Capital Regulation
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India Interprets P2P Lenders as Non-bank Finance Companies
Official central bank report issued last year had suggested P2P lending platforms meet $311,000 minimum capital and leverage ratio requirements.
September 21, 2017 -
Korea Efforts to Tackle Household Debt Have Little Impact as Boom Continues
Regulator calls on banks to strictly screen mortgage applications as household debt increases by $15.9bn over July and August.
September 21, 2017 -
APRA Delays Economic and Financial Statistics Reform
Banks should still devote time to correctly budget, resource and plan technology projects for EFS based on the new timelines.
September 13, 2017 -
China Joins US in Leading Bank Profitability as Capital Shortfalls All but Disappear
BIS report on Basel III finds US and China make up more than half the profits of the world’s Group 1 banks;...
September 13, 2017 -
159Don’t Expect New EU Equivalency Decisions for Asia
Ben Pott, head of government affairs at NEX Group, suggests Brexit and the time taken to resolve US-EU CCP issue, make equivalency...
September 7, 2017 -
Japan’s Low Interest Rate Environment Suffocates Regional Banks
FSA’s commissioner ‘embarrassed to see regional banks’ balance sheets in their core businesses deteriorate more quickly than we expected.’
September 7, 2017 -
Top CBRC Adviser Flags Failures to Address Operational Risks
CBRC chief adviser and former SFC chief Dr Andrew Sheng says regulation risks pro-cyclicality when real economy requires structural change.
September 6, 2017 -
SAS, KPMG Launch Microsoft Azure-based IFRS 9 Solution
Technology will be offered 1st in Singapore to meet January 2018 IFRS 9 deadline, can be extended to stress testing and other...
August 31, 2017 -
Philippine Central Bank Strengthens Compliance Standards
Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.
August 28, 2017 -
Singapore Regulator Issues Resolution Regime
Resolution regime includes four stage assessment criteria for financial institutions, emphasises private sector role; to be operationalised ‘in due course’.
August 24, 2017