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, 2023The BSP says the higher caps will cushion the impact of inflationary pressure and interest rate hikes on banks and credit card issuers.
January 27, 2023Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.
December 16, 2022Travellers to Hong Kong will be allowed to visit restaurants and bars on arrival. Travellers to the Mainland will no longer have to quarantine.
December 15, 2022The top three threats in DTCC's latest Systemic Risk Barometer survey were geopolitical risks & trade tensions, inflation, and cyber risk.
December 8, 2022Russia’s invasion of Ukraine has significantly added to pre-existing challenges associated with exiting from Covid-19 policy support measures.
November 16, 2022ASIC will target greenwashing, predatory lending and crypto investment scams, along with other "enduring" priorities involving misconduct and systemic compliance failures by large FIs.
November 7, 2022Implementation of requirements for non-life insurers to set aside more capital to guard against catastrophe risks have been postponed.
October 26, 2022The extension takes effect from 4 October, the same day applications for the New Start Fund open for small merchants and the self-employed.
October 4, 2022Central to success is a high level of commitment to a “digital first” strategy, both from the regulatory community and the wider industry.
September 25, 2022