Capital / Liquidity

Crypto / Digital Assets

Audit Firms Are Exiting Relationships with Crypto Clients

By Mark Johnston | 21/12/2022

Mazars and Armanino have stopped serving clients in the crypto sector. BDO is reconsidering its approach to the sector.

Capital / Liquidity

US Regulators Identify Flaws in Resolution Plans of Two Major Banks

By Editors | 20/12/2022

Credit Suisse’s resolution plan had two deficiencies relating to its cash flow forecasting capabilities and governance for its US operations. BNP Paribas had one shortcoming.

Capital / Liquidity

MAS to Defer Implementation of Final Basel III Reforms

By Editors | 20/12/2022

MAS said it will defer the implementation of the final Basel III reforms in Singapore, to between 1 January 2024 and 1 January 2025.

Capital / Liquidity

BNM Consults on Capital Requirements for CCP Exposures

By Editors | 19/12/2022

Proposed framework sets out requirements for managing risks arising from a financial institution’s exposures to CCPs in their capacity as a clearing member or a client of a clearing member.

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.