Prudential Risk

Trading & Investment

PBOC Approves Development of ‘Standardised Notes’

By Editors | 20/08/2019

Standardised notes are tradable beneficiary certificates backed by a pool of commercial paper or bankers’ acceptances with similar maturities.

Credit Risk

CBIRC Urges Acceptance of IP Pledges as Loan Collateral

By Editors | 20/08/2019

Financial institutions are encouraged to “actively carry out intellectual property pledge financing business” to provide greater support to innovative enterprises in their development.

Emerging Prudential Risks

PBOC Reforms Interest Rate Setting Mechanism

By Editors | 19/08/2019

The new market-oriented mechanism for calculating the Loan Prime Rate is expected to lower the cost of borrowing nationwide.

Market Risk

HKMA Adjusts Initial Margin Implementation Schedule

By Editors | 19/08/2019

The HKMA has adjusted its implementation schedule for the incoming requirements, taking into account the one-year phased extension announced by BCBS and IOSCO in July.

Liquidity Risk

Respondents ‘Broadly Supportive’ of New RMBS Framework: RBNZ

By Editors | 16/08/2019

The RBNZ says submissions to its November consultation were broadly supportive of the proposed new standard for mortgage bonds – the RMO framework.

Clearing & Post-Trade

CSDC Consults on Draft Clearing, Settlement Rules

By Editors | 16/08/2019

The rules cover financial resources management and multilateral netting, specifying how the CSDC will handle defaults from settlement participants.

Anti-Money Laundering

Hong Kong Banks Under Scrutiny for Chinese Lending – Report

By Manesh Samtani | 16/08/2019

The HKMA has reportedly been investigating several Hong Kong lenders for financing large scale overseas asset purchases by Chinese conglomerates.

Market Risk

APRA Consults on Adjusted Schedule for Initial Margin Rules

By Editors | 15/08/2019

APRA is consulting on changes to the implementation schedule for initial margin requirements in Australia, in line with the one-year phased extension granted by BCBS and IOSCO last month.

Capital Adequacy

APRA Orders Allianz to Raise Capital Level by A$250m

By Editors | 15/08/2019

APRA wants to send a message to the insurance and super sectors that it expects the same high standards of risk management, including for non-financial risks, as it does for banks.