Prudential Risk

Capital Adequacy

Japan FSA Proposes Revisions to Leverage Ratio Requirements

By Editors | 07/11/2021

For internationally-active banks, the new leverage ratio requirements will commence from 31 March 2023 and for other banks one year later.

Supervision & Enforcement

APRA Finds Underperformance Among Choice Super Products

By Sanday Chongo Kabange | 04/11/2021

APRA plans to release its first Choice Product Heatmap in late 2021, following from its launch of the MySuper Product Heatmap in December 2019.

Capital Adequacy

RBI Issues Revised PCA Framework for Weak Banks

By Editors | 03/11/2021

The profitability parameter has been removed in the revised PCA framework, which will also apply foreign banks operating in India through branches or subsidiaries.

Capital Adequacy

UK Postpones Consultation Signalling Basel III Implementation Delay

By Editors | 03/11/2021

Implementation of the final Basel III requirements will not take place in the UK according to the globally agreed timeline.

Resolution & Recovery

MAS to Implement Contractual Recognition Requirement

By Mark Johnston | 03/11/2021

Singapore banks have three years to ensure their foreign law financial contracts recognise MAS’ temporary stay powers regarding termination rights.

Stablecoins

US Regulators Call for Powers to Regulate Stablecoins

By Sanday Chongo Kabange | 02/11/2021

US regulators are calling for the enactment of legislation to ensure that stablecoin issuers are insured and subject to appropriate supervision and regulation.

Resolution & Recovery

PBOC, CBIRC Establish Final TLAC Rules for Chinese G-SIBs

By Editors | 02/11/2021

China’s G-SIBs must have total loss-absorbing capacity amounting to at least 16% of RWA and a leverage ratio of 6% by 1 January 2025.

Credit Risk

ABA Rolls Out New Guidance on Providing Hardship Assistance

By Editors | 02/11/2021

Some banks, such as Westpac, have already begun to implement practices within the guideline. Others will roll out the practices over the next 12 months.

Emerging Prudential Risks

FSB Reports Progress to G20 on Financial System Resilience

By Editors | 02/11/2021

The FSB emphasises a need to ensure that regulatory frameworks allow for the financial sector to harness the benefits of innovation while containing the related risks.