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Liquidity Risk
S. Korea Revises FX Derivatives Rule to Ease USD Funding Stress
By Editors | 18/03/2020
The limits on banks’ foreign currency forward positions will be raised to guard against a US dollar funding shortage amid a mass exodus of foreign capital.
Credit Risk
CBIRC Approves First National Bad Debt Manager in 20 Years
By Editors | 18/03/2020
Jiantou Citic Asset Management will transition into a financial asset management company, making it the first new national distressed debt manager authorised since 1999.
Conduct, Culture & Accountability
A Review of Post-GFC Regulatory Approaches to Bank Boards
By Editors | 18/03/2020
Of the 19 jurisdictions surveyed, all prescribe ‘fit and proper’ criteria to assess bank board members, however some authorities have no regulatory powers to approve their appointments.
Capital Adequacy
RBNZ to Delay Work on Regulatory Initiatives
By Editors | 18/03/2020
The move is aimed at reducing the regulatory burden on FIs, freeing up RBNZ and industry resources, and supporting the economy amid the coronavirus outbreak.
Credit Risk
IMF Offers Guidance on Offsetting Economic Impact of Covid-19
By Editors | 17/03/2020
Banks should be encouraged to undertake prudent renegotiation of loan terms for stressed borrowers, but loan classification and provisioning rules should not be eased.
Liquidity Risk
Sri Lanka Closes Stock Market, Cuts Policy Rates
By Editors | 17/03/2020
The central bank has also asked financial institutions to refrain from engaging in speculative activity, which it says “could lead to panic in the financial market.”
Capital Adequacy
New Zealand Announces NZ$12.1b Economic Stimulus Package
By Editors | 17/03/2020
New Zealand has announced a NZ$12.1bn economic rescue package in response to the novel coronavirus outbreak.
Trading & Investment
Philippine Markets Shut, Central Bank Promises Regulatory Relief
By Editors | 17/03/2020
The Philippines has halted stock, bond and currency trading ‘until further notice’. The BSP is urging banks to provide financial relief to customers and employees.
Structural Regulation
Japan Unveils New Foreign Investment Rules for Consultation
By Editors | 17/03/2020
Foreign financial institutions subject to regulatory supervision are eligible for a “blanket exemption” from the pre-notification requirement.
Market Risk
DTCC Offers Guidance on FRTB’s Risk Factor Eligibility Test
By Editors | 17/03/2020
Access to robust, high-quality price observation data is key to compliance with FRTB requirements to test the eligibility of the risk factors used in internal models.
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