The new reporting policy will enable the central bank to monitor NBFI lending more closely and ensure provisions are being adequately maintained.
August 5, 202112 members of Malaysia's Joint Committee on Climate Change have committed to early adoption of the taxonomy, ahead of the July 2022 deadline.
August 5, 2021The RBNZ will further restrict high-LVR lending, and also consider the use of DTI restrictions and interest rate floors.
August 3, 2021The affected fintechs have until end-2021 to restructure their financial services businesses, and until end-2022 to clean up their credit reporting businesses.
July 21, 2021APRA proposes to introduce new expectations for banks requiring them to prepare for scenarios where interest rates fall to zero or turn negative.
July 14, 2021The banks include Credit Suisse, Central Bank of India, SBI, Bank of Baroda, Bank of Maharashtra, IndusInd Bank, and Indian Bank, among others.
July 13, 2021Market participants say that the earlier-than-expected RRR cut reflects policymakers' concerns that banks may be under stress and facing higher NPLs.
July 13, 2021Engagement with FIs regarding LIBOR transition planning has not yet started or had only just started in six FSB jurisdictions.
July 7, 2021Government risk sharing and lower-cost funding will keep borrowing costs low for local enterprises as they recover and adapt to the new normal, MAS said.
July 6, 2021MAS is conducting stress tests on local banks to assess whether it is necessary to extend existing restrictions on dividend payments.
July 5, 2021