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AML / KYC
ISDA AGM Highlights Global Scrutiny of Crypto Sector
By Manesh Samtani | 14/05/2022
Senior officials from the FSB, Basel Committee, US SEC, and CFTC spoke at ISDA’s AGM about the need for more regulation in the crypto sector.
Capital / Liquidity
CBSL Direct Banks to Halt Dividends as Sri Lanka Crisis Ensues
By Duruthu E Chandrasekera | 13/05/2022
Sri Lanka has appointed a new prime minister after protests turned violent. Banks are told to suspend discretionary payments through the “prevailing macroeconomic tumult”
Capital / Liquidity
BSP Issues Guidelines on Strengthening Rural Bank Competitiveness
By Editors | 11/05/2022
The guidelines set out options to strengthen the rural banking sector, including through mergers, acquisitions or third party investment.
Capital / Liquidity
FSC Korea Directs Banks to Strengthen Capital, Risk Management
By Editors | 11/05/2022
Banks are asked to strengthen loss absorption capacity, FX liquidity management, credit risk monitoring and bad debt provisioning.
Capital / Liquidity
RBI Surprises Market with Interest Rate Hike
By Editors | 06/05/2022
The RBI also increased the cash reserve ratio, the percentage of cash that banks need to keep in reserve against their total deposits.
Capital / Liquidity
Hong Kong Banks Barred from Suing Defaulting Landlords
By Manesh Samtani | 05/05/2022
For 3 months, lenders may not take action against landlords who default on secured loans as a result of a rental enforcement moratorium being imposed in Hong Kong.
Capital / Liquidity
ISDA to Recognise China as Clean Netting Jurisdiction
By Editors | 04/05/2022
ISDA plans to publish a legal opinion recognising China as a jurisdiction in which close-out netting can be applied, paving the way for a more diversified onshore derivatives transactions.
Capital / Liquidity
PBOC, CBIRC Issue Rules to Improve G-SIB Loss-absorbing Capacity
By Editors | 03/05/2022
The notice is aimed at facilitating the issuance of non-capital bonds with loss-absorbing capacity by Chinese D-SIBs.
Capital / Liquidity
RBI Updates LCR Guidance for Commercial Banks
By Editors | 30/04/2022
Banks can include government securities worth up to 16 percent of their NDTL in their LCR calculations, compared to 15 percent under earlier guidance.
Capital / Liquidity
Bangladesh Banks Warned Against Overly Generous Interest Waivers
By Editors | 29/04/2022
The central bank says some banks are waiving interest on loans too generously, a practice which could lead clients to lose interest in timely repayment.
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