Prudential Risk

Supervision & Enforcement

APRA ‘Heatmaps’ to Expose Underperforming Super Funds

By Editors | 20/11/2019

The heatmap is designed to emphasise underperformance, not to be used as a peer ranking mechanism or give a pat on the back to better-performing superannuation products.

Resolution & Recovery

MCA Releases Interim Rules for Handling NBFC Insolvency

By Editors | 20/11/2019

The framework will serve as an interim mechanism to deal with any urgent situation at systemically important NBFCs, pending the introduction of a full resolution framework.

Conduct, Culture & Accountability

APRA’s New Approach to Managing Non-Financial Risks

By Editors | 20/11/2019

APRA has published a new information paper setting out a tougher approach to lifting standards of governance, culture, remuneration and accountability across the financial industry.

Resolution & Recovery

FSC Korea Launches Bankruptcy Financing Firm for SMEs

By Editors | 20/11/2019

The new firm will offer “debtor-in-possession” loans to SMEs, allowing incumbent chief executives to remain in control during restructuring.

Structural Regulation

Australia Consults on Financial Market Infrastructure Regulatory Reforms

By Editors | 19/11/2019

The proposed reforms will enhance the licensing and supervisory regime for financial market infrastructures and introduce a resolution regime for clearing and settlement facilities.

Supervision & Enforcement

CSRC Revokes Licences of CEFC China Securities Unit

By Editors | 18/11/2019

CEFC Shanghai Securities Co used its own and client funds to provide financing to its parent and other affiliated companies for purchasing and leasing properties.

Operational Risk

BCBS 239: The Rise of 2.5LoD at Singapore Banks

By Shierly Mondianti | 18/11/2019

PwC’s Shierly Mondianti and Irene Liu explore the advantages and disadvantages of the operating models for executing independent validation post-BCBS 239 compliance.

Resolution & Recovery

FSB Prioritises CCP Resilience, Resolvability in Policy Work

By Editors | 15/11/2019

The FSB says it plans to consult on new guidance on evaluating the adequacy of a CCP’s resolution resources, and challenges still remain on aspects of G-SIB resolvability.

Data Privacy

Exploring APAC’s Emerging Data-Intensive Regulatory Environment

By Swati Kothari | 15/11/2019

APAC’s data intensive regulatory environment is making it increasingly important for banks to adopt a strategic data framework, say Swati Kothari and Jackielou Imperial at Wolters Kluwer.