Structural Regulation

RBI Expands Trade Reporting Requirements to Include FX Spot Deals

12/11/2024

The new reporting requirements are aimed at ensuring the RBI has a more complete view of the FX market for monitoring and regulatory purposes.

Structural Regulation

BIS Announces Pablo Hernández de Cos as Next General Manager

12/11/2024

Pablo Hernández de Cos, the former Governor of the Bank of Spain, will take over from Agustín Carstens starting 1 July 2025.

Emerging Prudential Risks

Levies for NZ’s Depositor Compensation Scheme to be ‘Risk-based’

12/11/2024

New Zealand’s four largest banks will pay about three-quarters of the total levies collected to fund the Depositor Compensation Scheme.

Trading & Investment

Taiwan FSC to Relax Rule on Discretionary Investment Accounts

12/11/2024

The proposed amendment removes a rule that limits the discretionary investment services that local investment firms can provide.

Structural Regulation

RBI Issues Framework for Reclassifying FPI Investment as FDI

11/11/2024

The framework sets out a process for FPIs that breach the 10% ownership limit and wish to convert their stakes in Indian companies to FDI.

PEPs & Sanctions

Chinese SOE Sinosure Refusing to Insure Exports to Russia – Report

11/11/2024

Sinosure has reportedly begun to refuse to insure exports of certain goods to Russia, with some Chinese suppliers being blacklisted.

Credit Risk

China Approves Debt Swap Plan to Address LGFV Debt

11/11/2024

The CNY 10 trillion plan is not expected to directly impact economic growth as it doesn’t include measures to incentivise consumption or stimulate the property market.

Capital Adequacy

ECB May Impose Capital Charge on Banks With Excess Russia Exposure

11/11/2024

The ECB is considering adjusting capital requirements for Raiffeisen Bank International and UniCredit to account for Russia-related risks.

Conduct, Culture & Accountability

HKMA Mandates Cooling-off Period for Unsecured Consumer Credit

11/11/2024

Retail banks including digital banks have until end-June 2025 to implement at least a 7-day cooling-off period for all unsecured consumer credit products.