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ESG / Sustainability
BCBS to Backtrack on Climate-related Standards – Report
By Editors | 04/04/2024
The BCBS plans to make its standards on disclosures and transition plans optional rather than universally adopted due to US pressure.
Capital / Liquidity
Sri Lanka Directs Banks to Set Up Business Revival Units
By Ajoy K Das | 04/04/2024
Licensed banks are required to establish BRUs by mid-May 2024, and be fully compliant with the new CBSL guidelines by 1 July 2024.
Big Picture
Industry Bodies Push Back Against BCBS Crypto Treatment
By Manesh Samtani | 04/04/2024
ISDA, GFMA, FIA and other trade bodies say banks should not be penalised for trying to innovate with public permissionless blockchains.
Capital / Liquidity
Indonesia Formally Ends Pandemic Support Measures
By Sanday Chongo Kabange | 03/04/2024
The OJK said Indonesia’s economy has recovered from the pandemic and banks have strong capital, sufficient liquidity and good risk management.
Capital / Liquidity
Korea FSS to Launch Inspections at Troubled Credit Cooperative
By Editors | 02/04/2024
This will be the first time financial regulators are brought in to inspect MG Community Credit Cooperative, which is supervised by the Ministry of the Interior and Safety.
Securities / Derivatives
Bangladesh Extends Deadline for Higher Provisions on Unrealised Losses
By Ajoy K Das | 01/04/2024
The extension was granted in response to fears that provisioning requirements based on the International Accounting Standards could lead to forced selling in the market.
Fintech / Regtech
Japan Develops AI Model to Help Regional Banks Identify Risk
By Editors | 31/03/2024
The AI model can identify businesses that are showing signs of deterioration so banks can provide support before financial difficulties become insurmountable.
Securities / Derivatives
RBI Clarifies Norms for Investment in AIFs by Banks, NBFCs
By Ajoy K Das | 29/03/2024
The RBI said the provisioning requirement only applies to the amount invested in debtor companies and not the entire AIF investment.
ESG / Sustainability
S. Korea: Banks, Insurers to Conduct Climate Stress Tests in H2
By Mark Johnston | 28/03/2024
The BOK and FSS will create climate scenarios in H1 which 15 financial firms will have to use in stress tests in H2.
Capital / Liquidity
APAC Banking Sector Well-prepared for Basel III Adoption: Fitch
By Ranamita Chakraborty | 26/03/2024
APAC banking groups are well-prepared due to prevailing conservative regulatory approaches and less extensive use of internal models within the region.
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