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Big Picture
Systemic Risk Scores in Global Insurance Sector Are Rising: IAIS
By Mark Johnston | 19/12/2022
Higher systemic risk scores are driven by increased exposures to illiquid and difficult-to-value assets, OTC derivatives, repo transactions and other factors.
Capital / Liquidity
Basel Rules for Cryptoassets to Take Effect in Jan 2025
By Manesh Samtani | 19/12/2022
1,250% risk weight not applicable to custodied assets. Infrastructure risk add-on no longer mandatory. Gross limit on total Group 2 exposures raised from 1% to 2%.
Capital / Liquidity
PBOC Issues Draft Regulations for Financial Infrastructures
By Editors | 17/12/2022
The regulations cover registration and custody systems, clearing and settlement, trading facilities, transaction reporting databases, important payment systems, and credit reporting systems.
Capital / Liquidity
FSB to Revise Recommendations on Fund Liquidity Management
By Editors | 15/12/2022
Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.
Capital / Liquidity
RBA’s Term Funding Facility Didn’t Boost SME Lending as Intended
By Editors | 15/12/2022
Researchers said the TFF did not directly increase business lending, but it did reduce banks’ funding costs and led to lower interest rates throughout the economy.
Capital / Liquidity
Global Banking System More Resilient After Basel Reforms: BCBS
By Editors | 15/12/2022
Banks that were more heavily affected by the Basel III reforms saw a greater reduction in their cost of capital, the BCBS said.
Enforcement
UK FCA Fines Metro Bank for Incorrect RWA Disclosure
By Sanday Chongo Kabange | 14/12/2022
The bank published incorrect information concerning its risk-weighted assets and did not disclose the error to investors despite knowing it was wrong.
Capital / Liquidity
CBIRC Issues Draft Rules on Country Risk Management
By Editors | 14/12/2022
The draft rules propose a unified standard for measuring country risk, as well as new provisioning requirements to align with new accounting standards.
Capital / Liquidity
ECB to Raise UniCredit Capital Requirement Due to Russia Risks
By Editors | 14/12/2022
UniCredit still has some cross-border exposure to Russia and operates in some markets that are reliant on disrupted supplies of natural gas.
Capital / Liquidity
APRA Consults on New Quarterly Statistical Publication
By Editors | 14/12/2022
APRA proposes to bring forward the publication frequency of four metrics to be on a quarterly basis for inclusion in the initial publication.
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