Capital Regulation

The investigation did not find evidence of breaches of the Banking Act or the BEAR, according to APRA Deputy Chair John Lonsdale.

IDBI Bank has been removed from PCA restrictions following its latest financial position as of 31 December 2020.

The easier liquidity rules, introduced in April and extended in August, are now scheduled to end at the end of September.

Short-term bonds issued by securities firms will subject to a limit of 60% of net capital. The eligibility criteria have also been strengthened.

Financial market conditions have "improved significantly" since the Term Auction Facility and the Corporate Open Market Operation were introduced.

Banks can stagger the booking of losses from the discounted sale of NPAs to FIST corporations over five years, provided proper disclosures are made.

Non-holding financial groups deemed to have financial soundness problems will be required to draw up and submit business improvement plans.

Asset managers bought packages of bad personal loans from ICBC and Ping An Bank at auction under a new pilot programme.

EIOPA will provide the FSA advice on an equivalence decision under the EU’s Solvency II framework and, later, the monitoring of this decision.

The policy plans include measures to promote digital insurance products and establish standards for online platform services, among other measures.