Page 45 - 期貨和衍生品行業監管動態（2024年9月刊）

期貨和衍生品行業監管動態

Against the backdrop of these risks and vulnerabilities, the Joint Committee of

the ESAs advises national competent authorities, financial institutions and market

participants to take the following policy actions:

? financial institutions and supervisors should remain prepared to face the

impacts of continued high interest rates on the real economy;

? credit risk should continue to be monitored and carefully managed as its

potential materialisation remains a concern. This underlines the need for

adequate provisioning levels and forward-looking provisioning policies,

while maintaining prudent and up-to-date collateral valuation;

? financial institutions need to be flexible and agile and have proper plans and

processes in place to address unexpected short-term multi-fold challenges;

? financial institutions and supervisors should remain vigilant regarding the

impact of inflation on product development.

? financial institutions and supervisors should remain vigilant to operational

and financial stability risks that could arise from cyber-risks, as exemplified

by the global IT disruption in July from the failed software update of a

widely used cybersecurity company.

https://www.esma.europa.eu/press-news/esma-news/esas-warn-risks-economic-and-ge

opolitical-events

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