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Capital / Liquidity
Global Lockdowns Could Accelerate BCBS 239 Compliance
By John Berven | 17/08/2020
BCBS 239 implementation progress has veered off course at some banks as a result of the Covid-19 crisis, prompting a need for reassessment, says John Berven at Solidatus.
Capital / Liquidity
CBIRC Projects ¥3.4tr in Bad Loans for 2020, More in 2021
By Editors | 16/08/2020
CBIRC chairman Guo Shuqing says banks should prepare by replenishing capital, increasing provisioning, and improving risk management.
Market Infrastructure
FSB Publishes Information Gathering Template on FMI Access
By Editors | 16/08/2020
The template will streamline the process of gathering information about access to clearing, payment, settlement, custody and other FMI services in cases where firms need to be resolved.
Fintech / Regtech
Federal Reserve, MIT to Develop, Test ‘Hypothetical’ Digital Dollar
By Sanday Chongo Kabange | 16/08/2020
Fed governor Lael Brainard said lessons from the collaboration will be published, and any codebase developed will be offered as open-source software.
Capital / Liquidity
Bank Capital in a Public Health Crisis: Reflecting on Twin Challenges
By Jamie Lloyd Evans | 16/08/2020
Industry veteran Jamie Lloyd Evans discusses Basel III in light of concerns regarding capital adequacy and bank lending, and offers some thoughts on potential design improvements to the capital framework.
Fintech / Regtech
UPDATED – China to Include Beijing, Hong Kong in Digital Yuan Pilot
By Sanday Chongo Kabange | 16/08/2020
The move to expand the digital yuan pilot to major cities including Shanghai, Beijing, Guangzhou and Hong Kong brings coverage to a potential user base of around 400 million.
Market Infrastructure
Korea Kicks Off First Meeting of New Green Finance Task Force
By Manesh Samtani | 13/08/2020
The task force will establish a monitoring system for climate-related financial risks, lead efforts to boost investment in green industries, and promote ESG investing in Korea.
Securities / Derivatives
Singapore Fund Managers Expect Covid to Accelerate ESG Investing
By Manesh Samtani | 13/08/2020
A new survey by IMAS found that two-thirds of Singapore fund managers expect the adoption of ESG investing to accelerate as a result of the Covid-19 pandemic.
Market Infrastructure
MAS Official Warns of Financial Sector Job Losses in H2
By Editors | 13/08/2020
Supporting the local workforce in the financial sector during the crisis is a priority for MAS, according to deputy managing director Jacqueline Loh.
Market Infrastructure
RBNZ Announces Expansion of Large-Scale Asset Purchases
By Editors | 12/08/2020
The RBNZ has expanded its quantitative easing programme to NZ$100bn and signalled a willingness to enter negative OCR territory, in response to Covid-19 related uncertainty.
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