Coronavirus-related disruptions will weaken the operating environment and weigh on asset quality, despite policy measures to help mitigate the effects on banks.
Banks have also agreed to not redeem non-CET1 capital instruments, while the RBNZ works to launch a new 3-year funding scheme by May.
Last year was the second-biggest year on record for fines against financial institutions for AML and sanctions violations, according to a new report from Fenergo.
Existing small finance banks will not need prior RBI approval to undertake non-risk sharing simple financial service activities or open banking outlets in unbanked rural centres.
DBS, HSBC, ICBC, Dah Sing Bank and Wing Hang Bank were defrauded of about HK$47.5mn in loans and banking facilities.
All lenders are barred from charging interest, penalties, fees, or other charges on all loans to individuals, households, MSMEs and corporate borrowers during Luzon's enhanced community quarantine.
BlackRock and Neuberger Berman applications to set up wholly-owned mutual fund units were accepted on the first day foreign ownership caps were scrapped in China.
The agencies are standardising quarterly reporting due dates, deferring two reporting initiatives, and introducing a new reporting standard for SME lending.
Business loans under a new NZ$6.25bn scheme will be supported by a government guarantee on 80% of the loan amount.
The RBI has fully opened certain categories of government securities to non-resident investors and raised the FPI limit for investment in corporate bonds.