Resolution & Recovery

Indonesia Gives Deposit Insurer Powers to Prevent Bank Failures

19/07/2020

The Indonesia Deposit Insurance Corporation can now raise its own funding and provide temporary liquidity support to banks outside of resolution.

Cloud & Infrastructure

Korea Credit Bureau to Integrate Pension Payments in Credit Scores

19/07/2020

Pension contributions data will be converged with KCB credit data using homomorphic encryption, technology which allows data analysis to be performed on encrypted data stored at different institutions.

Capital Adequacy

CBIRC Approves State-backed Bailout of Bank of Gansu

19/07/2020

The CBIRC has approved the issuance of new shares to help Bank of Gansu raise its core tier 1 capital. Four state-owned companies will subscribe to the new shares.

CBDCs

BOT Enters Third Phase of CBDC Development

19/07/2020

The BOT is planning to expand CBDC use among large businesses and, in September, to transactions with the HKMA.

Alternative Markets

KOFIA Chair Vows to Restore Trust in Hedge Fund Industry

17/07/2020

KOFIA will prevent moral hazard in the hedge fund industry by providing consulting services and strengthening the role of prime brokers, intermediaries and fund managers in monitoring efforts.

Clearing & Post-Trade

Optimising the Libor Switch with Portfolio Compression

17/07/2020

TriOptima’s multilateral approach to portfolio compression is helping the sell-side and buy-side alike to reduce Libor risk, optimise capital, and enhance operational efficiency.

Credit Risk

MAS Planning Ahead to Avoid ‘Cliff Effect’ of Relief Withdrawal

16/07/2020

“Bank loans and insurance policy premiums will eventually have to be paid,” MAS’ Ravi Menon said, pointing to a need to avoid the ‘cliff effects’ of sudden relief withdrawal.

Structural Regulation

Australia Mulls Measures to Establish Regional Financial Hub

16/07/2020

Australian Senator Andrew Bragg wrote to Treasurer Josh Frydenberg suggesting reforms to capitalise on Hong Kong’s recent political changes.

Alternative Markets

UPDATED – China: State Council Releases Insurers from Equity Investment Limits

16/07/2020

A State Council decision paves the way for the implementation of CBIRC rules drafted in 2018 that would remove most limits on the equity sectors in which insurers can invest.