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Structural Regulation
FSB, IOSCO Issue Complementary Reports on Market Fragmentation
By Manesh Samtani | 06/06/2019
The FSB and IOSCO have separately published reports on market fragmentation as they seek to minimise its adverse effects on financial stability and market efficiency.
Resolution & Recovery
FSB Consults on Measures to Improve G-SIB Resolvability
By Editors | 05/06/2019
Two discussion paper have been issued, one on public disclosures of information on resolution planning and resolvability, the other on winding down large derivatives portfolios.
Credit Risk
UPDATED – RBI Bans EY Member Firm from Auditing Banks
By Editors | 05/06/2019
Reports indicate the RBI had found large discrepancies in bad debt reported by banks for the 2015-2016 period, particularly in the cases of Axis Bank and YES Bank.
Credit Risk
‘Loan Inconsistencies’ Prompt EY Resignation as Chinese Bank Auditor
By Editors | 04/06/2019
The resignation of EY as the auditor of Bank of Jinzhou comes as questions are being raised about the health of China’s small and mid-size lenders.
Credit Risk
RBI Amends Large Exposures Framework for Banks
By Editors | 04/06/2019
The modified framework excludes all entities connected with the sovereign from definition of group of connected counterparties, such as exposures to or guaranteed by government.
Credit Risk
S. Korea Tightens Lending Standards in Non-Bank Sector
By Editors | 03/06/2019
The FSC will extend the debt service ratio to include non-bank financial institutions in a bid to rein in household debt.
Clearing & Post-Trade
Industry Body Publishes Best Practices Paper for CCPs
By Editors | 03/06/2019
Global association CCP12 says in a new paper that a ‘one-size-fits all’ approach to CCPs is inappropriate, and it is critical to recognise jurisdictional differences.
Capital Adequacy
Singapore Banks Well Positioned for Final Basel III Rules
By Manesh Samtani | 02/06/2019
Moody’s says Singapore performs better than other banking systems in a high stress scenario. The new report also looks at banks’ digitisation push.
Resolution & Recovery
PBOC Sets Up AMC to Manage Deposit Insurance Fund
By Editors | 31/05/2019
The PBOC has reportedly established an independent entity to manage the deposit insurance fund, which was set up in 2015 and has so far accumulated 100 billion yuan.
Model Risk
SFC Warns Credit Rating Agencies of Model Risk
By Garima Chitkara | 30/05/2019
The SFC highlighted insufficient validation of credit rating models, inconsistencies between models and methodology, and inadequate validation of third-party models.
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