Resolution regime includes four stage assessment criteria for financial institutions, emphasises private sector role; to be operationalised ‘in due course’.
FSC to come up with deregulation plan by end-of year; wants more challengers to financial sector incumbents after approval of internet-only banks.
Ignore the US President’s recent legislative failures. Shots at his next target - financial regulations - are likely to hit home, and abroad.
IMF praises measures such as inclusion of WMPs in bank assessments but cites concerns about growth in debt and banking sector assets.
Banks will be required to calculate leverage ratios as of June 30 this year in response to consultation before full requirement comes into effect.
Restricted ADI licensees would need only $2.35mn in capital to take deposits; APRA paper does not address budget proposal to remove ‘bank’ capital requirements.
Ten years later, governments have plugged the failures from the last crisis. Unfortunately, the next crashing market won’t be same as the last one.
IMF views the central bank less fully compliant with the Basel Core Principles and recommended a more prescriptive rule-making approach to regulation.
PBOC is considering ways to include large internet finance firms in its Macro Prudential Assessment.
Papers analyses regional divergence in frameworks across Singapore, Hong Kong and Japan.