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Credit Risk
India Supreme Court Temporarily Extends Borrower Relief
By Editors | 11/09/2020
The extension gives the government two weeks to decide on whether to extend a loan moratorium for borrowers and whether an interest waiver is warranted.
Climate Risk
CFTC Report Warns of Systemic Risks from Climate Change
By Manesh Samtani | 10/09/2020
The report calls on financial regulators to move “urgently and decisively” to measure, understand, and address the risks climate change poses to the US financial system.
Credit Risk
APRA Formalises Updated Guidance on Treatment of Deferred Loans
By Editors | 09/09/2020
Banks need not treat deferred loans as past due or impaired for capital or reporting purposes until after 31 March. New reporting requirements now apply.
Market Risk
ISDA Chief Urges Continued Work on Initial Margin Implementation
By Editors | 09/09/2020
Phase 5 implementation will be the most demanding phase yet, and firms will need to be ready well in advance to avoid a last-minute compliance bottleneck.
Credit Risk
RBI Issues Framework for Covid-related Loan Restructuring
By Editors | 09/09/2020
The framework sets out sector-specific floor and ceiling thresholds for five financial ratios that lenders mandatorily have to consider when restructuring loans.
Liquidity Risk
APRA to Amend Liquidity Rules for Banks – Report
By Editors | 08/09/2020
The changes will require banks to decrease their holdings of private sector liquid assets in favour of buying more government debt.
Credit Risk
SEBI Revises Mutual Fund Side Pocketing Standards
By Sanday Chongo Kabange | 08/09/2020
Previously, only debt securities downgraded below investment grade can be side pocketed. Side pocketing will be allowed for even higher-rated debts that are restructured due to Covid-19.
Market Risk
RBI Issues Draft Rules on Variation Margin Exchange
By Manesh Samtani | 08/09/2020
The rules are applicable to India-regulated financial firms, IFSC banking units, and FPIs with non-cleared derivatives exceeding 500bn rupees.
Liquidity Risk
FSB Defers Haircut Standards for Securities Financing Transactions
By Editors | 08/09/2020
The extensions will help to ease operational burdens on banks, broker-dealers and regulators, allowing them to focus on Covid-19 related priorities.
Supervision & Enforcement
CBIRC Fines Four Banks and Huarong for Violations
By Editors | 07/09/2020
Minsheng Bank, Zheshang Bank, Guangfa Bank, Huaxia Bank and Huarong Asset Management were fined a combined 320mn yuan for various violations.
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