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Crypto / Digital Assets
US SEC Accounting Guidance Disrupts Banks Crypto Projects
By Mark Johnston | 24/09/2022
Accounting guidance issued in March has reportedly forced US listed banks that were building out crypto offerings to suspend their plans.
Capital / Liquidity
Australia: Bond Losses Wipe Out Central Bank’s Equity
By Editors | 22/09/2022
An accounting loss of A$36.7bn depleted the RBA’s reserve funds and left it with a negative net equity position of A$12.4bn.
Fintech / Regtech
BSP Tightens Prudential Requirements for Digital Banks
By Editors | 21/09/2022
Digital banks must meet the same Basel III capital, liquidity and leverage requirements applicable to universal and commercial banks.
Capital / Liquidity
RBI Removes Restrictions on Central Bank of India
By Editors | 21/09/2022
The bank is no longer in breach of the PCA parameters based on figures for the year ended 31 March 2022, the RBI said.
Capital / Liquidity
Basel III to Have Muted Capital Impact in APAC: Fitch
By Editors | 19/09/2022
The impact of the final rules will be much lower in APAC than in Europe and the US because APAC jurisdictions rely less on internal models, Fitch says.
AML / KYC
Puerto Rico Authority Agrees on Liquidation of Euro Pacific Bank
By Editors | 17/09/2022
Euro Pacific Bank customers will recoup 100 percent of their deposits. Several hundred investigations are still underway globally over whether the bank was used for tax evasion.
Capital / Liquidity
Vietnam: SBV Grants Banks Additional Credit Growth Quotas
By Editors | 17/09/2022
Vietcombank and Agribank were among those granted higher credit growth rate quotas, amid growing calls for the mechanism to be scrapped altogether.
Capital / Liquidity
APRA Proposes to Update Guidance on Contingent Liquidity
By Editors | 17/09/2022
APRA will reduce the level of self-securitised assets banks must hold as contingent liquidity, provided they can increase these levels quickly if stress conditions emerge.
Capital / Liquidity
BCBS Advances Work to Ensure Banking System Resilience
By Editors | 15/09/2022
The BCBS agreed to continue assessing bank use of AI/machine learning, finalise a crypto framework by year-end, and develop measures to address climate risks.
Capital / Liquidity
FSB Seeks Feedback on Information Gathering Framework
By Editors | 14/09/2022
The FSB is seeking stakeholder input to inform the revision of its framework for gathering information from FMI Intermediaries to support resolution planning.
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