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Big Picture
Japan’s Amended Banking Act to Have Limited Impact: Fitch
By Ranamita Chakraborty | 30/06/2021
The amendment is expected to contribute only marginally to addressing Japanese banks’ structural profitability challenges, Fitch Ratings says.
Capital / Liquidity
FSC Korea to End Bank Dividend Cap on 30 June
By Manesh Samtani | 28/06/2021
The FSC arrived at the decision based on economic projections, bank stress tests, higher capital adequacy ratios, and higher loan loss provisions.
Capital / Liquidity
Hong Kong: ‘Stay Rules’ to Come into Operation on 27 August
By Manesh Samtani | 27/06/2021
Banks have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during a bank resolution.
Capital / Liquidity
RBI Issues New Dividend Distribution Guidelines for NBFCs
By Ranamita Chakraborty | 27/06/2021
The dividend ratio will be capped at 50 to 60 percent of a deposit-taking NBFC’s profits, depending upon the nature of the business.
Capital / Liquidity
CBSL to Require Banks to Maintain Recovery Plans from 2022
By Sanday Chongo Kabange | 24/06/2021
Starting in 2022, Sri Lankan banks with assets above LKR 1 trillion must formulate and submit their recovery plans to the CBSL annually.
Capital / Liquidity
NZ FMA Unimpressed With Liquidity Practices at Funds
By Manesh Samtani | 24/06/2021
The FMA says liquidity stress tests are not being performed frequently enough and fund managers do not have sufficient liquidity management tools.
Capital / Liquidity
Korean Cabinet Approves Rules on SIFI Resolution Plans
By Editors | 23/06/2021
SIFIs will be required to prepare recovery and resolution plans and submit them to the FSS within three months from being designated.
Capital / Liquidity
RBNZ Finalises 7-Year Roadmap for Higher Bank Capital
By Manesh Samtani | 18/06/2021
The minimum total capital requirement for banks will increase 9% from 1 July 2024. Banks will also be expected to hold a ‘Prudential Capital Buffer’.
Capital / Liquidity
ASIC Enhances Capital Rules for Securities, Futures Firms
By Sanday Chongo Kabange | 17/06/2021
Securities market participants must hold core capital of at least A$500,000, up from A$100,000 currently required. One year is given for compliance.
Capital / Liquidity
ISDA Chief Calls for Use of Common Risk Data Reporting Standard
By Ranamita Chakraborty | 14/06/2021
CRIF will reduce the risk data reporting burden, increase the accuracy and consistency of the information reported, and allow for more automation.
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