A director for two licensed firms was banned for life over failures to maintain sufficient liquid capital, and for lying to the SFC.
The BCBS highlighted the need for ongoing monitoring and mitigation of near-term interest rate and credit risk.
Agustín Carstens says supervisors need to continuously seek to improve their capabilities by accessing greater resources and leveraging technology.
Sahara Life’s financial position has been deteriorating with rising losses and a higher percentage of claims to total premiums.
Crypto firms with "meaningful and substantial presence" in Hong Kong prior to 1 June 2023 can continue to provide services.
New database provides estimations of macro-implied credit loss rates across jurisdictions, including to project future losses.
The consultation focuses on the implementation of the revised credit risk framework and the output floor.
Some Credit Suisse bankers had their bonus awards based on AT1 bonds, which were wiped out in the government-orchestrated rescue in March.
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.
For APRA's enforceable undertaking, Bank of Queensland has to set aside an extra A$50mn in regulatory capital.
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