Most member jurisdictions have final rules in place for Basel III standards, though some are yet to come into force. China has progressed on TLAC rules.
November 4, 2020Restrictions on dividends and other payouts that can be imposed represent a 'first-mover disadvantage' to banks dipping into their capital buffers to support lending.
October 20, 2020Chairman Eun Sung-soo said the FSC could impose regulatory measures to curb rising household debt. Meanwhile, banks have indicated a growing aversion to household lending.
October 14, 2020A pilot climate stress testing exercise involving Hong Kong banks will commence early next year. A local green taxonomy is under development.
October 2, 2020While all banks will be able to continue lending in a 'pessimistic baseline' scenario, capital would fall under regulatory minimums in a 'very severe' scenario.
September 19, 2020Banks are instructed to take measures to ensure that their IT systems are ready for processing changes in the second round emergency loan programme.
September 19, 2020Digital lending platforms have 12 months to enhance disclosures and transparency to ensure borrowers are made to understand the implications of their borrowing decisions.
September 7, 2020The enhanced regulatory sandbox will commence on 1 September, following legislative amendments passed in February and subsequent regulations made in May.
August 26, 2020The consultation is open for comment until 25 September. The changes are proposed to be effective for the reporting period ending June 2021.
August 25, 2020The higher limit will encourage bank lending to households for the acquisition or construction of a residential real estate property the BSP said.
August 22, 2020