Prudential Risk

Resolution & Recovery

China & HK Agree Cross-border Insolvency Framework

By Manesh Samtani | 18/05/2021

Hong Kong courts and Chinese courts in pilot cities will be able to recognise insolvency, bankruptcy and restructuring proceedings under each other’s laws.

Liquidity Risk

China Regulators Facilitate Financing Arrangements for Huarong

By Editors | 18/05/2021

The CBIRC has reportedly helped to facilitate the provision of liquidity support to Huarong until August through loans from state-owned banks.

Structural Regulation

Is Asia Ready for the End of LIBOR?

By Li Renn Tsai | 17/05/2021

Li Renn Tsai compares progress in Asia’s main trading hubs, warning of a logjam of transition-related operational work that will pile up towards year-end.

Trading & Investment

Credit Sensitive Alternatives to RFRs Have Limited Durability: Bailey

By Manesh Samtani | 17/05/2021

Non-financial borrowers may not want their cost of borrowing to be driven by thin liquidity in CP and CD markets, says BOE governor Andrew Bailey.

Cryptocurrency

BOK Seeks Authority to Monitor Crypto Transactions – Report

By Sanday Chongo Kabange | 15/05/2021

The BOK plans to use existing authorities to monitor crypto transactions, amid fears that risks in the sector could flow to the broader financial system.

Credit Risk

China: NAFMII Revises Rules for Credit Derivatives

By Editors | 14/05/2021

The rules remove a restriction that prohibited CDS and CLN from being linked to instruments other than non-financial corporate debt.

Resolution & Recovery

Korea to Establish a Third Corporate Restructuring Fund by Year-end

By Ranamita Chakraborty | 13/05/2021

The fund will be 45% funded by state-backed financial institutions, while the rest of the investment will come from the private sector.

Credit Risk

CBIRC Offers New Model for Trust Firms to Dispose of Bad Assets

By Sanday Chongo Kabange | 13/05/2021

Trust companies can transfer bad assets to the balance sheet of China Trust Protection Fund, which was set up in 2014 to provide liquidity support to the trust sector through loans.

Credit Risk

Taiwan Central Bank Calls For Prudence in Mortgage Lending

By Editors | 13/05/2021

While most Taiwanese lenders have been abiding by risk management rules, others have been less prudent, offering interest rates that are below market averages.