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Enforcement
RBI Imposes Restrictions on Two Edelweiss Group Firms
By Ajoy K Das | 31/05/2024
The Edelweiss companies were found to be acting in concert to “evergreen” stressed loans and circumvent regulations.

Capital / Liquidity
RBNZ to Apply New Mortgage Lending Limits from 1 July
By Nithya Subramanian | 28/05/2024
The RBNZ said the new DTI and LVR restrictions act as guardrails to reduce the build-up of high-risk lending in the system.

Securities / Derivatives
US Adopts T+1 Settlement Cycle for Securities Transactions
By Editors | 28/05/2024
Canada, Mexico, Argentina and Jamaica implemented a T+1 settlement cycle on Monday and the US on Tuesday.

Capital / Liquidity
HKMA Announces Refinements to USD Liquidity Facility
By Editors | 22/05/2024
The settlement date will be the same day as the tender date (T+0), instead of the business day after the tender date (T+1).

Capital / Liquidity
FSC Korea to Further Normalise Bank LCR Requirement in H2
By Editors | 22/05/2024
The FSC also decided to extend regulatory relaxations available to financial investment companies, specialised credit finance businesses, and savings banks.

Capital / Liquidity
FSC Korea Proposes Rule Changes to Boost Microfinance Support
By Editors | 22/05/2024
The FSC proposes to temporarily increase the rate of contributions financial companies make towards providing microloans to vulnerable individuals.

Capital / Liquidity
Japan’s Norinchukin Bank to Raise $7.7b in Capital
By Manesh Samtani | 22/05/2024
The bank needs to strengthen its capital base after interest rate increases went beyond expectations and caused significant unrealised losses on its foreign bond investments.

Capital / Liquidity
FSC Korea Permits Daegu Bank to Convert Banking Licence
By Editors | 22/05/2024
Daegu Bank will be the first regional bank to convert into a nationwide bank. It will also be the first new commercial bank in 32 years.

Capital / Liquidity
Japan FSA to Take Control of Two Regional Banks
By Editors | 22/05/2024
The FSA will obtain 63 percent of voting rights in Jimoto Holdings, which operates Kirayaka Bank and Sendai Bank.

Capital / Liquidity
OJK Indonesia Launches Roadmap to Strengthen Rural Banks
By Editors | 21/05/2024
The main focus will be on strengthening capital, accelerating consolidation, and strengthening governance practices, OJK said.
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