The move will force Chinese banks to more foreign currency at the central bank, and help to contain the renminbi's appreciation.
The RBI will also introduce new rules for how banks classify and value their investment portfolios, and how payment systems charge their customers.
Banks are instructed to review their concentration of real estate lending business and strengthen risk controls and post-loan management.
Regulation Asia held its fourth annual Awards ceremony on 9 December 2021. Here we explain our methodology and announce the winners for the year.
The IMF proposes three elements that should be included in the framework, which is urgently needed to manage financial stability and market conduct risks.
The Depositor Compensation Scheme will protect up to NZD 100,000 per depositor, per licensed deposit taker, and is expected to be operational in late 2023.
The lower relending rate is expected to reduce funding costs for small and medium-sized banks and incentivise them to make agricultural and small business loans.
The findings reinforce the need for banks to continue to build capital and replace Tier 2 instruments that will cease to be compliant under the new rules on bank capital.
The FSB says work is under way to build up external TLAC for the four Chinese G-SIBs, but that all other G-SIBs report that they already meet or exceed the final TLAC requirement.
The potential for further credit quality deterioration remains, especially if downside risks from the pandemic materialise and cause prolonged disruptions to economic activity.
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