Under the RBNZ's 'very severe' stress test scenario, banks would fall below minimum regulatory capital, requiring "significant recovery responses" to avoid resolution options.
WFE members are continuously investing resources and technology to enhance their capabilities under the philosophy that it is not a question of ‘if’ they experience a cyber incident but when.
Korea's GDP shrank 1.4% year-on-year from January to March period, its biggest quarterly decline since the 2008 global financial crisis.
The fund manager concealed his beneficial interests, direct control and trading activities in securities accounts held at an external brokerage.
The principles include selection due diligence, information security, confidentiality issues, outsourcing risk concentration, and access to data, among others.
The SSE is considering using free float rather than total outstanding shares to calculate a company’s market value for the index, which would reduce the weightings of SOEs.
Market expectations of bank capital levels and the knowledge that capital will eventually need to be rebuilt make it difficult for banks to dip into their buffers.
The move could impact Hong Kong's special trade status under US law, lead to sanctions against officials, and trigger a downgrade of the city's credit rating.
UOB and Element AI will develop fairness metrics for credit risk scoring; HSBC, IAG Firemark Labs and Gradient Institute will develop fairness metrics for customer marketing.
In a welcome speech for Online Korea Fintech Week, FSC chairman Eun Sung-soo said the regulator will pursue innovation based on three main pillars.