Prudential Risk

Operational Risk

ASIC Details Areas for Improvements in ASX Governance

By Editors | 18/09/2018

The ASX Group has undertaken an extensive work programme aimed at improving technology governance and operational risk management.

Capital Adequacy

Capital Regime a Key Impediment to Accessing Central Clearing

By Manesh Samtani | 13/09/2018

FIA, IFF and GFMA said in a consultative response that the current capital regime overstates the risks of client clearing and raises the costs of providing client clearing services.

Credit Risk

China Boosts Oversight over Domestic Ratings Agencies

By Manesh Samtani | 13/09/2018

PBOC, CSRC and NAFMII will collaborate on unified regulations and processes for ratings in the interbank and exchange-traded bond markets.

Emerging Prudential Risks

DTCC Identifies Post-GFC Opportunities to Enhance Financial Stability

By Manesh Samtani | 13/09/2018

Ten years after Lehman Brothers became insolvent, additional work is needed to fully address financial system vulnerabilities, while at the same time new risks have emerged.

Credit Risk

CBIRC Fines Reach Unprecedented Levels in Financial Deleveraging Campaign

By Garima Chitkara | 12/09/2018

The regulator has levied fines of over 4 billion yuan in the past 20 months, four times the 1 billion yuan in fines it levied in the previous 14 years.

Trading & Investment

SFC Proposal to Restrict Margin Lending Threatens Brokers’ Survival – Report

By Garima Chitkara | 11/09/2018

LegCo member Christopher Cheung met with SFC chairman Carlson Tong to represent broker concerns on potential margin lending restrictions.

Credit Risk

China Scraps Ceiling on Banks Investing in Local Govt Bonds

By Editors | 06/09/2018

A 20% ceiling was introduced in 2012 to prevent banks from buying up bonds issued by their own underwriting departments; banks can now buy any portion of a bond sale that is not fully subscribed.

Credit Risk

ASIC Releases New Rules on Responsible Credit Card Lending

By Manesh Samtani | 06/09/2018

Credit card providers will need to assess the suitability of new cards and credit limit increases based on consumers’ ability to repay in full within a three year period.

Credit Risk

Westpac to Pay Record A$35mn for ‘Responsible Lending’ Breach

By Manesh Samtani | 05/09/2018

Westpac Bank’s automated credit assessment system approved 10,500 home loans between 2011 and 2015 which should not have been automatically approved; the system has since been upgraded.