CAPITAL / LIQUIDITY

    Capital / Liquidity

    HKMA Consults on Pillar 3 Disclosure Requirements for Basel III

    By Editors | 30/09/2022

    Following consultation, the HKMA plans to submit revisions to the disclosure requirements in early 2023, ahead of Basel III implementation on 1 July 2023.

    Capital / Liquidity

    PBOC Raises Costs for Firms to Bet Against the Yuan

    By Editors | 29/09/2022

    The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.

    Capital / Liquidity

    New Zealand Introduce Bill to Enhance Depositor Protections

    By Editors | 28/09/2022

    The legislation will introduce a deposit protection scheme, new supervisory powers for the RBNZ, and a new accountability framework for deposit takers’ directors.

    Capital / Liquidity

    HKMA Amends Interest Rate Stress Testing Requirement

    By Editors | 26/09/2022

    Banks must stress test mortgage borrowers’ debt servicing ability assuming a 200 bps rise in the mortgage rate, rather than 300 bps.

    Crypto / Digital Assets

    US SEC Accounting Guidance Disrupts Banks Crypto Projects

    By Mark Johnston | 24/09/2022

    Accounting guidance issued in March has reportedly forced US listed banks that were building out crypto offerings to suspend their plans.

    Capital / Liquidity

    Australia: Bond Losses Wipe Out Central Bank’s Equity

    By Editors | 22/09/2022

    An accounting loss of A$36.7bn depleted the RBA’s reserve funds and left it with a negative net equity position of A$12.4bn.

    Fintech / Regtech

    BSP Tightens Prudential Requirements for Digital Banks

    By Editors | 21/09/2022

    Digital banks must meet the same Basel III capital, liquidity and leverage requirements applicable to universal and commercial banks.

    Capital / Liquidity

    RBI Removes Restrictions on Central Bank of India

    By Editors | 21/09/2022

    The bank is no longer in breach of the PCA parameters based on figures for the year ended 31 March 2022, the RBI said.

    Capital / Liquidity

    Basel III to Have Muted Capital Impact in APAC: Fitch

    By Editors | 19/09/2022

    The impact of the final rules will be much lower in APAC than in Europe and the US because APAC jurisdictions rely less on internal models, Fitch says.

    AML / KYC

    Puerto Rico Authority Agrees on Liquidation of Euro Pacific Bank

    By Editors | 17/09/2022

    Euro Pacific Bank customers will recoup 100 percent of their deposits. Several hundred investigations are still underway globally over whether the bank was used for tax evasion.

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