Peer review finds MAS meets all but one of 24 principles designed to shore up systemically important market infrastructure including central counterparties.
This accounting standard isn’t just for accountants – entire banks will have to seek succour in prudence, targeting better clients and sounder transactions.
Senior banking regulator suggests number of illegal fundraisings has declined sharply; counterpart at CSRC says to continue crackdown on market malfeasance.
HKMA narrowly outpaces Singapore rival to enacting regime; becomes lead resolution body with responsibility for securities and insurance as well as banking.
Move by banking unit of country’s largest financial group to stop mortgages being used for personal use expected to be followed by other lenders.
Bill would allow regulator to compel firms to prepare recovery plans, enforce mandatory bail-ins for failing institutions.
Philippine banks currently have to keep 20% in reserve; liquidity requirements were eased earlier this year.
Second-tier lenders required to increase loan-loss provisions by 50%; maximum mortgage LTV/debt-income ratios cut to 60%/50%.
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