The 6 percent GDP decline in the adverse scenario makes it the most severe scenario ever used in the EU-wide stress test.
February 2, 2023Stablecoins must be fully backed, redemption at par must be available at all times, and issuers must be licenced. Algorithmic stablecoins will not be accepted.
February 1, 2023The final phase of India's T+1 transition roadmap covered the country's largest listed securities, which transitioned to the new settlement cycle on Friday.
January 30, 2023The RBNZ intends to progress with proposals made in its November 2021 consultation, with some amendments following stakeholder feedback.
January 26, 2023The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.
January 25, 2023The OCC is looking to provide more transparency into its escalation framework for dealing with banks that become too big to manage.
January 24, 2023Under rules released in 2021, China's four G-SIBs will have to hold TLAC equal to 16 percent of their risk-weighted assets by 1 January 2025.
January 18, 2023The rules are intended to ensure control and ownership stay "well-diversified" and major shareholders are 'fit and proper'.
January 18, 2023Foreign shareholders can own up to 25% of a virtual bank. A BOT waiver raises this to a 49% limit. Three licences will be granted next year.
January 17, 2023AIA and PICC said the incorrect data in their solvency reports was due to an incorrect understanding of the rules as well as calculation errors.
January 12, 2023