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Climate Risk
PwC Offers ESG Risk Management Recommendations for Banks
By Manesh Samtani | 09/03/2021
Banks need to adopt training and change management programmes to ensure employees embrace ESG risk management as a requirement and discipline.
Credit Risk
BSP Issues Draft Guidelines on New ‘Bad Bank’ Law
By Ranamita Chakraborty | 09/03/2021
Banks can stagger the booking of losses from the discounted sale of NPAs to FIST corporations over five years, provided proper disclosures are made.
Structural Regulation
Indonesia Stock Exchange Considers Allowing SPAC Listings
By Editors | 08/03/2021
IDX’s decision has reportedly prompted concerns about governance, investor protection and inflated valuations for early-stage companies.
Operational Risk
BSP Relaxes Reporting Requirements for Financial Institutions
By Editors | 07/03/2021
The BSP is reducing reporting requirements related to the borrowings of directors, officers, stockholders and their related interests.
Emerging Prudential Risks
BSP Issues Guidance on Reporting of LIBOR Exposures
By Manesh Samtani | 05/03/2021
Banks are required to report on all derivatives, as well as assets and liabilities that are interest-bearing, even where there is no LIBOR or PHIREF exposure.
Anti-Money Laundering
Singapore Banks Asked to Monitor Myanmar Fund Flows
By Manesh Samtani | 05/03/2021
MAS is concerned about financial crime risk. New cash withdrawal limits have been imposed in Myanmar. A military-owned bank has suspended operations.
Trading & Investment
BSEC Prepares Draft Rules for Stock Stabilisation Fund
By Ranamita Chakraborty | 04/03/2021
The fund will be set up using unclaimed cash and stock dividends and be used to help stabilise the capital market.
Cloud & Infrastructure
ASIFMA Calls for Harmonised Approach to Public Cloud Regulation
By Editors | 02/03/2021
Varying regulatory approaches across jurisdictions pose significant challenges to FIs trying to implement the public cloud as part of their global strategy.
Clearing & Post-Trade
FSB Urges Indonesia to Further Advance OTC Derivatives Reforms
By Editors | 02/03/2021
Indonesia needs to address legal uncertainties relating to netting for derivatives transactions in bankruptcy to facilitate central clearing and margin requirements.
Credit Risk
Bangladesh Bank Revises Credit Risk Rating System
By Sanday Chongo Kabange | 01/03/2021
Bangladesh Bank has directed lenders to consider either 2019 or 2020 audited financial statements when determining borrowers’ credit risk ratings for 2021.
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