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Operational Risk
RBI Grants Banks Additional Time to Submit Regulatory Returns
By Editors | 01/05/2020
The regulator has listed 18 regulatory returns which banks can submit with a delay of a maximum 30 days. No extension is granted for the submission of statutory returns which are required by law.
Climate Risk
BCBS Members Advancing Work on Climate-related Financial Risk
By Editors | 30/04/2020
An “overwhelmingly large share” of BCBS members have conducted research related to the measurement of climate-related financial risks.
Credit Risk
MAS Unveils Additional Financial Industry Support for Individuals
By Editors | 30/04/2020
This second package of measures is aimed at helping individuals ease their cashflow burden, reduce debt, and ensure access to basic banking services.
Liquidity Risk
RBI Expands Mutual Fund Liquidity Facility to All Banks
By Editors | 30/04/2020
Initially, funding under the special liquidity facility for mutual funds was only available to banks that use the RBI’s liquidity adjustment facility window.
Credit Risk
RBNZ Removes LVR Restrictions on Mortgage Lending
By Editors | 30/04/2020
All locally incorporated banks who responded to the one-week consultation were in favour of removing LVR restrictions, saying it would allow them to better support their customers.
Credit Risk
SEBI Extends Mutual Fund Deadlines for Lowering Unlisted Debt Holdings
By Editors | 30/04/2020
Mutual funds will now have until 30 September to reduce their holdings of unlisted non-covertible debentures to 15% of assets, and until 31 December to reduce it to 10%.
Credit Risk
BSP Relaxes Loan Classification Norms, MSME Loan Risk Weight
By Editors | 30/04/2020
The relaxation of loan classification norms and the lowering of credit risk weights on MSME loans will apply until end-December 2021.
Capital Adequacy
FSC Korea Defers Tighter Supervision of Financial Conglomerates
By Editors | 30/04/2020
The FSC has approved revisions to enhance capital adequacy assessments, internal control systems, and disclosure standards of financial conglomerates.
Credit Risk
Hong Kong Records Higher Negative Equity Mortgage Loans
By Editors | 30/04/2020
The negative equity loans are related to housing loans provided to bank staff or under mortgage insurance programmes, which tend to have higher loan-to-value ratios.
Cybersecurity
SFC Offers Guidance on Cyber Risk of Remote Office Arrangements
By Editors | 29/04/2020
In a circular, the SFC sets out examples of controls and procedures to help licensed corporations protect their internal networks and data.
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