Capital / Liquidity

Capital / Liquidity

New Zealand Passes Bill to Enhance Depositor Protections

By Editors | 30/06/2023

The new deposit protection scheme will commence by late 2024, guaranteeing up to NZ$100,000 per depositor, per institution.

Enforcement

UK: Financial Services and Markets Act Receives Royal Assent

By Editors | 29/06/2023

The Act sets a path to reform Solvency II, gives the FCA regulatory powers over crypto, and provides stronger protections for victims of APP fraud.

Capital / Liquidity

Korea Considers Increasing Deposit Insurance Limit

By Editors | 28/06/2023

FIs are opposed to the move as it would raise the premium rates they pay for deposit insurance. Regulators say the impact should be “carefully examined”.

Capital / Liquidity

MAS Proposes Increasing Deposit Insurance Coverage

By Karen Ng | 28/06/2023

MAS says the proposed increase in deposit insurance coverage will allow the proportion of insured depositors to keep up with deposit growth.

Capital / Liquidity

EU Reaches Provisional Agreement on Basel III Implementation

By Manesh Samtani | 28/06/2023

Elements of the final Basel III reforms would be phased in starting in January 2025, two years after the globally agreed deadline.

Capital / Liquidity

APRA Imposes Capital Charge on Medibank Over 2022 Hack

By Sanday Chongo Kabange | 27/06/2023

APRA has decided to increase Medibank’s capital adequacy requirement for operational risk by A$250mn.

Capital / Liquidity

HKMA Proposes to Restructure Three-Tier Banking System

By Manesh Samtani | 27/06/2023

Hong Kong’s 12 remaining deposit-taking companies would need to upgrade into licensed banks or restricted licence banks and meet higher capital requirements.

Capital / Liquidity

IAIS Launches Final Consultation on New Insurance Capital Standard

By Editors | 26/06/2023

The IAIS issued its fourth and final public consultation on the ICS ahead of its planned adoption at the end of 2024.

Big Picture

SNB Calls for Regulatory Changes to Prevent Future Banking Crises

By Mark Johnston | 23/06/2023

The SNB says Credit Suisse AT1 bonds should have been wiped out earlier, and that a review of the too-big-to-fail framework is needed.