Capital / Liquidity

Capital / Liquidity

PBOC Rules for Conglomerates to Limit Systemic Risk: Fitch

By Editors | 18/10/2020

Fitch Ratings says the new regulations for conglomerates with interests in financial services will help contain systemic risks by limiting irregular financial activities and misconduct.

Capital / Liquidity

ASX Proposes Single Capital Measure for Clearing Participants

By Editors | 14/10/2020

Currently when a participant lends money to its parent or related entity, or invests in subsidiaries, Liquid Capital could be potentially much lower while Core Capital is not impacted.

Capital / Liquidity

FSB Issues Update on Work to Address Market Fragmentation

By Editors | 14/10/2020

The rapid and coordinated policy response to Covid-19 has underlined policymakers’ awareness of harmful effects of market fragmentation, the FSB says.

Capital / Liquidity

APRA to Align Prudential Standards with IAIS ComFrame

By Editors | 13/10/2020

APRA has designated QBE Insurance Group as an internationally active insurance group, which will promote coordination with other international supervisors.

Capital / Liquidity

Sri Lanka Drafts Resolution Framework for Banks, Finance Companies

By Duruthu E Chandrasekera | 12/10/2020

The CBSL will have the ability to replace an institution’s management, operate an agent institution and bail out an institution where necessary.

Capital / Liquidity

Japan: Bank Stress Tests to Use Covid-19 as Baseline Scenario

By Editors | 08/10/2020

The BOJ and FSA jointly stress-tested banks using a common scenario for the first time in December. This year’s stress tests will use the Covid-19 pandemic as the common scenario.

AML / KYC

Fed Orders Citigroup to Correct “Longstanding Deficiencies”

By Editors | 08/10/2020

The Fed has ordered Citigroup to remediated enterprise-wide risk management and controls deficiencies. The OCC has penalised Citibank $400mn for the same deficiencies.

Capital / Liquidity

RBI Defers Implementation of NSFR, Final Tranche of CCB

By Editors | 02/10/2020

The delays are a result of “continuing stress on account of Covid-19”, giving banks a further six months until 1 April 2021 to meet the higher requirements.

Capital / Liquidity

Fed Extends Restrictions on Bank Dividends, Share Buybacks

By Editors | 01/10/2020

Banks with more than $100bn in total assets are not allowed to initiate new share buyback programmes and dividends are capped based on recent income.