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Climate Risk
Near-term Economic Climate Change Impacts “Harder to Ignore”
By ESG Investor | 17/05/2022
New report says the near-term impacts of climate change are becoming ever harder for financial institutions to ignore.
Credit Risk
China Lowers Mortgage Rates for First-home Buyers
By Editors | 17/05/2022
The move is designed to revive the property market. Last week banks were also directed to adjust how they set deposit rates.
Credit Risk
China: State-owned Banks to Step Up Lending to MSMEs
By Darien Choong | 15/05/2022
State Council-approved measures call on state-owned banks to increase lending and repayment flexibilities for MSMEs.
Cryptocurrency
ISDA AGM Highlights Global Scrutiny of Crypto Sector
By Manesh Samtani | 14/05/2022
Senior officials from the FSB, Basel Committee, US SEC, and CFTC spoke at ISDA’s AGM about the need for more regulation in the crypto sector.
Capital Adequacy
CBSL Direct Banks to Halt Dividends as Sri Lanka Crisis Ensues
By Duruthu E Chandrasekera | 13/05/2022
Sri Lanka has appointed a new prime minister after protests turned violent. Banks are told to suspend discretionary payments through the “prevailing macroeconomic tumult”
Cryptocurrency
Countries Should Ensure Capital Controls Cover Crypto: IMF
By Editors | 12/05/2022
A new IMF paper calls on policymakers to preserve the effectiveness of capital controls by clarifying the legal status of crypto assets.
Credit Risk
PBOC Directs FIs to Bolster Support for Shanghai Borrowers
By Darien Choong | 12/05/2022
The PBOC’s Yu Wenjian said increasing lending is a key area where FIs can help Covid-hit firms to restart work and production.
Liquidity Risk
Capital Outflows Prompt HKMA Intervention to Defend Currency Peg
By Editors | 12/05/2022
The last time the HKMA intervened to defend a weakening HKD was in March 2019. The move is expected to raise borrowing costs.
Capital Adequacy
BSP Issues Guidelines on Strengthening Rural Bank Competitiveness
By Editors | 11/05/2022
The guidelines set out options to strengthen the rural banking sector, including through mergers, acquisitions or third party investment.
Emerging Prudential Risks
CBIRC Issues Rules for Launching Private Pension Products
By Darien Choong | 11/05/2022
A new CBIRC notice is aimed at encouraging banks, wealth management firms and life insurers to develop their commercial pension business.
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