CAPITAL / LIQUIDITY

AML / KYC

SFC Issues Guidance on Crypto Licensing Transitional Arrangements

By Manesh Samtani | 05/06/2023

Crypto firms with “meaningful and substantial presence” in Hong Kong prior to 1 June 2023 can continue to provide services.

Capital / Liquidity

New Global Database of Credit Loss Metrics Launched

By Editors | 04/06/2023

New database provides estimations of macro-implied credit loss rates across jurisdictions, including to project future losses.

Capital / Liquidity

Credit Suisse Bankers Sue FINMA Over Lost Bonuses

By Editors | 04/06/2023

Some Credit Suisse bankers had their bonus awards based on AT1 bonds, which were wiped out in the government-orchestrated rescue in March.

Capital / Liquidity

CBSL Starts Policy Easing Cycle to Revamp Economy

By Duruthu E Chandrasekera | 02/06/2023

The CBSL has lowered interest rates by 2.5 percent in a bid to restart credit flows and boost growth in the real economy.

Crypto / Digital Assets

EU Proposes Lower Risk Weights for Stablecoins, Tokenised Assets

By Mark Johnston | 02/06/2023

Stablecoins backed by non-fiat assets such as gold would have a 250% risk weight. Those backed by fiat currency would be treated the same as the underlying.

Capital / Liquidity

HKMA Consults on Output Floor, Credit Risk Framework

By Editors | 31/05/2023

The consultation focuses on the implementation of the revised credit risk framework and the output floor.

Capital / Liquidity

APRA, AUSTRAC Enter Enforceable Undertakings With BoQ

By Editors | 31/05/2023

For APRA’s enforceable undertaking, Bank of Queensland has to set aside an extra A$50mn in regulatory capital.

Capital / Liquidity

IASB Seeks Feedback on IFRS 9 Impairment Requirements

By Editors | 30/05/2023

The IASB is seeking feedback to help it assess whether the impairment requirements in IFRS 9 are continuing to work as intended.

Capital / Liquidity

US OCC Sets Out Policy for Addressing “Persistent Weaknesses” at Banks

By Editors | 30/05/2023

The OCC may require banks to increase capital, restrict dividends, sell assets, divest subsidiaries or exit markets if they fail to fix “persistent weaknesses”.