CAPITAL / LIQUIDITY

Capital / Liquidity

BCBS Addresses Capital Requirements for “Crypto-Assets”

By Douglas Cheung | 23/12/2019

The BCBS consultation will likely give an indication of the banking industry’s mindset towards holding cryptoassets in the future, says Douglas Cheung at Wolters Kluwer.

Capital / Liquidity

China State Fund, UOB Among Investors to Rescue Hengfeng Bank

By Editors | 20/12/2019

A unit of China’s state fund, the Shandong government’s asset management arm, and UOB are among those that will invest in new shares to prop up troubled lender Hengfeng Bank.

Capital / Liquidity

ANZ Announces New Remediation Costs to ‘Fix’ 3.4m Customer Accounts

By Editors | 19/12/2019

At its AGM on Tuesday, ANZ announced an additional A$682mn charge for remediation work, where a total 3.4 million accounts “need fixing”.

Capital / Liquidity

HKMA Rebuts BOE Claim of Hong Kong Fund Outflows

By Manesh Samtani | 19/12/2019

The BOE said in its biannual Financial Stability Report that $5bn has left Hong Kong since April, but the HKMA says the figure does not represent outflows from the city’s banking system.

Capital / Liquidity

Jurisdictions Continue to Strengthen Deposit Insurance Systems: IADI

By Editors | 19/12/2019

The International Association of Deposit Insurers says the average coverage per depositor per institution has risen substantially in the last 10 years and that depositor reimbursements have sped up.

Capital / Liquidity

S. Korea Bans Mortgage Lending on High-Priced Homes

By Editors | 18/12/2019

To protect against a looming housing bubble, Korea has banned mortgage loans on homes valued over 1.5 billion won in government-designated speculative areas.

Capital / Liquidity

Chinese Banks Told to Further Reduce Small Business Borrowing Costs

By Editors | 18/12/2019

The State Council has asked banks to further lower financing costs for small and micro businesses and to increase lending to such businesses by 20% over the next year.

Capital / Liquidity

HKMA Moderates Approach to Implementing Market Risk Framework

By Editors | 18/12/2019

The HKMA says it will finalise Hong Kong’s timeline when there is more clarity on the implementation status in other major jurisdictions.

Capital / Liquidity

New Zealand Passes Bill to End Predatory Lending

By Editors | 17/12/2019

Effective from April 2021, the bill will cap the interest and fees on loans at 100% of the loan amount and introduce a 0.8% per day rate cap for high-cost loans.