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Capital / Liquidity
Pakistan Sets January 2023 Deadline for IFRS 9 Adoption
By Editors | 18/07/2022
IFRS 9 will prompt a one-off increase in banks’ loan-loss provisioning, diminishing shareholder capital. Banks will also be pressured by increased taxes.
Crypto / Digital Assets
Thailand Refines Rules for Crypto Firms, Issues Draft Rules for Banks
By Manesh Samtani | 15/07/2022
The SEC amended capital requirements and other rules for crypto firms. The BOT issued draft rules for banks dealing in crypto. Two crypto exchanges were penalised.
Crypto / Digital Assets
Crypto Firm Celsius Network Accused of Running Ponzi Scheme
By Editors | 12/07/2022
A lawsuit filed by a former Celsius money manager says the company mismanaged customer funds, failed to perform basic internal auditing, and manipulated crypto-assets.
Capital / Liquidity
HKMA Issues Revised Capital Adequacy Ratio Return
By Editors | 12/07/2022
The changes are mainly to cater for banks’ reporting of equity investments in funds in accordance with the requirements that came into effect on 1 July.
Capital / Liquidity
ECB Climate Stress Test Finds Bank Practices Lacking
By Editors | 11/07/2022
60% of banks don’t have a climate risk stress testing framework. Only 20% of banks consider climate risk when granting loans.
Capital / Liquidity
RBI Announces Measures to Cushion Falling Rupee
By Editors | 09/07/2022
The RBI has exempted FPIs from a cap on investments in government securities and corporate bonds. FPIs can also buy short-duration corporate debt.
Crypto / Digital Assets
Crypto Firm Voyager Digital Files for Bankruptcy, FDIC Opens Probes
By Editors | 08/07/2022
Voyager previously used wording on a company web page implying that deposit protection could apply in the event of the company’s own failure.
Capital / Liquidity
HKMA Consults on Implementation of Basel III Reforms
By Editors | 08/07/2022
The proposed amendments relate to the implementation of Basel III final reform package, specifically in relation to credit risk and the output floor.
Capital / Liquidity
BCBS Issues Guidance for Supervisors on Proportionality
By Editors | 08/07/2022
Proportionate approaches provide regulatory certainty without being overly static, which can create favourable operating environments for both banks and supervisors.
Capital / Liquidity
APRA Proposes Enhanced Disclosures on Remuneration, Risk Metrics
By Editors | 07/07/2022
APRA proposes to require FIs to publicly disclose how their remuneration arrangements are designed and how risk is factored into remuneration outcomes for key executives.
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