Fitch Ratings suggests full integration a ‘very distant goal’.
Deputy governor urges caution despite sufficient liquidity to meet rising funding costs.
Regulations would see FSC choosing auditors for the largest companies.
MAS is reducing unsecured borrowing limit to 12x monthly income by 2019.
Largest shortfall at Commonwealth Bank; of ‘Big 4’, only ANZ has a capital surplus.
Banks will be required to have minimum CAR of 8%; sector-wide CAR now at 11.3%.
Funds must hold at least 5% in cash, cash equivalents; arrange borrowing to meet unexpected redemptions.
APRA requirement said to develop data availability for ‘clear presentation of facts’.
China faces both rising debt and NPL; regulator to prioritise risk prevention, control in 2017.
Regulator flags errors in OTC derivatives transactions, credit card applications.
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