Capital Regulation

The modified framework excludes all entities connected with the sovereign from definition of group of connected counterparties, such as exposures to or guaranteed by government.

The FSC will extend the debt service ratio to include non-bank financial institutions in a bid to rein in household debt.

Moody's says Singapore performs better than other banking systems in a high stress scenario. The new report also looks at banks' digitisation push.

The move comes just after the central bank allowed banks to exclude investments in non-listed securities from their capital market exposure calculations.

State-owned banks will be allowed to retain dividends or pay them in shares to help them meet Basel II capital adequacy requirements by January 2020.

Under the draft rules, NBFCs will have to meet to a 60% LCR requirement from April 2020, increasing each year to the full 100% LCR in April 2024.

The PBOC and CBIRC have said they are taking control of Baoshang Bank, a small privately-owned bank whose owner disappeared two years ago.

There is clear fatigue in the industry around BCBS 239 compliance, but the exercise has also enabled other capabilities, say PwC's Irene Liu, David Yakowitz and Catherine Lee.

The FSB is asking if too-big-to-fail reforms have reduced the systemic and moral hazard risks associated with SIBs, and if they affect the functioning of overall the financial system.

The move follows RRR cuts for large banks, as the BSP looks to mitigate lowering price expectations and inflation.