Prudential Risk

Emerging Prudential Risks

FSB Publishes Work Programme for 2020

By Editors | 18/12/2019

The work programme for 2020 reflects the evolving nature of the global financial system and associated risks to financial stability, the FSB says.

Credit Risk

Chinese Banks Told to Further Reduce Small Business Borrowing Costs

By Editors | 18/12/2019

The State Council has asked banks to further lower financing costs for small and micro businesses and to increase lending to such businesses by 20% over the next year.

Market Risk

HKMA Moderates Approach to Implementing Market Risk Framework

By Editors | 18/12/2019

The HKMA says it will finalise Hong Kong’s timeline when there is more clarity on the implementation status in other major jurisdictions.

Conduct, Culture & Accountability

ASIC Urges More Progress to Improve Insurance in Superannuation

By Editors | 18/12/2019

ASIC has observed improvements by a “significant number of trustees” as a result of the industry’s implementation of the Insurance in Superannuation Voluntary Code of Practice.

Anti-Money Laundering

APRA Investigates Westpac, Imposes Capital Surcharge

By Editors | 17/12/2019

APRA’s investigation will focus on the conduct that led to Westpac’s alleged 23 million AML breaches, and whether its senior managers breached the Banking Act, including the BEAR.

Capital Adequacy

Basel Committee Launches Consolidated Basel Framework

By Editors | 16/12/2019

The framework brings together all of the Basel Committee’s global standards for the regulation and supervision of banks.

Emerging Prudential Risks

IOSCO Unveils Framework for Monitoring Leverage-related Risks in Funds

By Editors | 16/12/2019

IOSCO has developed a framework for monitoring leverage across all types of investment funds globally, to help regulators assess leverage-related risks that can undermine financial stability.

Operational Risk

RBNZ Orders ANZ New Zealand to Improve Director Attestation Processes

By Editors | 16/12/2019

A report from Deloitte shows some level of complacency in ANZ’s director attestation framework, but no evidence of a culture that supports non-compliance or deception.

Credit Risk

APRA Updates Prudential Standard on Credit Risk Management

By Editors | 13/12/2019

The revised prudential standard on credit risk management will come into effect from 1 January 2021, six months later than was proposed in a March consultation.