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Capital Adequacy
HK to Introduce Incentives for Insurance-linked Securities Issuance
By Ranamita Chakraborty | 25/02/2021
Under the proposed ILS Grant Scheme, the amount of grant for each issuance will be capped at HK$12mn, depending on the maturity of the ILS.
Credit Risk
Philippine SEC Issues Implementing Rules for ‘Bad Bank’ Law
By Editors | 25/02/2021
The implementing rules cover the creation of so-called ‘FIST corporations’, as well as the processes they will use to acquire, transfer and manage non-performing assets.
Liquidity Risk
Hong Kong to Enhance Special 100% Loan Guarantee Scheme
By Editors | 25/02/2021
The maximum loan amount per enterprise, total loan ceiling, maximum repayment period, and duration of moratorium will be extended.
Structural Regulation
Australia On Track for Smooth IBOR Transition: S&P Global
By Manesh Samtani | 24/02/2021
Like other jurisdictions, AONIA does not yet have an established term market, however banks and corporates can reference the three-month BBSW where a term rate is needed.
Liquidity Risk
FSC Korea to Tighten Liquidity Rules for Credit Finance Companies
By Editors | 24/02/2021
Specialised credit finance companies will be required to implement new best practice guidelines on liquidity risk management, enhance disclosures, and use less leverage.
Operational Risk
CBIRC Issues New Guidelines on Reputational Risk Management
By Editors | 24/02/2021
The guidelines set out four principles for all CBIRC-regulated financial institutions to incorporate in their reputation risk management systems.
Operational Risk
Pandemic Provides Key Lessons on Outsourcing Risk: APRA
By Ranamita Chakraborty | 24/02/2021
Speaking at a virtual event hosted by GARP, APRA’s Sean Carmody said the pandemic highlighted financial industry dependencies on certain third-party providers.
Liquidity Risk
RBI Issues New Regulatory Framework for Housing Finance Companies
By Ranamita Chakraborty | 24/02/2021
Non-deposit taking HFCs with an asset size of INR 50 billion and above, and all deposit taking HFCs, will have to achieve a 100% LCR by December 2025.
Clearing & Post-Trade
DTCC Suggests Move to T+1 Settlement in US Markets
By Manesh Samtani | 24/02/2021
Reducing the settlement cycle to T+1 could reduce the NSCC’s value-at-risk clearing fund charge by 30-40 percent for sample portfolios, DTCC said.
Resolution & Recovery
DBS Faces Legal Challenge Following Takeover of Indian Bank
By Ranamita Chakraborty | 23/02/2021
DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.
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