Capital Regulation

The new rules broaden the range of assets banks have to classify. If more than 5% of a borrower's loans are 90 days past due, all loans from that borrower will be classified as non-performing.

Eight major jurisdictions are yet to adopt resolution planning. Further work is needed on resolution planning for D-SIBs and other banks, as well as on cross-border cooperation on bank resolutions.

SEBI slashes minimum net worth requirements for clearing corporations operating in India's international financial services centre from 3 billion to 1 billion rupees.

From 30 June, loans will be classified as 'bad' only once they have been overdue for at least 12 months, compared to nine months previously, among other changes.

KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.

Only 100 P2P lending platforms are expected to qualify for new licences under the new registration system set to be introduced later this year.

The focus of the joint audit will be on the small business lending practices at Shinhan Bank, KB Kookmin Bank, Woori Bank and KEB Hana Bank.

The reforms will lower the risk weights Korean banks use, resulting in reduced risk-weighted assets and freed-up capital, which will likely be used for new loans or to pay out dividends.

Additional policy work is needed to level the playing field for internationally active entities, according to Financial Stability Institute chairman Fernando Restoy.

There is a need for supervisors to consider local specificities when implementing the framework in less developed markets, ISDA says.