Prudential Risk

Cybersecurity

IMF, MAS Offer Guidance on Assessing Cyber Risk

By Manesh Samtani | 12/02/2020

A new IMF-MAS paper presents data sources and methods that can be used to analyse and assess cyber risk, illustrated with applications to Singapore.

Payments & Settlements

RBI Proposes Authorisation of New Retail Payment Systems

By Editors | 12/02/2020

The draft framework is said to be aimed at addressing concerns that the NPCI has become ‘too big to fail’ and presents increased concentration risk.

Trading & Investment

Indian Banks Association Pushes for LIBOR Transition Readiness

By Editors | 12/02/2020

The IBA has written to companies asking them to assess the impacts that the LIBOR phase-out will have on their businesses, and to prepare accordingly.

Capital Adequacy

Sea and Grab-Singtel “Leading Singapore Digital Bank Race”

By CorporateTreasurer | 12/02/2020

S&P Global Market Intelligence believes digital banking contenders Sea and the Grab-Singtel consortium are the most likely to gain coveted digital bank licences in Singapore.

Clearing & Post-Trade

India to Introduce Netting Legislation, Margin Rules for Derivatives

By Manesh Samtani | 11/02/2020

Prompted by a Budget proposal to introduce netting legislation “soon”, the RBI says it will likewise issue directions on the exchange of margin for non-centrally cleared derivatives.

Credit Risk

RBI Expands One-Time Restructuring Scheme for MSME Loans

By Editors | 11/02/2020

The benefit of one-time restructuring will be extended to include MSME loans in default as of 1 January 2020, with the debt restructuring window also extended to 31 December 2020.

Emerging Prudential Risks

PBOC Offers Banks Low-Cost Funding to Support Epidemic Control

By Editors | 11/02/2020

Banks are required to use the special funding to support activities by companies directly linked to controlling the outbreak through loans issued at below-market interest rates.

Credit Risk

S. Korean Government Pledges $1.6b to Support New SME Loans

By Editors | 10/02/2020

Funding will be provided through policy banks to help SMEs, small merchants, and self-employed business owners address financing challenges amid the coronavirus outbreak.

Liquidity Risk

HSBC Provides Relief to Customers Impacted by Outbreak

By Editors | 10/02/2020

HSBC becomes the latest Hong Kong bank to announce relief measures for business owners impacted by the novel coronavirus and its effects on the economy.