Prudential Risk

Capital Adequacy

Korea Delays Basel III for New Online-Only Banks

By Editors | 17/05/2019

Only Basel I rules will apply for the first three years after launch. Basel III will be phased in from the fourth year onwards, including NSFR and the leverage ratio.

Liquidity Risk

BSP to Cut Reserve Requirements for Biggest Banks

By Editors | 17/05/2019

The 200 basis point RRR cut will take place over three phases by end-July, and free up an estimated $3.6bn in banking system liquidity.

Clearing & Post-Trade

ESMA Recognises India ICC as Third Country CCP

By Editors | 15/05/2019

The recognition gives India ICC QCCP status across the European Union. QCCP members are subjected to lower capital requirements/charges under Basel III.

Operational Risk

SC Malaysia Issues Guidelines on Business Continuity

By Editors | 15/05/2019

The Securities Commission requires each capital market entity to have business continuity management arrangements as part of ensuring systemic resiliency of the capital market.

Structural Regulation

US SEC Proposes Amendments to Cross-Border Swaps Rules

By Editors | 14/05/2019

The proposals address issues in applying security-based swaps rules in a cross-border context, and leave supervision of foreign trading practices and market structures to home supervisors.

Credit Risk

Chinese Banks Record Highest NPLs Since 2003

By Editors | 13/05/2019

Despite the rise in overall NPLs at China’s commercial banks, a boost in new lending and bad asset disposal resulted in lower NPL ratios.

Credit Risk

Cambodia to Launch Commercial Credit Reporting Service

By Editors | 13/05/2019

The new commercial credit reporting system, set for launch by end-May, will improve the lending process for more than 50 financial institutions in Cambodia.

Capital Adequacy

ISDA Outlines Key Steps to Initial Margin Compliance

By Manesh Samtani | 13/05/2019

Based on recent BCBS/IOSCO guidance, ISDA estimates that regulatory IM preparation can be deferred for upwards of 70-80% of Phase 5 counterparty relationships.

Cybersecurity

Financial Sector Cyber Resilience Relies on Global Cooperation – FSB

By Editors | 12/05/2019

Successful cooperation on cyber security will enhance financial sector resilience and prevent fragmentation, said the FSB’s secretary general Dietrich Domanski in speech to the G7.