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Prudential Risk
Capital Adequacy
RBI Directs UCBs to Discontinue “Dividend Equalisation Funds”
By Ajoy K Das | 01/08/2024
UCBs have been accumulating profits from previous years in dedicated funds to use for future dividend payments.
Credit Risk
ASIC Calls on Credit Card Lenders to Improve Consumer Outcomes
By Sanday Chongo Kabange | 01/08/2024
ASIC said some credit card providers are failing to identify consumers at risk of financial hardship and communicate what help may be available.
Emerging Prudential Risks
BOJ Raises Interest Rate to Highest Level Since 2008
By Editors | 01/08/2024
The BOJ also said it would gradually reduce its monthly bond buying from JPY 6 trillion to JPY 3 trillion by Q1 2026.
Credit Risk
RBNZ Explores New Techniques for Monitoring Financial Stability
By Sanday Chongo Kabange | 01/08/2024
The RBNZ is exploring the use of news sentiment as an indicator of financial stress, and macroeconomic conditions to forecast future NPLs.
PEPs & Sanctions
Austria’s Raiffeisen Working to Sell 60pc of Russian Unit
By Editors | 31/07/2024
Raiffeisen is trying to coordinate with Russian, European and US authorities to sell a 60% stake in its Russian unit.
Stablecoins
Stablecoins Weaken Liquidity Ratios of Banks: ECB Paper
By Editors | 31/07/2024
Banks that issue their own stablecoins or collect deposits from stablecoin issuers would see their liquidity ratios decline.
Liquidity Risk
Korea Works to Address Liquidity Crisis at E-commerce Platforms
By Nithya Subramanian | 31/07/2024
The FSC announced a KRW 560 billion rescue package to support vendors impacted by a liquidity crisis at two e-commerce platforms.
Credit Risk
RBI Issues Directions on Treatment of Wilful Defaulters
By Ajoy K Das | 31/07/2024
The RBI has introduced stringent measures for wilful defaulters, including a ban on credit facilities and restructuring, based on a transparent classification process.
Payments & Settlements
China Implements Tighter Rules for Non-Bank Payments Platforms
By Editors | 31/07/2024
The rules impose stricter licensing, business management, risk management and user protection requirements on non-bank payment institutions.
KYC & CDD
FINMA Examines UBS Process for Vetting Credit Suisse Clients
By Editors | 30/07/2024
UBS has reportedly been providing updates to FINMA on the types of wealth management clients it is on-boarding from Credit Suisse post-acquisition.
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