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Credit Risk
China Allows Firms to Defer Housing Fund Contributions
By Editors | 30/05/2022
Companies affected by the pandemic can postpone payments of housing provident fund contributions for employees.
Fraud, Scams & Cybercrime
China Faces Protests in Henan Over Suspected Rural Bank Scams
By Editors | 30/05/2022
Bank customers in Henan province are demanding the return of billions of dollars of deposits after finding they were unable to withdraw their funds.
Capital Adequacy
Sri Lankan Banks Get Reprieve Amid Forex Crisis
By Duruthu E Chandrasekera | 28/05/2022
Banks can use their CCB and operate at 90 percent LCR and NSFR. IMF loan not expected until at least August.
Cryptocurrency
ECB Calls for Urgent EU Approval of MiCA Regulation
By Sanday Chongo Kabange | 28/05/2022
Crypto-asset markets currently show all the signs of an emerging financial stability risk, the ECB says in a report.
Operational Risk
MAS Raises OCBC Capital Requirement for Scam Incident
By Editors | 27/05/2022
OCBC has to apply a 1.3x multiplier to its RWA for operational risk, which translates to additional regulatory capital of S$330mn.
CBDCs
US Banks Lobby Against Possible Issuance of CBDC
By Editors | 26/05/2022
The American Bankers Association says a CBDC would risk moving 71% of bank deposits to the Fed and undermine the financial system.
Credit Risk
Taiwan Extends Application Period for Loan Deferrals
By Editors | 26/05/2022
Borrowers that have difficulty repaying their loans can apply for a three to six month deferment. The deadline for applications is 30 June 2023.
Credit Risk
PBOC, CBIRC Call on Banks to Boost Business Lending
By Darien Choong | 26/05/2022
Banks are directed to expand lending to SMEs amid concerns that China could struggle to record positive growth in the current quarter.
Trading & Investment
China Allows Expanded Use of Currency Hedging Tools
By Editors | 26/05/2022
Financial institutions are allowed to offer American-style and Asian-style FX options, in addition to European-style FX options already allowed.
Capital Adequacy
How Canada’s Big Banks Used Their War Chests During the Pandemic
By Lalinda Sugathadasa | 25/05/2022
Lalinda Sugathadasa analyses the approach Canadian regulators and D-SIBs adopted during the pandemic to remain profitable despite a build-up of excess capital.
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