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Operational Risk
MAS Issues Advisory to FIs Amid Higher Coronavirus Alert Level
By Editors | 10/02/2020
MAS asks financial institutions to ensure business continuity and warns that cyber threat actors are taking advantage of the novel coronavirus situation to conduct email scams, phishing and ransomware attacks.
Capital Adequacy
BIS Paper Identifies Sources of Regulatory Fragmentation in Banking
By Editors | 09/02/2020
The paper points to varying asset valuation practices, which impact measurements of banks’ regulatory capital, along with Pillar 1 and Pillar 2 implementation differences.
Climate Risk
FSAP Stress Tests to Prioritise Climate Risk Assessments: IMF
By Manesh Samtani | 08/02/2020
The IMF is adding climate-related factors to its existing stress-testing methodology to help government and private-sector leaders prepare for potential financial shocks.
Trading & Investment
NAFMII Enables ‘Green Channel’ Bond Issuance Amid Virus Outbreak
By Editors | 07/02/2020
NAFMII will support companies affected by the coronavirus outbreak and those helping to contain it by enabling a ‘green channel’ for fundraising and debt issuance.
Credit Risk
HKMA Urges ‘Sympathetic Stance’ for Borrowers Affected by Coronavirus
By Manesh Samtani | 07/02/2020
The HKMA is encouraging banks to adopt a sympathetic stance to customers facing coronavirus-related difficulties and to consider offering relief on debt repayment and fees.
Capital Adequacy
Malaysian Central Bank Publishes Inaugural D-SIBs List
By Editors | 06/02/2020
Maybank, CIMB and Public Bank have been designated as D-SIBs and will have to maintain extra capital buffers from 31 January 2021 to reduce the probability of failure.
Emerging Prudential Risks
India Raises Deposit Insurance Cover Five Fold
By Editors | 05/02/2020
Finance Minister Nirmala Sitharaman announced in her Budget Speech that deposit insurance would be increased to 500,000 rupees per depositor.
Credit Risk
BOT Launches Phase Three of ‘Debt Clinic’ Scheme
By Editors | 05/02/2020
Phase 3 will expand the scope of covered personal debt to include cases involving a single debtor. The Debt Clinic has so far helped over 3,000 borrowers refinance bad debt.
Climate Risk
MAS to Broaden Range of Climate Risks Included in Stress Tests
By Editors | 05/02/2020
The current priority is to collect climate-related data and understand how it impacts FIs in order to conduct a proper stress test, says MAS board member Ong Ye Kung.
Capital Adequacy
Vietnam to Bolster Capital at State-owned Banks
By Editors | 04/02/2020
Vietcombank and Vietinbank will each receive government funds to bolster their capital. Agribank will be allowed to retain its earnings rather than contribute to the state budget.
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