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Payments & Settlements
Taiwan to Allow Insurers to Bring Investment Income Home
By Editors | 26/09/2022
Taiwan’s central bank may allow insurers to remit their overseas investment income back home to ease pressure on the TWD.
Emerging Prudential Risks
US Banks Pledge to Take Government’s Lead on Taiwan Issue
By Editors | 26/09/2022
JPMorgan Chase, Bank of America and Citigroup would exit China if so ordered by the US government in response to an attack on Taiwan.
Conduct, Culture & Accountability
RBI Issues New Standards for Compliance Function of UCBs
By Editors | 25/09/2022
Tier 4 UCBs and tier 3 urban cooperative banks are directed to appoint a chief compliance officer by 1 April 2023 and 1 October 2023, respectively.
Clearing & Post-Trade
AFME Considers Implications of an EU Move to T+1 Settlement
By Editors | 23/09/2022
AFME acknowledges the benefits of T+1 settlement but calls for an industry task force to be set up to conduct a detailed assessment.
Capital Adequacy
Australia: Bond Losses Wipe Out Central Bank’s Equity
By Editors | 22/09/2022
An accounting loss of A$36.7bn depleted the RBA’s reserve funds and left it with a negative net equity position of A$12.4bn.
Capital Adequacy
BSP Tightens Prudential Requirements for Digital Banks
By Editors | 21/09/2022
Digital banks must meet the same Basel III capital, liquidity and leverage requirements applicable to universal and commercial banks.
Capital Adequacy
RBI Removes Restrictions on Central Bank of India
By Editors | 21/09/2022
The bank is no longer in breach of the PCA parameters based on figures for the year ended 31 March 2022, the RBI said.
Operational Risk
SFC Calls for Licensed Personnel to Return to Hong Kong
By Editors | 21/09/2022
The SFC is concerned over operational risks at licensed corporations that are doing business without a responsible manager located in the city.
Climate Risk
Korean Banks, Insurers Meet to Discuss Climate Stress Tests
By Editors | 21/09/2022
KB Kookmin, Shinhan, Hana and Woori, along with six insurers, participated in the first meeting of a new working group set up to prepare for the stress tests.
Operational Risk
Citigroup Submits Plans to US Regulators to Address Deficiencies
By Sanday Chongo Kabange | 21/09/2022
Citigroup has about 30,000 people working on improvements and is hiring rival bankers and former auditors to beef up its risk and compliance teams.
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