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Capital / Liquidity
Stress Tests Reinforce Need for More Bank Capital: RBNZ
By Manesh Samtani | 19/09/2020
While all banks will be able to continue lending in a ‘pessimistic baseline’ scenario, capital would fall under regulatory minimums in a ‘very severe’ scenario.
Big Picture
Firms Lagging in Preparations for UMR Compliance: Survey
By Manesh Samtani | 19/09/2020
State Street found that 19% of Phase 5 and 6 firms are fully prepared for UMR compliance. Hedge funds are said to be the least prepared for compliance.
Capital / Liquidity
Taiwan FSC Fines Shin Kong Life for Endangering Solvency
By Editors | 17/09/2020
The FSC has also suspended the Shin Kong Life’s chairman, who was responsible for the investment decisions that threatened the insurer’s financial strength.
Capital / Liquidity
APRA Proposes Updates to Bank Liquidity Reporting Requirements
By Editors | 17/09/2020
APRA has identified areas where reporting instructions can be clarified to facilitate the provision of timely information on bank liquidity risk.
Capital / Liquidity
Korean Financial Groups to Start Publishing Integrated Disclosures
By Editors | 16/09/2020
Samsung, Mirae Asset, Hanwha, Hyundai Motor, Kyobo and DB will start publishing group-wide integrated disclosures from end-September.
Capital / Liquidity
RBI Orders Banks to Automate Asset Classification, Provisioning
By Editors | 16/09/2020
The RBI has given banks until 30 June 2021 to upgrade their systems to automate all asset classification, provisioning calculation and income recognition processes.
Capital / Liquidity
ISDA, CCDC to Promote Global Use of China Bonds as Collateral
By Editors | 15/09/2020
ISDA and the CCDC will soon publish research making the case for yuan-denominated bonds to be used internationally as collateral.
Capital / Liquidity
PBOC Publishes Final Rules for Financial Holding Companies
By Editors | 14/09/2020
Existing groups that meet the requirements have 12 months to apply to the PBOC for establishment and licensing, with at least CNY 5 billion in registered capital.
Capital / Liquidity
HKMA Published Revised SPM on Non-Cleared OTC Derivatives
By Editors | 14/09/2020
Banks currently in scope of the margin requirements and risk mitigation standards have until 1 September 2021 to comply wth the revised supervisory policy manual.
Capital / Liquidity
Sri Lanka Eases Shareholder Limits on Commercial Banks
By Duruthu E Chandrasekera | 14/09/2020
Multilateral agencies such as the World Bank and IFC can hold up to 20% of a commercial bank. Other firms or institutions can hold up to 15%.
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