All posts tagged "credit rating"
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279Australia & NZRBNZ to Amend Connected Exposures Policy for Banks
The RBNZ proposes to remove the aggregate gross exposure limit and to allow banks to recognise credit risk mitigations when measuring aggregate net exposures.
December 1, 2021 -
111ChinaChina Announces Raft of Regulatory Changes for Insurance Sector
Requirements on the perpetual bond issuance have been revised and credit rating requirements for bond investments have been eased.
November 30, 2021 -
302Australia & NZ
RBNZ Directs Banks to Correct Liquidity Management Weaknesses
Banks have been sent a detailed list of the RBNZ's findings and instructions to develop remediation plans and conduct assessments against the findings.
September 9, 2021 -
179ChinaPBOC Scraps Rule Requiring Bond Issuers to Obtain Credit Rating
Requirements for bonds issued in the interbank market to obtain a credit rating have disincentivised rating agencies from properly disclosing credit risks.
August 12, 2021 -
163ChinaCSRC Penalises Yongcheng Coal, Executives for Fraud
Yongcheng Coal and its executives were fined for fraudulent disclosures and for inflating its books. The company defaulted on a CNY 1 billion bond last year.
August 6, 2021 -
283FeatureFSC Korea Grants Toss Bank Final Approval to Operate as Digital Bank
With the final approval, Toss Bank will officially launch as early as September, making it the third internet-only bank in the country.
June 10, 2021 -
236Fintech / RegtechS. Korea: Internet Banks to Boost Low Credit Score Lending
Internet-only banks will expand lending to mid to low credit borrowers to at least 30 percent of total lending by end-2023.
May 30, 2021 -
212ChinaShanghai, Shenzhen Bourses Consult on New Bond Issuance Rules
Rules requiring issuers to have credit ratings are removed, investor rights protection mechanisms are enhanced, and obligations on intermediaries are strengthened.
May 22, 2021 -
794Big PictureIndustry Body Outlines Best Practices in CCP Credit Risk Management
The best practices cover governance, model validation, annual credit reviews, operational capabilities, risk management, and portfolio monitoring.
May 8, 2021 -
486FeatureHKMA Issues Guideline on Green & Sustainable Finance Grant Scheme
The grant amount for each bond issue will be half of the eligible expenses, capped at HK$2.5mn for rated bonds and HK$1.25mn for unrated bonds.
May 5, 2021
