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Credit Risk
China Allows Non-banks to Sell Bad Debt Overseas
By Manesh Samtani | 29/05/2018
SAFE also simplified the process for transferring NPLs to foreign investors for non-banks; previously only banks were allowed to sell bad debt to foreign investors.
Liquidity Risk
Philippines Further Reduces Reserve Requirements
By JP Reimann | 28/05/2018
The 100 basis point RRR reduction is expected to help facilitate healthy price discovery on the cost of funds in the financial system.
Capital Adequacy
BNZ Restates Capital Adequacy Ratios Due to Data Errors
By Garima Chitkara | 28/05/2018
BNZ reported a 34 basis point overstatement of its capital adequacy ratio in its most recent quarterly earnings due to data collection error, marginal overstatement of capital adequacy due to mistakes in collateral value calculation.
Market Risk
FRTB – Ending or Evolving Trading Culture
By Peter Guy | 28/05/2018
FRTB will force banks to change their operating models, bringing them out of product and trading desk silos. Bank trading culture and the trading desk concept may need to evolve to accommodate a wider picture of risk taking.
Data Privacy
China’s First Private Credit Scoring Firm Starts Operation
By Karen Chiu | 25/05/2018
Baihang Credit Scoring has become the first private credit-scoring firm in China, licensed by PBOC and backed by NIFA as well as 8 credit firms including Tencent Credit and Alibaba’s Sesame Credit.
Credit Risk
S. Korea Allows Wider Range of Assets as Loan Collateral
By Manesh Samtani | 24/05/2018
Loan collateral can include movable assets such as intellectual property, claims on future sales, half-finished goods, machinery, inventory, raw materials and electronic appliances.
Anti-Money Laundering
S. Korean Banks’ AML Programmes Under US Regulatory Scrutiny
By JP Reimann | 23/05/2018
New York State Department of Financial Services to conduct inspections at South Korean bank branches for compliance with AML regulations.
Resolution & Recovery
US Fed Vice Chairman Suggests Lower Capital Requirements for Foreign Banks
By JP Reimann | 21/05/2018
Vice chairman proposes lowering capital requirements, streamlining resolution rules of failing foreign banks, in acknowledgment of steps taken by other regulators.
Liquidity Risk
China Boosts Offshore RMB Liquidity as MSCI Inclusion Looms
By Garima Chitkara | 21/05/2018
PBOC allows offshore clearing banks to access mainland liquidity, cuts RMB reserve ratio of clearing banks to zero percent, among other measures.
Credit Risk
Hong Kong Bank Exposure Rules Gazetted
By Garima Chitkara | 21/05/2018
Government close to finalising legislative framework that will enable the HKMA to set concentration limits for banks’ equity exposures.
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