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Capital / Liquidity
CBIRC Finalises Rules Allowing Foreign-Funded Finance Companies
By Darien Choong | 19/10/2022
Foreign-funded multinational groups can directly establish domestic finance companies to provide financial services to their member units in China.
Capital / Liquidity
RBI Tightens Rules on Disclosing NPA, Provisioning Divergences
By Editors | 18/10/2022
Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.
Capital / Liquidity
DBS Becomes LCH SwapClear’s First Direct Member in Singapore
By Editors | 18/10/2022
DBS will be able to post Singapore government bonds as collateral, making LCH the first global offshore clearing house to accept the asset class as eligible collateral.
Capital / Liquidity
EU Regulators to Assess Bank Dividend Plans ‘Case-by-Case’
By Editors | 17/10/2022
Steven Maijoor, who serves on the ECB’s supervisory board, said regulators are asking banks to be restrained with dividends and share buybacks.
Capital / Liquidity
RBI Revises Rules for Asset Reconstruction Companies
By Editors | 16/10/2022
Under the new framework, ARCs can act as resolution applicants under the Insolvency and Bankruptcy Code.
Crypto / Digital Assets
Tether Eliminates Commercial Paper from Stablecoin Reserves
By Manesh Samtani | 15/10/2022
“Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market,” the company said.
Capital / Liquidity
RBI Directs Banks to Treat Certain Rated Exposures as Unrated
By Editors | 15/10/2022
Banks must treat corporate and NBFC exposures as if they were unrated if the lenders’ details are not disclosed in rating actions.
Capital / Liquidity
Taiwan Allows Insurers to Reclassify Assets Using IFRS 9
By Editors | 14/10/2022
Reclassification of assets under IFRS 9 will enable insurers to mitigate the effects of rate hikes on their financial ratios.
Capital / Liquidity
HKMA Consults on Market Risk, CVA Risk Frameworks
By Editors | 12/10/2022
HKMA is consulting on proposed BCR changes and two new SPMs for implementation of the revised market risk and CVA risk frameworks.
Capital / Liquidity
ECB Cautions European Banks on Bonus, Dividend Payouts
By Editors | 11/10/2022
The ECB is reportedly concerned that a sharper slowdown next year could trigger a wave of defaults, and that banks may be underestimating the risks.
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