Australian banks are more resilient following post-GFC reforms. But changes to address culture and conduct issues will increase resilience further, says RBA asst governor Michele Bullock.
October 31, 2018PBOC and MOF have issued guidelines clarifying the requirements for foreign governments and institutions issuing interbank bonds in China.
September 27, 2018LegCo member Christopher Cheung met with SFC chairman Carlson Tong to represent broker concerns on potential margin lending restrictions.
September 11, 2018New York State Department of Financial Services to conduct inspections at South Korean bank branches for compliance with AML regulations.
May 23, 2018The Fundamental Review of the Trading Book was supposed to redefine how banks collectively manage risks. Yet, risk can still be a ‘ghost in the machine’.
May 14, 2018Prudential inquiry reveals widespread complacency, inadequate risk management, unclear executive level accountabilities, among other failings at the bank.
May 3, 2018Australia’s Financial Stability Review says risks easing, financial system resilient; but dangers remain on household debt, weak risk control and poor culture at banks.
April 17, 2018In light of recent NPA and governance issues at large private banks in India, S&P says Indian banks need an overhaul to enhance risk culture and governance.
April 16, 2018RBI fines state-owned lender IDBI Bank INR30 million for non-compliance with bad loan recognition and provisioning norms; ruling will not have a material impact on the bank, said IDBI.
April 13, 2018Asia Commercial Bank shows improvement since imprisonment of former vice chairman for fraud, tax evasion and illegal trade.
April 9, 2018