Prudential Risk

Data Privacy

Data Privacy in Asia Pacific: A Fragmented Landscape

By Sarah Pearce | 10/12/2019

Asia’s data privacy frameworks remain highly fragmented. But companies cannot be complacent about more onerous laws in other jurisdictions, says Sarah Pearce at international law firm Paul Hastings.

Credit Risk

ASIC Offers Clarity on Responsible Lending Obligations

By Editors | 09/12/2019

ASIC has clarified when a licensee might undertake more or less detailed inquiries and verification steps based on different consumer circumstances and the type of credit being sought.

Clearing & Post-Trade

ESMA Recognises India’s MCX Clearing Corp as Third Country CCP

By Editors | 09/12/2019

The recognition allows European participants to apply lower risk weights on their exposures to MCX CCL, which will translate to lower capital requirements.

Credit Risk

Australia Reintroduces Mandatory Comprehensive Credit Reporting Bill

By Editors | 09/12/2019

The revised Bill introduces a new category of credit reporting information, enabling hardship information to be reported alongside repayment history.

Capital Adequacy

India Finalises ‘On-Tap’ Licensing Regime for Small Finance Banks

By Editors | 06/12/2019

India’s central bank has issued its final guidelines for ‘on-tap’ licensing of small finance banks, doubling the minimum capital requirement to 2 billion rupees.

Capital Adequacy

RBNZ Final Capital Rules Require Banks to Raise NZ$20bn

By Garima Chitkara | 06/12/2019

New Zealand’s big four banks will have to increase capital to 18% of RWAs, and smaller banks to 16% of RWAs. Seven years will be given to implement the changes.

Capital Adequacy

Capital Deficit May Force Vietnam Majors to Halt Lending: SBV

By Editors | 06/12/2019

Vietcombank, BIDV, Vietinbank and Agribank are close to minimum capital adequacy requirements and may be forced to stop lending if they are not allowed to increase capital.

Capital Adequacy

CBIRC Finalises Net Capital Rules for Banks’ Wealth Management Units

By Editors | 06/12/2019

The regulator has fixed the minimum net capital for commercial lenders’ wealth management subsidiaries at 500 million yuan, and at least 40 percent of the net assets.

Emerging Prudential Risks

IMF Commends Hong Kong’s Financial System Resilience

By Garima Chitkara | 05/12/2019

The IMF also came out in support of the government’s policies to boost the economy, safeguard financial stability, and combat money laundering and terrorism financing.