Samtani | 07/06/2020

Under the new regime, a new “last resort power” will allow the Treasurer to force divestment on national security grounds even after approval is granted.

Fraud, Scams & Cybercrime

Woori, Shinhan to Pay Compensation on Lime Asset Losses

By Editors | 07/06/2020

Woori and Shinhan will pay about 50% of principal invested in three suspended Lime funds, preemptively, while the FSS decides on a final compensation ratio.

Supervision & Enforcement

CBIRC Issues Rules for Banks on Handling of Criminal Cases

By Editors | 04/06/2020

The CBIRC has set out banks and insurers’ obligations when handling criminal cases that arise, including duties to investigate, issue reports, determine accountability and hand out punishments.

Credit Risk

Singapore Banks Pledge Relief to Landlords Providing Rent Waivers

By Editors | 03/06/2020

Singapore authorities, with the support of banks, have announced a package of measures that will help landlords with existing loan commitments and cashflow needs.