The Chinese government made systemic risk in the country’s financial sector its main priority during its mid-year work conference.
The campaign against systemic risk could turn into a political purge that undermines regulatory development.
Treasury confirms removal of $40mn capital requirement for firms to use ‘bank’ label; Sydney, Melbourne fintech hubs win state government support.
NSFR requires locally-based D-SIBS to have customer deposits, long-term wholesale funding and equity sufficient to cover extended period of market stress.
APRA says ‘unquestionably strong’ means a CET1 capital adequacy ratio of 10.5% ; some lenders expected to require 150bp increase.
Peer review finds MAS meets all but one of 24 principles designed to shore up systemically important market infrastructure including central counterparties.