Following consultation, the HKMA plans to submit revisions to the disclosure requirements in early 2023, ahead of Basel III implementation on 1 July 2023.
The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.
The legislation will introduce a deposit protection scheme, new supervisory powers for the RBNZ, and a new accountability framework for deposit takers' directors.
Banks must stress test mortgage borrowers' debt servicing ability assuming a 200 bps rise in the mortgage rate, rather than 300 bps.
Accounting guidance issued in March has reportedly forced US listed banks that were building out crypto offerings to suspend their plans.
An accounting loss of A$36.7bn depleted the RBA's reserve funds and left it with a negative net equity position of A$12.4bn.
Digital banks must meet the same Basel III capital, liquidity and leverage requirements applicable to universal and commercial banks.
The bank is no longer in breach of the PCA parameters based on figures for the year ended 31 March 2022, the RBI said.
The impact of the final rules will be much lower in APAC than in Europe and the US because APAC jurisdictions rely less on internal models, Fitch says.
Euro Pacific Bank customers will recoup 100 percent of their deposits. Several hundred investigations are still underway globally over whether the bank was used for tax evasion.
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