Without early action, the UK's largest banks and insurers would suffer climate-related losses worth $418bn by 2050.
May 25, 2022Senior officials from the FSB, Basel Committee, US SEC, and CFTC spoke at ISDA's AGM about the need for more regulation in the crypto sector.
May 14, 2022The guidelines set out options to strengthen the rural banking sector, including through mergers, acquisitions or third party investment.
May 12, 2022Based on an average pre-tax return requirement, a total of 12 banks and 20 credit cooperatives are eligible to apply to open a new branch office in 2022.
April 30, 2022The hypothetical framework would replace the current set of buffers with a "single, releasable buffer of common equity", sitting on top of a low minimum requirement.
April 29, 2022The BSP says higher capital requirements will enable rural banks to enhance risk management, upgrade resources, and accelerate digital transformation.
April 28, 2022The BOE says it plans to publish a consultation paper on Basel III implementation in Q4, with a view to implementing the new capital rules in January 2025.
March 23, 2022Basel III implementation will be delayed until March 2024, due to the pandemic and the financial market turmoil caused by Russia's invasion of Ukraine.
March 17, 2022Effective from 28 March, RMOs will have to hold at least 25 percent of their annual operating costs in cash and cash equivalents.
March 2, 2022The HKMA will submit legislative amendments in early 2023 to implement the Basel III final reforms, which will take effect from 1 July 2023.
February 1, 2022