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Emerging Prudential Risks
PBOC Launches Relending Facility for Equipment Upgrades
By Editors | 30/09/2022
The re-lending facility will provide low-cost funding for loans issued to support equipment upgrades, digital transformation and renovations by businesses.
Credit Risk
SEBI Issues New Rules for Ratings of Credit-enhanced Securities
By Editors | 30/09/2022
The rules require CRAs to make certain disclosures and conduct independent due diligence on the nature of support provided by an external or third party.
Market Risk
Standard Setters Publish Review of Global Margining Practices
By Editors | 30/09/2022
Market volatility and model reactions to volatility were responsible for the majority of the peak increase in IM requirements in March and April 2020.
Capital Adequacy
HKMA Consults on Pillar 3 Disclosure Requirements for Basel III
By Editors | 30/09/2022
Following consultation, the HKMA plans to submit revisions to the disclosure requirements in early 2023, ahead of Basel III implementation on 1 July 2023.
Emerging Prudential Risks
Korea Takes Emergency Measures to Stabilise Markets, Currency
By Editors | 29/09/2022
MOEF and BOK are buying government bonds to lower yields, and the FSC is preparing to reactivate a stock market stabilisation fund created during the Covid-19 pandemic.
Trading & Investment
PBOC Raises Costs for Firms to Bet Against the Yuan
By Editors | 29/09/2022
The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.
Resolution & Recovery
New Zealand Introduce Bill to Enhance Depositor Protections
By Editors | 28/09/2022
The legislation will introduce a deposit protection scheme, new supervisory powers for the RBNZ, and a new accountability framework for deposit takers’ directors.
Clearing & Post-Trade
India’s CCIL Proposes to Create Infrastructure for UMR Compliance
By Manesh Samtani | 28/09/2022
CCIL says market participants have expressed a desire since 2016 for it to provide the centralised infrastructure needed for UMR compliance.
Credit Risk
China Construction Bank to Set Up Fund to Buy Property
By Editors | 27/09/2022
The CNY 30 billion fund will be used to buy property from developers and turn them into rental housing, supporting efforts to contain China’s real estate crisis.
Credit Risk
HKMA Amends Interest Rate Stress Testing Requirement
By Editors | 26/09/2022
Banks must stress test mortgage borrowers’ debt servicing ability assuming a 200 bps rise in the mortgage rate, rather than 300 bps.
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