The rules will address differences in how banks have implemented the ECL method, and prevent its use as a "tool" to adjust profits.
May 23, 2022The campaign aims to resolve arrear payments due to SMEs for projects, goods and services purchased by government agencies, state-owned institutions and large enterprises.
May 23, 2022Inspections will assess whether accounting firms have adequate information security and systems for screening audit work papers for "secrets".
May 18, 2022The CSRC is currently asking A-share companies to disclose their ESG information on a voluntary basis, but in time they will be required to adopt international standards.
April 27, 2022Five state banks are asked to grant defer repayments and grant new loans to debtors who are already past due on old debt.
April 21, 2022The cut will free up an estimated CNY 530 billion in banking system liquidity to support the economy and keep financing costs stable.
April 18, 2022The law will support the establishment of a guarantee fund for financial stability, while also strengthening accountability for regulatory violations and improving protections for market entities.
April 11, 2022Regulators are calling on market participants to increase the use of IndONIA as an interest rate benchmark in rupiah financial products and instruments.
April 4, 2022Vietnam's prime minister has asked government ministries and the central bank to develop a legal and regulatory framework for virtual assets and electronic money.
March 31, 2022Japan to impose new requirements on crypto exchanges. G7 rejects Russian demand for gas payments in rubles. US to help EU reduce dependence on Russian energy.
March 30, 2022