Capital Regulation

SBI, ICICI Bank and HDFC Bank continue to be identified as D-SIBs, under the same bucketing structure as in the 2020 list.

The HKMA has also finalised its guidance on climate risk management, giving banks until end-2022 to implement the new measures.

The rules emphasise the integration of liquidity risk management throughout the entire process of wealth management business operations.

The Bank of East Asia was no longer identified as a D-SIB in the assessment considering its systemic importance relative to other institutions, the HKMA said.

The HKMA proposes to implement almost all the Pillar 3 disclosure requirements, including leverage ratio and market risk disclosure requirements.

APRA confirmed that the CCyB would be set at the new default level of 1 percent of RWA from 1 January 2023, a feature of the new bank capital framework.

The revised rules seek to align the domestic framework with IAIS standards, while also addressing corporate governance and risk management issues.

The updates align disclosures with the new RBNZ's capital adequacy requirements, which will be phased in over seven years starting from July 2022.

The draft directions, aligned with the Basel III standards, are open for consultation until 31 January 2022 and expected to take effect on 1 April 2023.

The PCA framework will take effect on 1 October 2022. Restrictions will be imposed on NBFCs if they breach capital adequacy, Tier 1 capital and net NPA thresholds.