Prudential Risk

Structural Regulation

Philippines Signs Islamic Banking Framework into Law

By Editors | 03/09/2019

The law grants Islamic banks powers to carry out the business of a bank in accordance with Sharia principles, in addition to the general powers granted to corporations.

Structural Regulation

India to Merge 10 State Owned Banks into Four

By Editors | 03/09/2019

“In place of fragmented lending capacity with 27 public sector banks in 2017, now there will be only 12 state-run banks post consolidation,” said India’s finance minister Nirmala Sitharaman.

Supervision & Enforcement

CBIRC Identifies Numerous Violations at Small and Mid-sized Banks

By Editors | 03/09/2019

“In response … all relevant regulatory agencies should take targeted prudential supervision measures … and carry out administrative punishment according to law,” the CBIRC said.

Fraud, Scams & Cybercrime

Indian Banks Taking Nearly Two Years to Detect Fraud: RBI

By Editors | 02/09/2019

The RBI said in its annual report that banks take an average of 22 months to detect fraud, and up to 55 months for frauds involving large amounts.

Emerging Prudential Risks

SFC Launches ‘Key Risk Indicator’ Reporting Platform

By Editors | 02/09/2019

Initially, licensed corporations of 22 global FIs will have to submit data relating to their operations, conduct issues and prudential risk exposures on a monthly, quarterly and yearly basis.

Resolution & Recovery

UPDATED – PBOC Mulls New Rules to Reduce Risk at Smaller Banks

By Editors | 30/08/2019

The PBOC will encourage merger talks instead of bankruptcies when dealing with problematic financial institutions.

Operational Risk

APRA to Improve Capabilities to Combat Non-Financial Risks

By Editors | 30/08/2019

In its four-year corporate plan, APRA identifies four areas of strategic focus, including to improve cyber-resilience and governance standards in the financial sector.

Credit Risk

HKMA Allows Lenders to Expand Use of Tech in Retail Lending

By Editors | 30/08/2019

The HKMA is allowing lenders to further develop business involving the use of innovative financial technology to assess and approve personal loan applications.

Supervision & Enforcement

APRA Finalises Rules for How Super Funds Must Assess Performance

By Editors | 29/08/2019

Starting in January, superannuation licensees will be required to perform business performance reviews to assess whether they are delivering sound, value-for-money outcomes for members.