Capital / Liquidity

Crypto / Digital Assets

HKMA Intends to Implement BCBS Cryptoasset Standards

By Editors | 22/12/2022

The HKMA plans to implement the Basel standards on the treatment of cryptoasset exposures locally by 1 January 2025, in accordance with the BCBS timetable.

Capital / Liquidity

RBI Directs Banks to Improve Financial Statement Disclosures

By Editors | 22/12/2022

The RBI has asked banks to disclose more information when “Other Liabilities and Provisions” and “Other Assets” items exceed 1% of total assets.

Capital / Liquidity

Korean Banks to Resume Bond Issuance as Markets Stabilise

By Mark Johnston | 22/12/2022

South Korea’s corporate bond market is showing signs of recovery, prompting banks to resume bond issuance to replace maturing debt.

Crypto / Digital Assets

Audit Firms Are Exiting Relationships with Crypto Clients

By Mark Johnston | 21/12/2022

Mazars and Armanino have stopped serving clients in the crypto sector. BDO is reconsidering its approach to the sector.

Capital / Liquidity

US Regulators Identify Flaws in Resolution Plans of Two Major Banks

By Editors | 20/12/2022

Credit Suisse’s resolution plan had two deficiencies relating to its cash flow forecasting capabilities and governance for its US operations. BNP Paribas had one shortcoming.

Capital / Liquidity

MAS to Defer Implementation of Final Basel III Reforms

By Editors | 20/12/2022

MAS said it will defer the implementation of the final Basel III reforms in Singapore, to between 1 January 2024 and 1 January 2025.

Capital / Liquidity

BNM Consults on Capital Requirements for CCP Exposures

By Editors | 19/12/2022

Proposed framework sets out requirements for managing risks arising from a financial institution’s exposures to CCPs in their capacity as a clearing member or a client of a clearing member.

Big Picture

Systemic Risk Scores in Global Insurance Sector Are Rising: IAIS

By Mark Johnston | 19/12/2022

Higher systemic risk scores are driven by increased exposures to illiquid and difficult-to-value assets, OTC derivatives, repo transactions and other factors.

Capital / Liquidity

Basel Rules for Cryptoassets to Take Effect in Jan 2025

By Manesh Samtani | 19/12/2022

1,250% risk weight not applicable to custodied assets. Infrastructure risk add-on no longer mandatory. Gross limit on total Group 2 exposures raised from 1% to 2%.