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Capital Adequacy
PBOC Accepts Ant Group’s FHC Licence Application – Report
By Editors | 21/06/2022
Ant Group is reportedly aiming to file a preliminary IPO prospectus as early as next month, subject to regulatory feedback on its financial holding company setup.
Conduct, Culture & Accountability
Singapore Proposes Regulatory Regime for Debt Collectors
By Editors | 21/06/2022
The proposed legislation is aimed at addressing a rise in police reports against debt collectors who “caused alarm and nuisance”, the MHA said.
Credit Risk
FSC Korea Unveils Plans for Loosening Household Loan Rules
By Editors | 20/06/2022
Most debtors will still be subject to income-based restraints. A refinancing programme will allow borrowers to convert variable-rate mortgages to long-term fixed-rate mortgages.
Emerging Prudential Risks
Korea: New FSC, FSS Chiefs to Prioritise Stability, Growth
By Mark Johnston | 20/06/2022
The FSS will be led by former prosecutor Lee Bok-hyun, while the FSC will be led by Kim Joo-hyun, who helped guide Korea through the 2008 crisis.
Capital Adequacy
Can Data Standardisation Drive Regulatory Harmonisation?
By William Coen | 20/06/2022
William Coen and Dr Maximilian Dyck discuss the standardisation of Basel III data using bankruptcy remoteness and fair value accounting as examples.
Market Risk
RBI Consults on Initial Margin Rules for Uncleared OTC Derivatives
By Manesh Samtani | 20/06/2022
VM rules were proposed in 2020 and will now take effect from 1 December 2022. IM rules are open for comment until 29 July 2022.
Cryptocurrency
US Regulators Probe Celsius Suspension of Crypto Withdrawals
By Editors | 20/06/2022
Withdrawals have been suspended one week. Celsius says it is continuing efforts to stabilise its liquidity and operations, and that the process “will take time”.
Credit Risk
RBI Doubles Lending Limits for Cooperative Banks
By Editors | 19/06/2022
The higher lending caps are intended to account for rising housing prices and customer needs, the RBI said.
Cybersecurity
MAS Carries Out Cyber Resilience Exercise with French Regulators
By Editors | 19/06/2022
The joint exercise “fully confirmed” the ability of the MAS, BdF and ACPR to exchange and share information efficiently in times of crisis.
Market Abuse
US SEC Probes Insider Trading Controls at Crypto Firms: Reports
By Editors | 19/06/2022
The SEC is reportedly seeking information about how crypto exchanges protect their users from insider trading on their platforms.
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