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Structural Regulation
RBNZ to Restrict Foreign Banks’ Branches from Retail Business
By Sanday Chongo Kabange | 25/08/2022
The RBNZ also proposes to limit the maximum size of a branch of an overseas bank to NZD 15 billion (USD 9.3 billion) in total assets.
Capital Adequacy
CFTC Extends No-action Relief for Foreign Nonbank Swap Dealers
By Editors | 24/08/2022
Nonbank swap dealers domiciled in Japan, Mexico, the UK and EU can rely on compliance with home country capital and financial reporting requirements until October 2024.
Structural Regulation
India Simplifies Regulatory Framework for Overseas Investment
By Editors | 24/08/2022
The regulatory framework for overseas investment has been aligned with the “current business and economic dynamics”.
Cryptocurrency
ECB Targets Harmonisation of Crypto Licensing Requirements
By Editors | 24/08/2022
The ECB will look to ensure capital requirements criteria are applied when national regulators assess crypto-related licensing requests.
Credit Risk
PBOC Cuts Mortgage Rates, Calls on Banks to Lend More
By Editors | 22/08/2022
The PBOC plans to offer special loans to financial institutions to help them increase lending to property developers.
Credit Risk
CBIRC Probes Banks to Assess Property Loan Exposures
By Editors | 21/08/2022
The “very detailed” assessment is aimed at measuring the risks to the financial system from the ongoing crisis in the property sector.
Structural Regulation
RBA to Establish Panel of Economists to Aid Policymaking
By Editors | 18/08/2022
The first meeting of the new panel is planned for 6 October, to discuss economic challenges and the appropriate role of forward guidance in monetary policy.
Credit Risk
China to Pilot Initiative to Speed Up NPL Disposals
By Editors | 18/08/2022
Authorities will initially consider selecting six provinces to pilot an initiative to speed up the disposal of bad loans from small- and medium-sized banks.
Cryptocurrency
South Korea Launches Private-Public Taskforce on Digital Assets
By Sanday Chongo Kabange | 18/08/2022
The new taskforce will examine new legislation that ensures a “proper balance” between innovation, and investor protection and financial stability.
Operational Risk
Korea FSS Probes Korea Investment & Securities Over System Outage
By Editors | 18/08/2022
The system outage occurred due to an electrical short circuit at Korea Investment & Securities’ main data processing computer centre.
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