The 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, 2020The RBNZ will also consult on re-instating LVR restrictions, maintain dividend restrictions for banks, and launch a new facility to provide cheap funding for banks.
November 12, 2020The move is aimed at ensuring that any new or additional equity investments by banks in subsidiaries is backed by appropriate capital to reduce the risk to Australian depositors.
November 11, 2020Fitch Ratings says the new regulations for conglomerates with interests in financial services will help contain systemic risks by limiting irregular financial activities and misconduct.
October 19, 2020The ABA says 45% of deferred mortgages and 41% of small and medium business loans that had been deferred are back to making regular loan repayments.
October 15, 2020HKMC recorded a new loss of HK$197mn for the first half of 2020. A revolving credit facility provided to HKMC through the Exchange Fund will increase from HK$30bn to HK$80bn.
October 6, 2020APRA proposes that ADI data related to capital adequacy, liquidity, asset quality, financial statements, and financial performance be determined non-confidential.
September 30, 2020