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Liquidity Risk
China Set to Unveil New Stimulus, On Top Of Rate Cuts
By Manesh Samtani | 15/06/2023
Regulators are expected to further lower mortgage costs, boost re-lending through policy banks, and cut banks’ reserve requirements.

Credit Risk
RBI Asks CRAs for Information on Uncooperative Firms – Report
By Sanday Chongo Kabange | 14/06/2023
About half of the 40,000 companies rated in India do not share information with credit rating agencies.

Emerging Prudential Risks
US Lawmaker Calls for Reversal of FSOC Plans for Nonbank FIs
By Editors | 14/06/2023
Patrick McHenry said the FSOC’s plans to designate non-bank financial entities as systemically important based on size rather than activities will be problematic.

Capital Adequacy
MAS Finalises Implementation Timelines for Basel III Reforms
By Ranamita Chakraborty | 13/06/2023
All the reforms will be effective in Singapore from 1 July 2024, except the revised market risk framework and CVA standards. The output floor will be phased in over five years.

Cybersecurity
ASIC Invites Regulated Entities to Assess Cyber Resilience
By Editors | 13/06/2023
ASIC’s cyber pulse survey will measure entities’ current cyber security and controls, governance arrangements, and incident preparedness.

Payments & Settlements
IFSCA Consults on Regulations for GIFT City Payment Firms
By Mark Johnston | 13/06/2023
The proposed regulations cover authorisation, supervision, governance arrangements, and risk management.

Resolution & Recovery
UBS Closes Credit Suisse Deal, Imposes ‘Red Lines’ on Bankers
By Manesh Samtani | 13/06/2023
FINMA said its intensive supervision will “definitely continue”. MAS said it expects both banks to handle the implications for jobs “responsibly”.

Capital Adequacy
ISLA Warns of Basel III Impacts on Securities Finance Market
By Editors | 13/06/2023
ISLA expresses concerns about the potential adverse impact of Basel III on the global securities lending market.

Climate Risk
APRA Adds Climate Change Risk to New Statement of Intent
By Editors | 12/06/2023
A key update is the explicit inclusion of climate-related financial risks as a consideration for APRA’s duties.

Payments & Settlements
SEBI Permits Mutual Funds Greater Participation in Repo Market
By Mark Johnston | 11/06/2023
Mutual funds can participate in repo transactions involving commercial papers and certificates of deposit.
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