Prudential Risk

Resolution & Recovery

FSB Asia Members Consider Financial System Vulnerabilities

By JP Reimann | 13/05/2018

Members discussed bank resolution regimes, the use of tech to mitigate AML/CTF risk, governance frameworks to reduce misconduct.

Capital Adequacy

S.Korea to Tighten Supervision on Financial Conglomerates

By Manesh Samtani | 11/05/2018

Tighter regulations will apply to financial affiliates of five major conglomerates Samsung, Hyundai Motor, Hanwha, Lotte and DB, as well as affiliates of Kyobo Life Insurance and Mirae Asset Daewoo.

Supervision & Enforcement

China Fines Three Banks a Combined CNY180 million

By Editors | 10/05/2018

China’s banking and insurance regulator has imposed fines on China Merchants Bank, Shanghai Pudong Development Bank and Industrial Bank for various violations.

Credit Risk

Hong Kong Issues Guidelines on Technology Use in Personal Lending

By Garima Chitkara | 10/05/2018

Banks now allowed to use big data technology and consumer behavioural analytics to assess credit risks for personal lending portfolios.

Emerging Prudential Risks

China May Impose New Rules on Financial Holding Companies – Report

By Manesh Samtani | 09/05/2018

Companies like Ant Financial, Citic Group and China Everbright Group may for the first time be required to obtain licences and meet capital requirements, reported Bloomberg.

Cloud & Infrastructure

Fintech a Key Enabler for Financial Firms – DTCC

By Manesh Samtani | 07/05/2018

Markets safer and more resilient 10 years post-GFC, but regulatory complexities and rapidly-changing risk landscapes persist as challenges to the industry.

Structural Regulation

UPDATED – APRA Grants First ‘Restricted ADI’ License Under New Framework

By JP Reimann | 07/05/2018

Newly released restricted ADI licencing framework allows entities to conduct a limited range of activities for two years before fully meeting regulatory requirements.

Clearing & Post-Trade

CCPs Failing on Risk Management, Recovery Planning – IOSCO

By Garima Chitkara | 07/05/2018

Latest report on implementation of IOSCO’s Principles of Financial Market Infrastructures raises concerns about the speed of progress for CCPs putting in place risk management and recovery planning measures.

Operational Risk

Philippines to Implement New Credit Card Law

By Garima Chitkara | 07/05/2018

New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.