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Capital Adequacy
Basel III Implementation Timelines Deferred in Response to Covid-19
By Editors | 28/03/2020
The implementation date of the outstanding Basel III standards will be deferred by one year to 1 January 2023 to free up operational capacity for banks and supervisors.
Liquidity Risk
RBI Announces Broad Measures to Address Covid-19 Financial Stress
By Editors | 28/03/2020
The measures include a 3 month moratorium on term loans, deferred interest on working capital loans, $50bn of liquidity measures, and 6-month delays for NSFR, CCB and LEI implementation.
Structural Regulation
CBIRC Issues New Rules for Insurers’ Asset Management Products
By Editors | 27/03/2020
Insurance asset management products may not invest more than 35% of net assets in shadow banking assets, and may not invest in commercial banks’ credit assets directly.
Liquidity Risk
Australia: Super Funds Seek Liquidity Backstop Facility
By Editors | 27/03/2020
The government will allow individuals in financial stress to access superannuation savings, but may have underestimated the ability of super funds to meet withdrawals.
Credit Risk
China to Enhance Oversight of National Bad Debt Managers
By Editors | 27/03/2020
The reforms are said to be in part aimed at shielding the Ministry of Finance from risk. The Ministry is the largest shareholder of each of the national AMCs.
Liquidity Risk
SFC Steps Up Scrutiny of Fund Industry Amid Recent Volatility
By Editors | 27/03/2020
The SFC reminds managers, trustees, custodians and intermediaries of funds to look out for clients interests amid “unprecedented volatility across asset classes”.
Capital Adequacy
SC, Bursa Malaysia Ease Margin Financing Rules for Brokers
By Editors | 26/03/2020
Brokers are no longer required to liquidate client holdings, make margin calls, or impose haircuts on collateral if client equity balances fall below 130%.
Credit Risk
Indian Banks Directed to Extend Emergency Credit to SMEs
By Editors | 26/03/2020
The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.
Credit Risk
Malaysia: Lenders Need Not Assume Higher ECL for Rescheduled Debt
By Manesh Samtani | 26/03/2020
Given that regulatory action is driving debt rescheduling, lenders need not simply assume lifetime expected credit losses under MFRS 9 are relevant for all receivables.
Liquidity Risk
BOK Promises “Unlimited Liquidity” for Financial Firms
By Editors | 26/03/2020
South Korean authorities will also reduce the amount of high-quality foreign assets banks need to hold to free up additional US dollar liquidity.
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