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Payments & Settlements
Sri Lanka Central Bank Asks Private Sector to Borrow Offshore
By Ranamita Chakraborty | 12/06/2021
A zero cost swap facility is being made available for private forms to convert foreign currency borrowings into domestic currency.
Resolution & Recovery
CBIRC Issues Final Rules on Resolution Planning for FIs
By Editors | 12/06/2021
Deposit-taking institutions, leasing companies, asset managers and insurers with assets exceeding a specified threshold are required to formulate recovery and resolution plans.
Capital Adequacy
HKMA Defers Implementation of Basel III Capital Standards
By Editors | 11/06/2021
Banks have an additional six months to implement the revised frameworks on credit risk, operational risk, output floor and leverage ratio. The market risk and CVA risk frameworks are also deferred.
Structural Regulation
Regulatory Harmonisation Critical to OTC Derivatives Reporting
By Priya Kundamal | 11/06/2021
The fragmentation of trade reporting rules and the lack of a common data set across jurisdictions hinders transparency and global risk monitoring, writes DTCC’s Priya Kundamal.
Emerging Prudential Risks
Korea to Require Lenders to Pay Into Microfinance Support Fund
By Sanday Chongo Kabange | 11/06/2021
Proposed revisions set the common contribution rate at 0.03 percent of the balance of household loans for each financial institution.
Capital Adequacy
BCBS Consults on Prudential Treatment of Cryptoasset Exposures
By Manesh Samtani | 11/06/2021
Bitcoin and other “Group 2 cryptoassets” will be subject to a 1250% risk weight to avoid exposing bank depositors and creditors to a loss.
Resolution & Recovery
RBI Adjusts Resolution Framework to Benefit More Borrowers
By Ranamita Chakraborty | 10/06/2021
More MSMEs, small businesses and individuals will be able to restructure their debt, a measure taken amidst the adverse impacts of India’s second Covid-19 wave.
Climate Risk
BOE Commences Climate Risk Stress Tests for Banks, Insurers
By Ranamita Chakraborty | 10/06/2021
The end result will be more robust management of climate-related financial risks across the sector, said BOE governor Andrew Bailey.
Emerging Prudential Risks
IMF Reaffirms Hong Kong Stability, Identifies Pockets of Risk
By Manesh Samtani | 10/06/2021
The IMF recommends enhancing monitoring of lending to Mainland China, increasing oversight over banking groups, and regulating mortgage lending by non-banks.
Structural Regulation
FSC Korea Grants Toss Bank Final Approval to Operate as Digital Bank
By Manesh Samtani | 10/06/2021
With the final approval, Toss Bank will officially launch as early as September, making it the third internet-only bank in the country.
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