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Conduct, Culture & Accountability
Regulatory Trends: Behavioural Science in Culture & Conduct Supervision
By Stephen Scott | 15/08/2019
Regulators are adopting behavioural science tools pioneered by the Dutch central bank in their supervisory efforts, and firms are taking notice, says Stephen Scott at Starling.
Credit Risk
RBNZ Publishes New Data Series for Measuring Mortgage Risk
By Editors | 14/08/2019
The release of the new debt-to-income data comes as the government considers including it as an additional tool in the RBNZ’s macro-prudential toolkit.
Credit Risk
RBI Props Up NBFCs Through On-Lending Guidance
By Editors | 14/08/2019
Banks are mandated to lend a portion of their funds to priority sectors. Allowing NBFCs to serve as middlemen for such lending provides them a liquidity backstop.
Credit Risk
ASIC Ordered to Pay Westpac Costs in Case Dismissal
By Manesh Samtani | 14/08/2019
In September, Westpac admitted to breaching responsible lending laws and agreed to a A$35mn settlement with ASIC. The settlement was rejected and the case has been dismissed.
Supervision & Enforcement
CBIRC Fines WeBank $285m for Multiple Lending Violations
By Editors | 14/08/2019
An inspection last year found that some employees at the digital bank used consumer loans to invest in stock and futures trading.
Market Risk
BSP Issues Guidelines for Banks on Managing IRRBB
By Editors | 14/08/2019
Covered supervised institutions have until 1 January 2021 to develop or revise their policies and procedures in accordance with the guidelines.
Credit Risk
APAC Not Fully Meeting IFRS 9 Disclosure Objective: Moody’s
By Editors | 12/08/2019
Significant variations in reporting practices in some cases do not meet the disclosure objective of IFRS 9, Moody’s says, describing HSBC Hong Kong and Hang Seng Bank as best in class.
Resolution & Recovery
China Intervenes to Support a Third Troubled Bank
By Editors | 12/08/2019
China’s sovereign wealth fund and the Shandong provincial government will invest in Hengfeng Bank, which failed to disclose its financial statements for two straight years.
Credit Risk
RBI Cuts Consumer Credit Risk Weight, Offers Boost to NBFCs
By Editors | 09/08/2019
The RBI will increase bank exposure limits for NBFCs, allow on-lending to priority sectors, and enable near-real-time tracking of payments fraud through the creation of a centralised registry.
Operational Risk
CSRC Imposes Six-Month Business Restriction on GF Securities
By Editors | 09/08/2019
The CSRC cited risk management and control deficiencies as reasons for the restrictions, after a hedge fund set up by the broker reported losses of $139mn for 2018.
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