The initiatives seek to mitigate risks related to financial stability, insolvencies, scams, and virtual assets, while also promoting innovation and fintech.
February 1, 2023Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are asked to submit their responses by 31 July 2023.
January 24, 2023Under the revised rules, the BOJ can provide FIs both fixed and variable-rate loans across a range of tenors up to 10 years.
January 20, 2023The PBOC will channel CNY 80 billion of loans through the bad debt managers, who are asked to match the amount with their own funds.
January 18, 2023New guidelines require the use of biometric authentication systems to prevent password sharing among managers and employees.
January 18, 2023The bank faced $8bn in withdrawals, forcing it to sell $5.2bn in debt securities at a $718mn loss. Its stock has fallen 95% since Nov 2021.
January 11, 2023The FSS produced the guidance by analysing three years of cases where fraud and embezzlement were detected by external auditors.
January 9, 2023RBI stress tests for credit risk showed that commercial banks can meet minimum capital requirements even under severe stress situations.
January 8, 2023China's FSDC has also told banking and securities regulators to ensure extra support is provided to “systemically important” property developers.
January 6, 2023The portfolio manager failed to disclose that he had asked an investee company to help advance his daughter’s acting career and that it helped her obtain a film role.
January 6, 2023