Prudential Risk

Emerging Prudential Risks

BCBS Solicits Comments on Prudential Treatment for Crypto Assets

By Manesh Samtani | 12/12/2019

The BCBS proposes to allocate direct crypto-asset holdings to the banking book, and indirect exposures to the trading book, while prohibiting the use of internal models to calculate market risk.

Operational Risk

APRA Issues Final Operational Risk Requirements for ADIs

By Editors | 12/12/2019

The prudential standard comes into effect from 1 January 2021 for ADIs using advanced measurement approaches to calculate the required capital for operational risk.

Structural Regulation

CBIRC Offers Update on Banking, Insurance Opening-Up

By Editors | 12/12/2019

From January to October, the CBIRC has approved over 30 applications from foreign firms looking to either establish operations or commence business in China.

Liquidity Risk

HKMA Defends Against Rumours of Hong Kong Stability Risks

By Manesh Samtani | 12/12/2019

The HKMA has not seen any large-scale outflow of funds from Hong Kong and the banking system had sufficient capital and liquidity to withstand any impact.

Emerging Prudential Risks

APRA Publishes Names of Underperforming Super Funds

By Editors | 11/12/2019

APRA has published a colour-coded ‘heatmap’ to lift industry practices and enhance member outcomes by enabling comparison between superannuation products.

Resolution & Recovery

Malaysia’s RHB Bank to Shutter Hong Kong Operations

By Editors | 11/12/2019

The move is said to be the result of an “increasingly challenging” operating and broking environment, largely attributed to a slow economy and ongoing civil unrest.

Cloud & Infrastructure

No Immediate Financial Stability Risks from Cloud Services: FSB

By Manesh Samtani | 10/12/2019

While no immediate financial stability risks have been identified, there may be new issues to consider given the scale of services provided via the cloud and the small number of globally dominant players.

Conduct, Culture & Accountability

Fund Managers to Remain in Regulatory Spotlight in 2020: Moody’s

By Editors | 10/12/2019

Asset managers will remain in the regulatory spotlight as authorities actively work to reduce conflicts of interest in financial advice and elevate supervision of fund liquidity management.

Emerging Prudential Risks

BigTechs Could Raise Issues for Policymakers: FSB

By Manesh Samtani | 10/12/2019

BigTech firms could raise a range of issues for policymakers, warranting additional regulation and/or financial oversight over their activities, the FSB says in a new report.