The RBI is adopting a four-layer approach to regulating NBFCs. The new framework will take effect from 1 October 2022.
November 1, 2021In its financial system report, the BOJ said the delayed economic recovery is raising credit risks, particularly in the highly-leveraged real estate sector.
October 28, 2021Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.
October 19, 2021ASIC says there were 45 percent fewer loss-making retail client accounts and losses were smaller as a result of its October 2020 product intervention order.
October 19, 2021Unexpected credit losses could leave banks with inadequate loss-absorbing resources, warns a new working paper from the BIS.
August 21, 2021ASIC has received reports that investors who used unlicensed crypto-trading platforms have suffered losses due to excessive leverage, platform outages, or unfair liquidations.
August 19, 2021Covid-19 may yet test the resilience of the global financial system, as lenders could still face additional losses as support measures are unwound, the FSB warns.
July 14, 2021While economic disaster was averted, the BIS warns that considerable uncertainty remains that will present significant challenges for policymakers.
July 2, 2021Cash management products are prohibited from investing in stocks, convertible bonds, or any financial instrument rated lower than AA+.
June 17, 2021CBIRC chairman Guo Shuqing has highlighted credit risk, shadow banking, illegal fundraising, and derivatives trading as key sources of financial system risk.
June 15, 2021