Capital Regulation

The prudential standard comes into effect from 1 January 2021 for ADIs using advanced measurement approaches to calculate the required capital for operational risk.

The HKMA has not seen any large-scale outflow of funds from Hong Kong and the banking system had sufficient capital and liquidity to withstand any impact.

LegCo has approved HK$33bn in funding to provide 90% guarantees on approved loans taken out by eligible enterprises and professionals seeking to set up their own practices.

ASIC has clarified when a licensee might undertake more or less detailed inquiries and verification steps based on different consumer circumstances and the type of credit being sought.

India’s central bank has issued its final guidelines for ‘on-tap’ licensing of small finance banks, doubling the minimum capital requirement to 2 billion rupees.

New Zealand's big four banks will have to increase capital to 18% of RWAs, and smaller banks to 16% of RWAs. Seven years will be given to implement the changes.

Vietcombank, BIDV, Vietinbank and Agribank are close to minimum capital adequacy requirements and may be forced to stop lending if they are not allowed to increase capital.

The regulator has fixed the minimum net capital for commercial lenders' wealth management subsidiaries at 500 million yuan, and at least 40 percent of the net assets.

The IMF also came out in support of the government’s policies to boost the economy, safeguard financial stability, and combat money laundering and terrorism financing.

Standard Chartered and the four large national bad debt managers are among the firms allowed to sell NPL-backed securities as China looks to expand its 2016 plan to clean up bank balance sheets.