State media said the RRR cut reflects the Chinese government's "responsibility to the world" after it resisted following the US in raising interest rates.
March 20, 2023Regulators intend to introduce a new capital buffer system which will be based on banks' risk management and stress test results.
March 17, 2023The CFR will monitor the fallout from the collapse of US banks through ‘intensive supervision' of Australia’s banking system.
March 17, 2023Steering Committee proposes to have a period of active transition until 30 April 2024, before banks initiate an industry-wide automatic conversion process around June 2024.
March 16, 2023Regulators are considering allowing shareholders to vote on executive compensation, introducing clawback provisions, and granting new bank approvals, among other measures.
March 6, 2023The big four will face questions about how they set interest rates, protect customers from scams, and support the flow of credit to small businesses.
February 21, 2023The right to request a lower loan interest rate was made law but acceptance of such requests in the financial sector has continued to be rare.
February 18, 2023The ACCC said banks have in most cases "fully passed" through interest rate hikes to their home loan rates, but less so to interest rates on deposit products.
February 16, 2023The mortgages are being repaid early due to high interest rates and low returns from wealth management products. Early repayment affects bank profits and reduces consumption.
February 10, 2023The 6 percent GDP decline in the adverse scenario makes it the most severe scenario ever used in the EU-wide stress test.
February 2, 2023