Central bank governor says rules will be relaxed so inbound investment, private sector foreign currency borrowing require reporting, not registration.
Why fintech (financial technology) sandboxes aren’t necessarily the child’s play they’ve been made out to be by banks and disrupters alike.
Step-in risk guidelines due to be implemented by 2020 will require reporting rather than additional liquidity or capital charges.
Central bank says Aadhar cards must be linked to bank account; proposed credit registry to be open to ‘all stakeholders’.
Current 20% RRR is one of the highest in the world; capital market development to focus on fixed income and repo markets.
PBOC governor says regulatory agencies not properly coordinated, reiterates concern about bad debt as China transforms into market economy.
Central bank suggests financial market supervisors use of technology is one of the highest priorities in global regulation.
Banking integration framework will allow cross-border operation by lenders from 10 Southeast Asian nations, BSP official confirms.
Banking Ordinance already includes resolution, but not recovery, requirements; HKMA to retain ‘general power’ on exposure limits.
CBRC says failure of regulators to identify risks amounts to ‘dereliction of duty’; urges lenders to sort out non-performing loans.
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