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Structural Regulation
Korea to Limit Cross-shareholdings by Insurers in Affiliates
By Editors | 30/11/2022
Proposed bill targets Samsung Life Insurance, which controls a significant portion of the issued shares in Samsung Electronics.
Resolution & Recovery
PBOC Calls on Chinese D-SIBs to Improve TLAC
By Editors | 30/11/2022
The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.
Capital Adequacy
MAS Plans to Adopt BCBS Risk Weights for Cryptoassets
By Manesh Samtani | 30/11/2022
MAS will require Singapore banks to apply a 1250% risk weight for exposures to Bitcoin and Ether, pending the finalisation of the BCBS framework.
Operational Risk
APRA Publishes ‘One-stop Shop’ Guidance for Directors of ADIs
By Editors | 30/11/2022
The guide brings together all of the standards and PPGs needed to help directors navigate requirements that are specific to them, APRA said.
Emerging Prudential Risks
BCBS Warns of Risks from Bank Exposures to Leveraged NBFIs
By Editors | 30/11/2022
Bank exposures to NBFIs, particularly highly leveraged firms, could lead to excessive risk concentration and potential liquidity issues.
Emerging Prudential Risks
BNM Consults on Licensing Framework for Digital Insurers
By Mark Johnston | 30/11/2022
Digital insurers and takaful operators will initially be subject to a lower minimum paid-up capital requirement during a 3-5 year foundational period.
Capital Adequacy
ECB to Impose Capital Charges for Leveraged Finance Risk – Report
By Editors | 29/11/2022
The ECB is reportedly planning to impose higher capital requirements on banks to address risk in their leveraged finance businesses.
Cryptocurrency
Crypto Lender BlockFi Follows FTX Into Bankruptcy
By Editors | 29/11/2022
BlockFi said its liquidity crisis was due to its exposure to FTX as well as cryptocurrencies held on FTX’s platform that became trapped.
Data Privacy
Hong Kong Launches Platform to Accommodate Multiple CRAs
By Manesh Samtani | 29/11/2022
The Credit Reference Platform is a key step towards introducing multiple CRAs in Hong Kong, a plan set into motion by TransUnion’s 2018 data breach.
Structural Regulation
Australia Offers Three Options for Regulating BNPL Providers
By Sanday Chongo Kabange | 29/11/2022
The options seek to ensure BNPL is subject to appropriate regulation that balances consumer protection while still encouraging innovation.
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