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Big Picture
BIS Paper Proposes Solutions To Ease Cross-Border Payment Hurdles
By Ranamita Chakraborty | 25/07/2023
New working paper suggests setting up a global clearinghouse or digital money marketplace could boost cross-border payments.

Capital / Liquidity
UBS Penalised $388m Over Credit Suisse’s Archegos Failings
By Editors | 25/07/2023
US, UK, and Swiss regulators took coordinated action to punish the “unsafe and unsound” risk management practices at Credit Suisse.

Capital / Liquidity
EBA Initiates Consultation on Climate Risk Data Collection
By Editors | 24/07/2023
EBA initiates climate data consultation with EU banks for Fit-for-55 climate risk analysis in collaboration with ESAs, ECB, and ESRB.

Capital / Liquidity
Sri Lanka Approves New Central Bank Act
By Duruthu E Chandrasekera | 24/07/2023
A separate governing board will be formed in addition to the monetary policy board to improve bank oversight and reduce conflicts of interest.

Capital / Liquidity
SEBI Proposes Prudential Norms for Clearing Corporations’ Exposure
By Ranamita Chakraborty | 24/07/2023
India’s securities regulator is looking to protect clearing corporations through prudential regulations to limit their concentration risk.

Capital / Liquidity
APRA Finalises Guidance on Super Fund Investment Governance
By Editors | 23/07/2023
The guidance covers liquidity management, stress testing, valuation practices, and ESG expectations.

Capital / Liquidity
FSS Korea Cautions Securities Firms Against Real Estate-related Risks
By Mark Johnston | 21/07/2023
The financial watchdog met with local securities firms to assess and manage real estate-related risks amid concerns of rising overdue loans.

Capital / Liquidity
PBOC Raises Macroprudential Cap on Overseas Borrowing
By Editors | 21/07/2023
The higher cap, applicable to both financial and nonfinancial businesses, is expected to encourage more capital inflows and provide support to the yuan.

Capital / Liquidity
European Parliament Advances ESG Update to Solvency II
By ESG Investor | 21/07/2023
The position to update Solvency II includes provisions for transition planning aligned to CSRD and explicit integration of ESG risks into insurers’ risk management processes.

Capital / Liquidity
Deposit Caps Raised for Singapore Digital Banks GXS, Maribank
By Editors | 19/07/2023
Grab’s GXS Bank and Sea’s Maribank have both increased the maximum deposit allowed in savings accounts from S$5,000 to S$75,000.
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