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Resolution & Recovery
Korean Cabinet Approves Rules on SIFI Resolution Plans
By Editors | 23/06/2021
SIFIs will be required to prepare recovery and resolution plans and submit them to the FSS within three months from being designated.
Emerging Prudential Risks
BOJ Extends Covid-19 Support Measures Until March 2022
By Ranamita Chakraborty | 22/06/2021
The BOJ also said it will introduce a new programme to support investment and loans made by FIs to address climate change issues.
Emerging Prudential Risks
CBIRC Issues Draft Rules for Major Bank Shareholders
By Sanday Chongo Kabange | 21/06/2021
Major shareholders cannot use borrowed funds to invest in banks, take out loans from the banks they invest in, or have cross-shareholdings with other banks.
Credit Risk
AmCham Praises Taiwan For Easing Financial Sector Constraints
By Sanday Chongo Kabange | 20/06/2021
Taiwan was praised for easing rules on loan-loss reserves for foreign bank branches and for allowing foreign institutional investors to invest in ETFs.
Liquidity Risk
US Fed Extends Swap Lines with Nine Central Banks
By Sanday Chongo Kabange | 20/06/2021
The Fed has extended facilities provided to the central banks of Australia, Korea, Singapore and New Zealand, among others.
Credit Risk
Bursa Malaysia Offers Additional Relief to Listed Issuers
By Ranamita Chakraborty | 18/06/2021
Relief is provided to listed issuers with unsatisfactory financial conditions or an inadequate level of operations between 1 July 2021 and 31 December 2021.
Capital Adequacy
RBNZ Finalises 7-Year Roadmap for Higher Bank Capital
By Manesh Samtani | 18/06/2021
The minimum total capital requirement for banks will increase 9% from 1 July 2024. Banks will also be expected to hold a ‘Prudential Capital Buffer’.
Capital Adequacy
ASIC Enhances Capital Rules for Securities, Futures Firms
By Sanday Chongo Kabange | 17/06/2021
Securities market participants must hold core capital of at least A$500,000, up from A$100,000 currently required. One year is given for compliance.
Credit Risk
Korea: FSC, Lenders Agree to Extend Debtor Support
By Sanday Chongo Kabange | 17/06/2021
The application deadline for pre-workout programmes was due to end at the end of this month. This will be extended to 31 December.
Liquidity Risk
Facing the Next Crisis with Greater Liquidity Certainty
By Editors | 17/06/2021
More granular deposit modeling and enhanced stress testing approaches will augment liquidity risk management practices, says Gavin Pugh at AxiomSL.
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