Prudential Risk

Capital Adequacy

Hong Kong Set to Implement Group-Wide Supervision for Insurance

By Editors | 06/01/2021

Newly gazetted subsidiary legislation will allow the Insurance Authority to set capital, regulatory reporting and public disclosure requirements for insurance groups.

Credit Risk

PBOC, CBIRC Impose New Caps on Property Lending by Banks

By Editors | 05/01/2021

Loans to developers by large banks have been capped at 40% of total loans. Mortgages have been capped at 32.5% of total loans.

Credit Risk

BOT Eases SME Access to Soft Loan Programme Amid Pandemic

By Editors | 04/01/2021

The BOT has adjusted its definition of business groups to provide SMEs easier access to funding and will allow them to apply twice.

Credit Risk

BOK Extends Corporate Bond, Commercial Paper Support by 6 Months

By Editors | 04/01/2021

A special purpose vehicle created in July to support the corporate bond and commercial paper markets will be extended another six months.

Structural Regulation

BNM Opens Six Month Application Period for Digital Bank Licences

By Manesh Samtani | 03/01/2021

Applicant must demonstrate a commitment to driving financial inclusion. Preference will be accorded to applications where the controlling interest resides with Malaysian nationals.

Resolution & Recovery

HKMA Intends to Bring ‘Stay Rules’ into Operation in 2021

By Editors | 03/01/2021

Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.

Payments & Settlements

BSP Consults on Draft Policies to Strengthen Payment Systems

By Editors | 03/01/2021

The first draft policy covers governance policies for payment system operators. The second covers the local adoption of the PFMI for designated payment systems.

Emerging Prudential Risks

BOJ Expands Merger Incentives to Include Community Lenders

By Editors | 03/01/2021

The BOJ will pay an additional 0.1% interest to smaller lenders that decide to merge, integrate their businesses, or meet overhead reduction targets.

Capital Adequacy

Taiwan FSC Designates First Commercial Bank as Sixth D-SIB

By Editors | 02/01/2021

In June 2019, the FSC designated CTBC Bank, Cathay United Bank, Taipei Fubon Bank, Mega International Commercial Bank and Taiwan Cooperative Bank as D-SIBs.