Prudential Risk

Resolution & Recovery

Japan, EU to Cooperate on Cross-border Resolution Planning

By Editors | 17/10/2019

Through an exchange of letters, Japan’s FSA and the EU’s SRB have agreed to cooperate to plan for and conduct orderly cross-border resolutions of banks.

Emerging Prudential Risks

PBOC Clarifies Definition of ‘Non-standard’ Credit Assets

By Editors | 17/10/2019

The clarification is important for new rules that will impose a cap on investments in non-standard credit assets by banks’ wealth management products.

Cloud & Infrastructure

Beyond Data Governance: Developing a Data Culture in Asia’s FIs

By Garima Chitkara | 17/10/2019

To create a truly competitive advantage and achieve their commercial goals, Asia’s financial institutions need to integrate strong data culture into their data governance approaches.

Clearing & Post-Trade

FSB Reports on OTC Derivatives Reform Progress

By Editors | 16/10/2019

Comprehensive trade reporting requirements are in force in 23 of 24 FSB member jurisdictions, and authorities are increasingly making use of trade repository data.

Capital Adequacy

Philippines: BSP Approves Amended D-SIBs Framework

By Editors | 16/10/2019

A bank’s size and interconnectedness will be given greater importance in the assessment to determine its systemic importance in the Philippines.

Structural Regulation

SGX RegCo Raises Bar for Property, Business Valuations

By Editors | 16/10/2019

SGX RegCo is enhancing its cooperation with professional bodies to improve the valuation of property, land and businesses held by listed companies.

Structural Regulation

FSC Korea Receives Applications for Internet-only Bank Licences

By Editors | 16/10/2019

The FSC said it plans to make a decision on initial approvals in December, after three consortia submitted bids in the second round of applications for internet-only bank licences.

Emerging Prudential Risks

FSB Highlights Market Fragmentation Issues in Letter to G20

By Manesh Samtani | 15/10/2019

In a letter to the G20 finance ministers and central bank governors, the FSB says the development of post-crisis reforms is “nearly complete”, but implementation progress remains uneven.

Capital Adequacy

HKMA Cuts CCyB in Response to Worsening Economic Conditions

By Editors | 15/10/2019

The first CCyB cut since 2015, the move is expected to free up between HKD 200-300 billion in the financial system and make it easier for banks to lend to SMEs.