The PHP 10 million minimum capital requirement was raised to PHP 50 million, which is less than was proposed in May.
September 7, 2022OFSI provides no recognition (i.e., a 100% haircut) for Group 2 cryptoassets held as collateral, but is seeking views on hedging practices that could warrant a lower haircut.
August 29, 2022The ECB will look to ensure capital requirements criteria are applied when national regulators assess crypto-related licensing requests.
August 24, 2022The changes are mainly to cater for banks' reporting of equity investments in funds in accordance with the requirements that came into effect on 1 July.
July 13, 2022Peter Schiff's Euro Pacific Bank was forced to close over capital shortfall and regulatory violations. The bank has been at the centre of a global tax evasion probe.
July 7, 2022Ant Group is reportedly aiming to file a preliminary IPO prospectus as early as next month, subject to regulatory feedback on its financial holding company setup.
June 21, 2022Nellie Dagdag considers the implications of a move to T+1 settlement cycle for equities in Asia Pacific, and the benefits it will bring.
June 15, 2022RBAP president Albert Concha says higher capital requirements proposed by BSP will cause rural bank closures and stunt financial inclusion initiatives.
June 8, 2022Without 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, 2022