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Conduct, Culture & Accountability
APRA Publishes Findings From Big Banks’ BEAR Implementation Review
11/12/2020
CBA had the most developed approach to implement the BEAR, benefitting from the execution of its remedial action plan associated with the Prudential Inquiry.
Capital Adequacy
APRA Lowers Allianz Capital Charge to Reflect Better Risk Governance
10/12/2020
In recognition of progress to address risk governance issues, APRA has reduced Allianz’s additional capital requirement from A$250mn to A$150mn.
Liquidity Risk
APRA Finalises Updates to Bank Liquidity Reporting Rules
10/12/2020
APRA has extended the due dates for a number of quarterly reporting forms by 7 calendar days, in line with a November 2019 consultation.
Supervision & Enforcement
APAC Overtook US in AML Penalties For 2020: Fenergo
10/12/2020
APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.
Capital Adequacy
Big Banks Were Progressing on Basel III Agenda Prior to Covid
10/12/2020
Under full phase-in of the final Basel III standards, the capital shortfalls at Group 1 banks were €10.7bn based on end-December 2019 data, compared with €16.6bn at end-June 2019.
Tokenisation
Philippines: UnionBank, StanChart Complete Bond Tokenisation POC
10/12/2020
A dual tranche issuance totalling PHP 9 billion was mirrored on a bond tokenisation platform co-created by UnionBank and SC Ventures.
Reporting & Disclosures
ICMA Announces Launch of Climate Transition Finance Handbook
10/12/2020
The handbook provides clear guidelines on the disclosures on their climate change strategy issuers should make when raising funds in debt capital markets.
Cloud & Infrastructure
Global LEI Foundation to Develop ‘Cryptographically Verifiable LEIs’
10/12/2020
The ‘vLEI’ will create a cryptographically secure chain of trust that replaces manual processes required to access and confirm an entity’s LEI data.
Capital Adequacy
APRA’s Revised Capital Rules Could Promote Competition: Fitch
10/12/2020
The proposals could improve the competitive position of standardised banks relative to advanced banks, particularly in relation to residential mortgage portfolios.
Capital Adequacy
BNM Finalises Transitional Arrangements for ECL Accounting
10/12/2020
Financial institutions can add back a portion of their Stage 1 and Stage 2 provisions for ECL to Tier 1 capital over a four or three year period.
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