Prudential Risk

Credit Risk

SEBI Eases Mutual Fund Valuation Norms for Debt Securities

By Editors | 26/04/2020

Valuation agencies need not consider payment delays and maturity extensions resulting from Covid-19 as defaults when valuing money market and debt securities held by mutual funds.

Credit Risk

Hong Kong Gazettes Banking Rule Amendments to Implement SA-CCR

By Editors | 25/04/2020

The final Basel III standards on SA-CCR and on capital requirements for CCP exposures will come into operation in Hong Kong on 30 June 2021, subject to negative vetting.

Liquidity Risk

Bangladesh Bank Forms $1.8b Lending Facility for Banks, NBFIs

By Editors | 25/04/2020

Under the new scheme, lenders will be able to borrow funds from Bangladesh Bank at 4% and on-lend those funds to industrial and services sector borrowers at 9%.

Liquidity Risk

BSP Eases Asset Cover Rules for Banks’ FX Exposures

By Editors | 25/04/2020

Banks can offset foreign currency asset cover deficiency incurred on one or more days of the week with excess cover from other days of the same or immediately succeeding weeks.

Credit Risk

Indian Banks Asked to Submit Lending Reports Daily

By Editors | 24/04/2020

The Finance Ministry has asked for data on the volume and scale of loans, as well as particulars on what sectors are getting them.

Market Risk

Oil Volatility Prompts SFC Call for Vigilance, Contingency Plans

By Editors | 24/04/2020

Commodity futures brokers should control exposures to clients and pre-arrange for contingent funding and capital support to be available from group companies or shareholders.

Emerging Prudential Risks

Korea: IMF Assessment Highlights Pre-Covid Financial System Risk

By Editors | 24/04/2020

The assessment commends Korea for its continued efforts to enhance prudential, legal and supervisory frameworks, while also pointing to growth-related uncertainties and household debt risks.

Credit Risk

Aussie Majors to Provide Bridging Loans to Businesses Awaiting Subsidies

By Editors | 24/04/2020

ANZ, NAB, Westpac and CBA have agreed to set up new dedicated hotlines and expedite the processing of bridge financing applications as businesses wait to be paid wage subsidies.

AI Risk & Governance

FMSB Publishes Spotlight Review on Algorithmic Trading

By Editors | 23/04/2020

The Spotlight Review highlights the importance and challenges of model risk management in areas where algorithmic trading is being deployed.