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Structural Regulation
BIS Paper Offers Policy Options for Regulating Bigtech
By Manesh Samtani | 17/03/2021
Authorities are assessing whether existing regulatory approaches are fit for the purpose of regulating the financial operations of bigtechs.
Trading & Investment
Hong Kong to Further Develop Structured Credit Markets
By Manesh Samtani | 17/03/2021
Structured credit products can help to raise green capital from international investors to support China’s transition to its 2060 carbon neutrality target.
Supervision & Enforcement
S. Korea FSC Revises Supervisory Regulation on Insurance
By Ranamita Chakraborty | 16/03/2021
The foreign exchange position limit of insurance companies will be increased from 20 percent to 30 percent of the total adjusted capital.
Structural Regulation
FSC Korea Issues Revised Capital Markets Rules
By Sanday Chongo Kabange | 15/03/2021
The new rules prohibit investors from placing multiple orders for IPO subscription via multiple brokerages and improve Chinese wall regulations
Operational Risk
JBA Issues Guidance in Response to Mizuho Glitches
By Editors | 15/03/2021
Banks are asked to carefully prepare for any major system upgrades involving extensive data processing, and to ensure appropriate lines of communication are established.
Climate Risk
APRA Outlines Next Steps in Key Climate-related Initiatives
By Sanday Chongo Kabange | 15/03/2021
APRA will consult on a draft prudential practice guide on climate change financial risk within H1. The first results of big banks’ climate vulnerability assessments will be ready by Q4.
Credit Risk
Chinese Banks Directed to Boost SME Lending by 30pc This Year
By Sanday Chongo Kabange | 15/03/2021
SMEs will also be offered tax reductions, low interest rates for credit, further loan repayment extensions, and reduced financing guarantee fees.
Capital Adequacy
Dividend Restrictions Effective at Increasing Lending Capacity: BIS
By Manesh Samtani | 14/03/2021
Restrictions on capital distributions in the initial phase of the Covid crisis were effective in increasing bank lending, says new analysis from the BIS.
Operational Risk
APRA Ends Westpac Probe into Possible Banking Law Breaches
By Editors | 14/03/2021
The investigation did not find evidence of breaches of the Banking Act or the BEAR, according to APRA Deputy Chair John Lonsdale.
Operational Risk
US Fed Threatens Supervisory Action for Slow LIBOR Work
By Manesh Samtani | 11/03/2021
Guidance for examiners suggests supervisory actions for firms that are not ready to stop issuing LIBOR-based contracts by end-December.
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