Prudential Risk

Capital Adequacy

Hong Kong’s New RBC Regime for Insurers Commences

By Sanday Chongo Kabange | 03/07/2024

The introduction of the RBC regime will strengthen the financial soundness of insurers and enhance protection for policy holders.

Credit Risk

HSBC Completes Pilot Trial of Cross-Boundary Credit Referencing

By Sanday Chongo Kabange | 03/07/2024

HSBC is one of the first banks to successfully participate in the newly-launched cross-boundary credit referencing initiative led by the HKMA and the PBOC.

Trading & Investment

PBOC Set to Start Short-selling Government Bonds

By Manesh Samtani | 03/07/2024

The PBOC said it will borrow government bonds from primary dealers in the open market, which would be a first for the central bank.

Trading & Investment

RBI: Rapid Rise in Derivatives Trading Poses Challenges to Investors

By Ajoy K Das | 03/07/2024

Investor protection is key, since derivatives are more complex than underlying assets, said the central bank’s Financial Stability Report.

Resolution & Recovery

UBS Completes Merger With Credit Suisse Swiss Unit

By Editors | 02/07/2024

Sabine Keller-Busse, President of UBS Switzerland said the completion of the Swiss entities’ merger marks an important milestone.

PEPs & Sanctions

UniCredit Seeking Clarity on ECB’s Russia Exit Orders

By Editors | 02/07/2024

The ECB ordered UniCredit in May to further speed up its withdrawal from Russia. The bank is seeking legal clarity on its obligations.

Resolution & Recovery

China Releases Second Draft of New Financial Stability Law

By Manesh Samtani | 02/07/2024

The draft requirements for FIs to provide collateral to secure rescue funds from the new Financial Stability Guarantee Fund.

Capital Adequacy

US Banks Pass Fed Stress Test, Declare Higher Dividends

By Manesh Samtani | 02/07/2024

The “severely adverse” scenario showed that all 31 big banks tested could absorb nearly $685bn in losses and continue lending.

Resolution & Recovery

APRA Identifies Recovery Planning Weaknesses at Super Funds

By Editors | 02/07/2024

APRA said improvements are needed to meet new recovery and exit planning requirements by 1 January 2025.