Prudential Risk

Emerging Prudential Risks

PBOC Outlines Achievements to Resolve Financial Risks

By Editors | 14/03/2022

The PBOC cited as examples the measures taken in relation to TMRW Group, Anbang, HNA Group, Baoshang Bank, Bank of Jinzhou and Hengfeng Bank, among others.

Emerging Prudential Risks

APRA, ASIC Outline Expectations on Retirement Income Covenant

By Ranamita Chakraborty | 14/03/2022

While RSE licensees are not specifically required to offer retirement income products, they are expected to consider making changes to existing products or offering external products.

Trading & Investment

Bangladesh Adjusts Circuit Breaker to Prevent Stock Market Losses

By Editors | 14/03/2022

Trading to be halted if a listed company loses 2% in value. BSEC also urging banks to make fresh investments in the stock market.

Structural Regulation

UPDATED – US LIBOR Legislation Advances in Omnibus Bill

By Editors | 11/03/2022

The bill is based on legislation that passed the House in December, and is similar to a law enacted by New York state and others in the past year.

Payments & Settlements

Taiwan FSC Approves Relaxations on OBU Account Use

By Editors | 10/03/2022

Companies are given greater flexibility to open and use offshore banking unit accounts held with domestic banks to take out foreign currency loans.

Structural Regulation

Philippine Regulators Issue Guidelines on Streamlining Bank M&As

By Sanday Chongo Kabange | 10/03/2022

Five agencies including the BSP and SEC will have a total 55 business days to process merger, consolidation, acquisition applications from banks.

Capital Adequacy

RBNZ Defers Effective Date of New Insurance Solvency Standards

By Mark Johnston | 10/03/2022

The interim standard will come into force on 1 January 2023. The RBNZ is also consulting on the penalties and enforcement tools it has available for supervising insurers.

Resolution & Recovery

Standard-setters Assess Adequacy of CCP Resolution Tools

By Editors | 10/03/2022

New report analyses default and non-default loss scenarios potentially extreme enough to require the use of CCP recovery and resolution tools.

Emerging Prudential Risks

CBSL Devalues Currency After IMF Calls for Market-based Rates

By Duruthu E Chandrasekera | 10/03/2022

Sri Lanka’s official exchange rate has been effectively pegged to the USD since April 2021. The IMF called for a return to a market-determined and flexible exchange rate.