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Prudential Risk
Trading & Investment
HKEX Advancing Work to Add Repo, CDS to Swap Connect
By Georgina Lee | 03/12/2024
HKEX’s Jacky Mak said the exchange operator is working to expand the scope of Swap Connect to include cross-border repo contracts and credit default swaps.
Capital Adequacy
HKMA Revises Guideline for Bank on Capital Adequacy Regime
By Editors | 03/12/2024
The revised SPM module incorporates changes to align with the Basel III final reforms which take effect from 1 January 2025.
Liquidity Risk
PBOC Works to Ease Funding Pressure Through Liquidity Injections
By Editors | 03/12/2024
The PBOC conducted ¥800bn in outright reverse repo transactions and bought a net ¥200bn of sovereign bonds in November. An RRR cut is likely still needed.
Data Privacy
Australia Concludes Review of Credit Reporting Framework
By Thisanka Siripala | 02/12/2024
The review resulted in 37 recommendations, including the introduction of a separate licensing regime for credit reporting bodies to ensure accountability.
Structural Regulation
FSC Korea Adjusts Criteria for Authorising Internet-only Banks
By Manesh Samtani | 02/12/2024
The FSC plans to add a statutory condition under the Banking Act that will allow it to suspend an internet-only bank’s operations if it cannot execute its business plan.
Credit Risk
China NFRA Encouraging Banks to Lend to Small & Micro Enterprises
By Editors | 02/12/2024
The NFRA has revised its framework for annual regulatory evaluations of banks to increase focus on the provision of credit to micro and small enterprises.
Emerging Prudential Risks
BOK Cuts Rates Again in Response to Trade Uncertainties
By Editors | 30/11/2024
This is the first back-to-back rate cut since 2019, signalling concerns over the clouded outlook for Korea’s export-reliant economy.
Liquidity Risk
Korea to Restore Bank LCR Requirement to 100% from January
By Manesh Samtani | 30/11/2024
The FSC will only partially normalise regulatory relaxations for savings banks and specialised credit finance businesses.
Conduct, Culture & Accountability
New Zealand’s Kiwibank Fined for Breaches of Fair Trading Act
By Nithya Subramanian | 29/11/2024
The Commerce Commission has penalised Kiwibank for overcharging 35,000 customers a total NZD 6.8 million.
Capital Adequacy
BCBS Publishes Report on Implementing Positive Neutral CCyB
By Manesh Samtani | 29/11/2024
The report describes different jurisdictional frameworks for implementing a positive neutral CCyB and approaches to calibration and operation.
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