Vietnam’s central bank has extended credit growth limits for several commercial banks in a bid to support the country's economic growth and amid massive demand.
Lenders face tighter loan, financing reporting requirements as central bank says it will target ‘areas which require supervisory action’.
Official central bank report issued last year had suggested P2P lending platforms meet $311,000 minimum capital and leverage ratio requirements.
Regulator calls on banks to strictly screen mortgage applications as household debt increases by $15.9bn over July and August.
Banks should still devote time to correctly budget, resource and plan technology projects for EFS based on the new timelines.
BIS report on Basel III finds US and China make up more than half the profits of the world’s Group 1 banks; TLAC shortfall of 12 G-SIBs tumbles to $360mn.
Ben Pott, head of government affairs at NEX Group, suggests Brexit and the time taken to resolve US-EU CCP issue, make equivalency rulings unlikely.
FSA’s commissioner ‘embarrassed to see regional banks’ balance sheets in their core businesses deteriorate more quickly than we expected.’
CBRC chief adviser and former SFC chief Dr Andrew Sheng says regulation risks pro-cyclicality when real economy requires structural change.
Technology will be offered 1st in Singapore to meet January 2018 IFRS 9 deadline, can be extended to stress testing and other regulatory requirements.
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