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Liquidity Risk
Laos Increases Bank Reserve Requirement to Tackle Inflation
By Editors | 19/06/2022
The central bank also adjusted its base interest rate and announced plans to issue a 6-month savings bond that will pay 20 percent annualised interest.
Clearing & Post-Trade
TAIFEX to Launch OTC Derivatives Clearing Service Next Month
By Editors | 17/06/2022
The FSC has granted TAIFEX recognition as a QCCP ahead of the launch, which will boost capital efficiency for market participants.
Payments & Settlements
Myanmar Grants Exemptions to FX Conversion Rule Ban
By Editors | 17/06/2022
Myanmar is granting granted an exemption to select companies involved in FDI approved by the Myanmar Investment Commission.
Credit Risk
New Zealand: Responsible Lending Rules to Change on 7 July
By Editors | 17/06/2022
Responsible lending laws introduced in December have been blamed for causing tighter credit conditions for New Zealand borrowers.
Resolution & Recovery
BOE Asks Major Banks to Improve Resolution Plans
By Editors | 17/06/2022
The BOE said it found shortcomings in resolution plans prepared by HSBC, Lloyds Banking Group and Standard Chartered.
Clearing & Post-Trade
HK Clearinghouses Adjusts Capital Requirement for GCPs
By Editors | 16/06/2022
General clearing participants have to maintain liquid capital of HK$100mn for their first five non-clearing participants, and HK$20mn for each additional non-clearing participant.
Cybersecurity
ASIC Calls on Listed Companies to Bolster Cyber Resilience
By Sanday Chongo Kabange | 16/06/2022
Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.
Emerging Prudential Risks
US Fed Raises Interest Rates by Most Since in 28 Years
By Editors | 16/06/2022
The HKMA has responded with a 75bp interest rate hike of its own, after intervening overnight to defend the HKD peg to the US dollar.
Operational Risk
HKIMR Explores Pandemic Lessons for Operational Resilience
By Editors | 16/06/2022
Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.
Climate Risk
BCBS Issues Principles on Managing Climate Risks in Banking
By Manesh Samtani | 15/06/2022
12 principles are aimed at banks and 6 are aimed at financial supervisors and regulators. Implementation is expected “as soon as possible”.
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