Prudential Risk

Data Privacy

CBIRC Fines Eight Banks Over Poor Quality of Reported Data

By Editors | 13/05/2020

The banks were each fined between 1.6mn and 2.7mn yuan for underreporting information on certain transactions, wealth management products, and credit asset transfers.

Conduct, Culture & Accountability

All Firms Are Taking Steps to Align Compensation With Risk: FSB

By Manesh Samtani | 12/05/2020

Banks, insurers and asset managers are increasingly making use of non-financial metrics and better data to assess compensation policy effectiveness and align compensation with risk.

Credit Risk

HKMA Support Measures and the Impact to the Banking Industry

By Pierre Latrobe | 12/05/2020

Pierre Latrobe at Mazars discusses recent HKMA initiatives taken in response to Covid-19 and their implications for Hong Kong banks, highlighting credit risk as a growing threat.

Credit Risk

CBIRC Issues Draft Rules on Online Lending by Banks

By Editors | 11/05/2020

Per-household credit lines will be capped at 200,000 yuan, and online loans may not be used for housing purchases, mortgage repayment, or investment in financial products.

Emerging Prudential Risks

UK Regulators Defer Majority of Regulatory Initiatives

By Editors | 11/05/2020

Incoming Basel requirements and margin rules will be deferred. The transition away from LIBOR will continue as planned. Work is still underway to prepare for Brexit.

Resolution & Recovery

Korea: KDB Can Intervene in Bailed-out Companies to Prevent Value Loss

By Editors | 10/05/2020

Under the latest revisions, Korea Development Bank may exercise its voting rights in bailed-out companies for decisions that may impact shareholder value or when restructuring is required.

Credit Risk

SEBI Defends Rules Limiting Mutual Fund Investment in Unlisted Debt

By Editors | 09/05/2020

SEBI was responding to recent comments by Franklin Templeton’s president, which appeared to in part blame the rules for the closure of six India funds.

Conduct, Culture & Accountability

HKMA Proposes Mandatory Reference Checks to Stop Rolling Bad Apples

By Manesh Samtani | 08/05/2020

Under the scheme, prospective employees would be required to disclose employment records to recruiting AIs before a new employment relationship is established.

Liquidity Risk

India: Banks Agree to Extend Loan Moratorium to NBFCs

By Editors | 08/05/2020

RBI governor Shaktikanta Das has made clear that NBFCs are eligible for the loan moratorium being extended to other borrowers.