Speaking at a virtual event hosted by GARP, APRA’s Sean Carmody said the pandemic highlighted financial industry dependencies on certain third-party providers.
February 25, 2021In June 2019, the FSC designated CTBC Bank, Cathay United Bank, Taipei Fubon Bank, Mega International Commercial Bank and Taiwan Cooperative Bank as D-SIBs.
January 2, 2021DTCC’s David LaFalce highlights the need for firms to remove manual processes, re-evaluate their interconnectedness, and seek out opportunities for industry collaboration.
December 15, 2020Most G-SIBs are estimated to already meet the final 2022 minimum external TLAC requirement, and the market has so far absorbed issuance without difficulty.
November 19, 2020Fragmentation introduces distortions and inefficiencies, undermining financing when it is needed to facilitate the recovery from Covid-19, ASIFMA says in a new report.
August 5, 2020The IMF is adding climate-related factors to its existing stress-testing methodology to help government and private-sector leaders prepare for potential financial shocks.
February 8, 2020Maybank, CIMB and Public Bank have been designated as D-SIBs and will have to maintain extra capital buffers from 31 January 2021 to reduce the probability of failure.
February 6, 2020The BSP will give more importance to a bank’s size and interconnectedness when deciding which lenders should be classified as D-SIBs.
October 4, 2019The new charter bolsters the BSP's powers to exercise its core mandate of promoting a sound financial system and address risks arising from the financial system's interconnectedness.
March 4, 2019