Stress tests indicate 4 banks may fail to meet minimum capital requirements by September 2021 under the baseline scenario.
January 15, 2021The CBIRC says rural banks should boost capital, merge with other institutions, or introduce strategic investors to mitigate financial risks.
January 11, 2021State-owned banks based on their contributions to the economy, high quality development, risk management, and operational efficiency.
January 7, 2021Applicant must demonstrate a commitment to driving financial inclusion. Preference will be accorded to applications where the controlling interest resides with Malaysian nationals.
January 4, 2021In June 2019, the FSC designated CTBC Bank, Cathay United Bank, Taipei Fubon Bank, Mega International Commercial Bank and Taiwan Cooperative Bank as D-SIBs.
January 2, 2021Ant Group is directed to refocus on its payments business and correct regulatory violations in its credit, insurance, wealth management and asset securitisation businesses.
December 31, 2020The law requires the establishment of an internal group-wide risk management body, overseen the group’s top representative company.
December 15, 2020Financial institutions can add back a portion of their Stage 1 and Stage 2 provisions for ECL to Tier 1 capital over a four or three year period.
December 10, 2020Deputy Governor Chuchi Fonacier spoke to Regulation Asia about planned measures to promote digital payments, help MSMEs, and further strengthen the banking sector.
December 7, 2020Under a new notice, consumer finance companies and vehicle finance companies can apply to the CBIRC to reduce their required provisions coverage ratio.
November 19, 2020