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Credit Risk
Low Oil Prices Amplify Asset Risks at Singapore Banks: Moody’s
By Editors | 17/03/2020
The major concern for Singapore banks is the quality of loans to SMEs, which typically have lower financial flexibility and are more sensitive to operating and trade conditions.
Operational Risk
Singapore Banking Heads Discuss Independent Validation Function
By Shierly Mondianti | 17/03/2020
PwC spoke to DBS’s Sia Nam Chie and OCBC’s Simon Lavender about the challenges they faced setting up the independent validation function for BCBS 239 compliance.
Liquidity Risk
S. Korea Cuts Key Interest Rate to Record Low
By Editors | 17/03/2020
Bank of Korea has cut its key rate by 50 basis points to 0.75 percent, joining other central banks unveiling emergency measures to fight the coronavirus outbreak.
Payments & Settlements
RBI Intervenes to Provide US Dollar, Rupee Liquidity
By Editors | 16/03/2020
The RBI’s move to provide US dollar liquidity amid a sinking rupee had the unintended consequence of squeezing liquidity in its domestic currency.
Liquidity Risk
RBA Mulls First-Ever Quantitative Easing Programme
By Editors | 16/03/2020
The RBA says it stands ready to buy government bonds in the secondary market, while APRA and ASIC are tasked with ‘adjusting’ regulatory requirements to boost credit availability.
Liquidity Risk
UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases
By Editors | 16/03/2020
The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.
Credit Risk
RBI Amends Exposure Norms for Urban Cooperative Banks
By Editors | 16/03/2020
The single borrower and group exposure limit will be 15% and 25% of tier 1 capital, respectively, compared to 15% and 40% of total capital previously.
Resolution & Recovery
India’s Cabinet Green Lights Yes Bank Rescue Plan
By Editors | 16/03/2020
State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank’s equity. The bank’s moratorium will be lifted on Wednesday.
Capital Adequacy
RBNZ Defers Implementation of New Capital Framework
By Editors | 16/03/2020
The deferment will enable banks to supply up to around NZ$47bn in additional lending to households and businesses, the RBNZ estimates. The OCR has also been cut to 0.25%.
Capital Adequacy
HKMA Responds to Fed Rate Cut, Reduces CCyB
By Editors | 16/03/2020
The base rate is being adjusted downwards to 0.86%, while the countercyclical capital buffer is being reduced from 2.0% to 1.0% to bolster lending.
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