This week's risk management news includes BI's additional guidelines on wealth management services, Federal Reserve's mortgage repayment rule, and Barclay's and HFR platform's risk management.
May 18, 2011 | The Asian Banker Editor
BI to set rules to help banks handle premium clients
Indonesia’s central bank has announced plans to provide additional guidance for lenders catering to the wealthy. New regulations will strengthen risk management and internal controls for premium accounts as wealth management services soar in the country.
Federal Reserve proposes rule pertaining to a consumer’s ability to repay a mortgage and minimum mortgage underwriting standards
The Federal Reserve Board has requested public comment on a proposed rule, applicable to all consumer mortgages, under Regulation Z that would require creditors to determine a consumer's ability to repay a mortgage before making the loan and would establish minimum mortgage underwriting standards.
Barclays Capital and HFR Asset Management launch new managed accounts relationship
Barclays Capital and HFR Asset Management have launched a new managed accounts relationship which will enable Barclays clients to benefit from risk management and financing solutions offered via managed accounts on the HFR platform.
Re-disseminated by The Asian Banker
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Risk And Regulation Working GroupKeywords:Bank Indonesia, Barclays, Federal Reserve