Eleven banks will deposit $30bn into regional lender First Republic Bank, which has suffered credit downgrades and stock price declines in recent days.
March 17, 2023The IMF's Kristalina Georgieva has welcomed "decisive policy actions" by Sri Lankan authorities and the financial assurances obtained from major creditors.
March 16, 2023An IEEFA study has found “no direct relationship” between ESG credit scores and credit ratings, due to ratings providers still “evaluating companies the traditional way”.
March 16, 2023Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are asked to submit their responses by 31 July 2023.
January 24, 2023The impact of the final rules will be much lower in APAC than in Europe and the US because APAC jurisdictions rely less on internal models, Fitch says.
September 20, 2022Fitch Ratings said the new principles provide greater transparency but lack clarity on the use of proceeds for working capital and debt repayment.
August 17, 2022While there has been a surge of data disclosure in Asia, the lack of a unified set of rules across the region opens the door for inconsistencies.
August 3, 2022Banks whose capital adequacy falls below the regulatory minimum as a result of the new risk weights will have to reduce risk-weighted assets or raise new capital.
February 28, 2022Nine NBFIs have introduced fresh capital, while another 12 entities have received preliminary approvals for consolidation, the CBSL said.
February 8, 2022Sri Lanka is seeking advice from the IMF and credit from China, India, Pakistan and Australia, while the central bank offers to pay migrant workers for FX inflows.
February 3, 2022