Prudential Risk

Credit Risk

Bangladesh Bank Approval of Three New Banks Draws Criticism

By Editors | 20/02/2019

Bangladesh’s decision to approve three new banks has drawn criticism, given the rising nonperforming loans and declining governance standards in the banking sector.

Capital Adequacy

RBI to Pay $3.9bn Interim Dividend to Government

By Editors | 19/02/2019

India’s central bank will pay a $3.9bn interim dividend to the government amid pressures to transfer its surplus reserves.

Credit Risk

CBIRC Drafts New Rules for Local Government AMCs – Report

By Editors | 19/02/2019

Many local government-run AMCs have not been focused on dealing with bad loans as intended due to a lack of clarity on their business scope.

Cybersecurity

SWIFT Publishes Counterparty Cybersecurity Risk Guide

By Editors | 19/02/2019

The guide assists organisations in incorporating their counterparties’ cybersecurity self-attestation data into their risk management frameworks and governance models.

Supervision & Enforcement

Philippines Expands Central Bank Supervisory Powers

By Editors | 18/02/2019

Amendments to the BSP’s charter will boost its capitalisation and extend its supervisory remit to all financial institutions in the country.

Structural Regulation

Big Four Auditors Face Parliamentary Scrutiny in Australia

By Editors | 18/02/2019

Amid an ongoing ACCC probe into the big four auditing firms, a parliamentary committee is asking for a review of the audit market to explore conflicts of interest and market dominance issues.

Credit Risk

China Launches Nationwide Investigation into Enterprise Bonds

By Editors | 15/02/2019

Following a record number of defaults in 2018, China’s state planning agency is launching an investigation into bonds issued by state owned-enterprises.

Capital Adequacy

RBNZ ‘Open-Minded’ on Bank Capital Requirements

By Manesh Samtani | 15/02/2019

KPMG’s John Kensington says the proposal to raise bank capital requirements could stress the lending market. RBNZ’s Adrian Orr defends the plan, but vows to remain “open-minded”.

Cloud & Infrastructure

BigTechs, Outsourced Services Pose Financial System Risk – FSB

By Manesh Samtani | 14/02/2019

The FSB warns that BigTechs can achieve scale in finance very quickly, raising competitive pressures on incumbents. Rising dependencies on third-party services also present risks.