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Capital Adequacy
CCyB Policy Was Effective in Mitigating Pandemic Shock: HKMA
By Sanday Chongo Kabange | 08/06/2022
The HKMA finds that the CCyB release was effective in supporting bank lending, thus achieving its policy objective as a countercyclical tool.
Capital Adequacy
New Capital Rules May Force Philippine Rural Banks to Close
By Editors | 08/06/2022
RBAP president Albert Concha says higher capital requirements proposed by BSP will cause rural bank closures and stunt financial inclusion initiatives.
Credit Risk
PBOC to Boost Incentives for Inclusive Small, Micro Loans
By Darien Choong | 08/06/2022
The PBOC will pay banks 2 percent of the incremental balance of inclusive small and micro loans, up from 1 percent previously.
Climate Risk
CFTC Consults on Climate Impacts to Derivatives, Commodities
By Editors | 07/06/2022
The CFTC may use the information collected to inform actions such as the issuance of new or amended guidance, interpretations, policy statements, or regulations.
Structural Regulation
ASIC Announces Updated Financial Reporting Rules for AFS Licensees
By Editors | 07/06/2022
AFS licensees’ financial reports must contain disclosures consistent with the financial reports of other for-profit entities, prepared under AASB standards.
Credit Risk
CBIRC Directs FIs to Offer Additional Relief to Covid-Hit Sectors
By Editors | 07/06/2022
The CBIRC is asking banks and insurers to improve the financial services they provide to enterprises in industries affected by Covid-19.
Operational Risk
MAS Finalises Revisions to BCM Guidelines for FIs
By Manesh Samtani | 07/06/2022
FIs have until 6 June 2023 to meet the requirements of the revised guidelines, and until 6 June 2024 to conduct their first BCM audit.
Operational Risk
HSBC, Hang Seng Suffer Internet Banking, ATM Disruption
By Editors | 06/06/2022
Finance sector legislator Chan Chun-ying said he expects the HKMA to demand detailed reports on the incident from the two banks.
Emerging Prudential Risks
RBNZ Proposes Changes to its Monetary Policy Remit
By Editors | 05/06/2022
The RBNZ suggests housing market objectives be excluded from the remit, just a year after it was amended to include house price considerations.
Market Risk
Philippine: DOF to Have Oversight of FX Trades by Govt Entities
By Editors | 04/06/2022
The Department of Finance is directed through a presidential order to provide oversight of FX derivatives activities of non-bank government entities.
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