Prudential Risk

Credit Risk

HK Banks Pledge Continued Leniency for SME Borrowers

By Editors | 21/01/2020

At the second meeting of the Banking Sector SME Lending Coordination Mechanism, established in October, banks agreed to a number of additional measures to aid SME borrowers.

Climate Risk

BIS Calls on Central Banks to Coordinate Action on Climate Change

By Manesh Samtani | 21/01/2020

Without coordinated action, a new global financial crisis triggered by climate change would render central banks and financial supervisors powerless.

Operational Risk

SFC Offers Brokers, Fund Managers Guidance on Risk Governance

By Editors | 21/01/2020

Senior management, including the board, responsible officers and MICs will be held accountable for the overall risk management control of their firms.

Emerging Prudential Risks

Moody’s Downgrades Hong Kong, Citing Lack of Response to Unrest

By Editors | 21/01/2020

The absence of an effective response by Hong Kong’s government to address the concerns of the population indicate weaker institutional and governance strength.

Credit Risk

RBI Issues Operational Guidance for UCB Large Exposure Reporting

By Editors | 20/01/2020

Large urban cooperative banks have to report exposures over 50mn rupees to a central repository within one month from the end of each quarter.

Resolution & Recovery

BNM Issues Draft Framework on Recovery, Resolution Planning

By Editors | 20/01/2020

Each financial institution will be required to identify and plan for the execution of a suite of recovery options to restore its long-term viability under a range of stress events.

Credit Risk

China Launches Upgraded Credit Reference System

By Editors | 20/01/2020

The new system covers 5 years of financial records, compared to 2 previously, including information on borrowers’ employment status, co-borrowing records, and utility payment history.

Emerging Prudential Risks

NBFI Posing Financial Stability Risk Grows at Slower Pace: FSB

By Editors | 20/01/2020

Non-bank financial intermediation posing bank-like financial stability risks grew by 1.7% in 2018, significantly slower than the 2012-2017 average annual growth rate of 8.5%.

Credit Risk

Sri Lanka Offers Credit Support for Banks to Boost SME Lending

By Editors | 18/01/2020

The new scheme provides risk mitigation support to banks that defer principal repayment and extend new loans for SME borrowers, including those that have defaulted.