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Capital Adequacy
China Issues New Rules to Promote Overseas Lending in RMB
By Editors | 02/02/2022
The new rules expand the ability of Chinese banks to lend RMB overseas and cooperate with overseas banks in their loan businesses.
Credit Risk
HKEX Calls for Improved Transparency in Annual Reports
By Editors | 02/02/2022
HKEX has referred cases to the SFC involving newly listed issuers entering investments or arrangements with the professional parties who helped them list.
Resolution & Recovery
India: Unity Small Finance Bank Takes Over PMC Bank Branches
By Sanday Chongo Kabange | 01/02/2022
Unity Small Finance Bank is offering immediate repayment of PMC Bank deposits up to INR 500,000, which makes whole 96 percent of depositors.
Capital Adequacy
Preparatory Work to Implement Basel III is Progressing: HKMA
By Editors | 01/02/2022
The HKMA will submit legislative amendments in early 2023 to implement the Basel III final reforms, which will take effect from 1 July 2023.
Reporting & Disclosures
MAS to Issue New Anti-Greenwashing Rules for ESG Funds
By Manesh Samtani | 31/01/2022
Greenwashing poses a “real and present danger” to industry efforts to advance sustainability considerations in their investment processes.
Cloud & Infrastructure
CBIRC Asks Banks, Insurers to Prioritise Digital Transformation
By Editors | 31/01/2022
New guidance urges banks and insurers to “vigorously promote” digital financial services and further develop their data and technology capabilities.
Credit Risk
Korea FSS Amends Rules to Facilitate Lending by Internet-only Banks
By Sanday Chongo Kabange | 30/01/2022
Internet-only banks will be allowed to use a lower weight for existing household loans when calculating calculating loan-to-deposit ratios.
Trading & Investment
ASIC, SFC Offer Guidance on FX Practices Following Joint Review
By Manesh Samtani | 27/01/2022
Financial groups should promote a strong risk culture, put in place appropriate supervision and surveillance, and ensure fairness and transparency in trade execution.
Operational Risk
BSP Implementing “RING” Approach to Protect Financial System
By Editors | 27/01/2022
“RING” stands for Risk management guidelines, Integrity, New technologies, and Governance standards, said BSP governor Benjamin Diokno
Credit Risk
Philippine SEC Reveals Establishment of Five ‘Bad Bank’ Entities
By Mark Johnston | 27/01/2022
Known as FISTCs, the five institutions are tasked with purchasing bad loans and NPAs from lenders accumulated during the pandemic.
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