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Liquidity Risk
BNM: Banks Can Use Govt Bonds to Meet Reserve Requirement
By Editors | 05/05/2020
The move is expected to release about $3.7mn of liquidity into the banking system. BNM has also cut its overnight policy rate to the lowest level since 2009.
Resolution & Recovery
Korea Development Bank Act Amended to Enable Bailout Fund
By Editors | 05/05/2020
Aid recipients will have to maintain staff in employment and refrain from dividend payouts, share buybacks and executive compensation.
Structural Regulation
Malaysia: SC Allows E-wallet, E-payment Firms to Distribute Investment Products
By Editors | 05/05/2020
Operators of e-wallet or e-payment applications can register with the SC and partner with capital markets licence holders to distribute investment products to investors.
Capital Adequacy
Philippines: BSP Allows Banks to Draw on Capital, Liquidity Buffers
By Editors | 05/05/2020
Banks that draw from the capital conservation buffer or fall below 100% LCR will not be considered in breach of Basel III rules.
Resolution & Recovery
FSB Issues Draft Guidance on Assessing CCP Financial Resources
By Editors | 04/05/2020
Five steps are proposed for public authorities to assess the adequacy of a CCP’s financial resources to support its orderly resolution and minimise financial stability risks.
Operational Risk
CBIRC Issues Directions to BOC Over Oil Losses
By Editors | 04/05/2020
The CBIRC has asked Bank of China to improve its risk management and to negotiate with investors in good faith over an estimated 10bn yuan in losses in its crude oil product.
Liquidity Risk
Super Funds Pay Out A$1.3b in First Week of Early Release Scheme
By Editors | 04/05/2020
The Association of Superannuation Funds of Australia estimates that super funds may have paid out A$7.1bn in total, including the second week of the initiative.
Credit Risk
BNM Faces Backlash Over Revised Moratorium Guidance
By Editors | 03/05/2020
The initial version of BNM’s FAQs appeared to suggest that no extra interest would be charged on hire-purchase loans under deferment, but a revised illustration shows interest can accrue.
Capital Adequacy
Glass Half Full: Basel IV Presents Opportunity for Constructive Change, COVID-19 the Impetus
By Editors | 03/05/2020
The COVID-19 pandemic is an additional catalyst for financial institutions to generate fundamental structural change as they seek to implement Basel reforms, says AxiomSL’s Mahim Mehra.
Liquidity Risk
SEBI Defers New Risk Management Norms for Mutual Funds
By Editors | 01/05/2020
Mutual funds now have until 30 June to comply with new norms on liquid assets, sector exposures, and money market and debt securities valuations.
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