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.
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.