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Capital / Liquidity
China Enhances Market Exit Mechanism for Failing Financial Institutions
By Editors | 18/07/2019
China currently lacks smooth market exit channels, reflected in insufficient supporting measures and high exit costs for financial institutions in distress, said an NDRC spokesperson.
Capital / Liquidity
China Issues New Rules for Distressed Asset Fund Managers
By Editors | 17/07/2019
Under the new rules, local AMCs must price bad assets fairly and are prohibited from setting buyback terms in acquisition contracts to help financial institutions cover up bad assets.
Capital / Liquidity
Allahabad Bank Reports $258mn Fraud by Indian Steelmaker
By Editors | 17/07/2019
Following a similar report from Punjab National Bank earlier this month, Allahabad Bank has reported a $258mn fraud at Bhushan Power & Steel.
Capital / Liquidity
Singapore Can Withstand Severe Adverse Shocks: IMF
By Manesh Samtani | 17/07/2019
The IMF says Singapore’s financial system would continue to be resilient even under very adverse scenarios, but that foreign currency liquidity risk needs to be addressed.
Capital / Liquidity
HKMA Asks Banks to Prepare Systems for Revised Leverage Ratio
By Editors | 15/07/2019
Both the revised leverage ratio treatment of client cleared derivatives and the revised disclosure requirements will come into effect in Hong Kong on 1 January 2022, in line with the BCBS timetable.
Capital / Liquidity
ASIC Defends Responsible Lending Guidance
By Editors | 11/07/2019
ASIC says the proposed responsible lending guidance is not about increasing requirements; rather, it seeks to clarify and update guidance on existing requirements.
Capital / Liquidity
APRA Orders A$500m Capital Charge for ANZ, NAB, Westpac
By Editors | 11/07/2019
The increase in capital requirements are to reflect weaknesses in operational risk management identified in the banks’ self-assessments.
Capital / Liquidity
APRA Raises Capital Requirements for Big Banks
By Editors | 10/07/2019
The big four banks will need to raise A$50bn to meet higher loss-absorbing capacity requirements by 2024, though the increase is less than was proposed last November.
Capital / Liquidity
Korea FSS Warns Banks of Liquidity Risk at China Units
By Editors | 10/07/2019
KB Kookmin and KEB Hana have three months to submit plans for reducing their China corporate bodies’ reliance on support from their Korean parents.
Capital / Liquidity
India’s 2019 Budget Grants Lifeline to State Banks, NBFCs
By Editors | 08/07/2019
The government announced a fresh capital infusion for state banks, credit guarantees on NBFC assets, and stronger supervisory powers for the RBI.
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