Prudential Risk

Resolution & Recovery

FSB Proposes Toolbox of Financial Resources and Tools for CCP Resolution

By Editors | 21/09/2023

New consultation report proposes a “toolbox approach” as a global standard for CCP financial resources and tools for resolution.

Capital Adequacy

MAS Finalises Notice for Implement Basel III Reforms

By Editors | 21/09/2023

The revised MAS Notice 637 will be effective from 1 July 2024. An additional year is provided for compliance with revised market risk and CVA standards.

Structural Regulation

Four Jurisdictions “Slow” on Approvals for UBS-Credit Suisse Merger

By Editors | 20/09/2023

Internal UBS document says uncooperative regulators could jeopardise the timeline of the merger as well as other related transactions.

Structural Regulation

Michele Bullock Begins Term as New RBA Governor

By Editors | 19/09/2023

Bullock will have to work on shoring up the RBA’s credibility and implementing the central bank’s biggest overhaul since the 1990s.

Trading & Investment

WFE Calls on Policymakers to Better Promote Equity Markets

By Manesh Samtani | 19/09/2023

From a policy perspective, it is important not to approach market-based finance in the same way as banking, the WFE says.

Fraud, Scams & Cybercrime

Chinese Police Arrest Employees of Evergrande Wealth

By Editors | 18/09/2023

Investors who bought Evergrande wealth management products are asked to report their cases. Evergrande’s life insurance unit has also been taken over.

Capital Adequacy

First Chinese Insurer Approved to Issue Perpetual Bonds

By Editors | 17/09/2023

Taikang Life’s approval comes a year after Chinese regulators said they would allow insurance companies to issue perpetual bonds to replenish their capital.

Resolution & Recovery

BIS Paper Suggests Redesign of AT1 Instruments May Be Warranted

By Editors | 17/09/2023

The paper says some market participants “may not fully appreciate” that writedown conditions  may differ across AT1 instruments.

Capital Adequacy

Taiwan FSC Releases Stress Test Results for Banks, Insurers

By Mark Johnston | 16/09/2023

Five insurance companies and three banks failed to pass the most “severe” scenario and have proposed capital improvement plans.