All posts tagged "reserves"
-
468Capital RegulationBOJ Offers Interest Incentive for Regional Banks to Merge
Regional banks can earn the interest rate by meeting certain overhead reduction targets or by agreeing to a merger with another bank.
November 11, 2020 -
723FeatureHKMA Invites Tenders to Implement LIBOR Transition for Exchange Fund
Interested parties should arrange project staff members who are familiar with or experienced in the Calypso system and LIBOR transition.
November 9, 2020 -
769Australia & NZRBNZ Governor Calls for Collective Response to Climate Risks
RBNZ has started reporting its own verified carbon footprint in its annual report, and is working on integrating climate risks into its supervision frameworks.
October 30, 2020 -
1.2KChinaPBOC to Establish Consumer Protection Fund for Payments
The new regulations are aimed at establishing a long-term mechanism for resolving and disposing of risks at non-bank payment institutions, the PBOC said.
October 16, 2020 -
630FeatureFSC Korea to Rein in Structured Products Issuance
The FSC will impose new rules for securities firms on stress testing, liquidity management, leverage and mandatory FX hedging, among its measures to protect investors from risky products.
August 4, 2020 -
735Big PictureThird Global Financial Crisis May Be Imminent: ex-HKMA Chief
Former HKMA head Joseph Yam worries that the world may slip into a third financial crisis due to insufficient liquidity and dwindling spending caused Covid-19.
July 30, 2020 -
531Australia & NZSri Lanka Relaxes Rules for Capital Inflows, Restricts Outflows
Sri Lanka has increased the amount of foreign currency that can be physically brought into the country to be deposited into a 'Special Deposit Account'.
July 17, 2020 -
785Asia-PacificSri Lanka Cuts Statutory Reserve Ratio, Expands Lending Facility
The CBSL has cut the statutory reserve ratio by 200 basis points, releasing $617mn in liquidity in the banking system. The size of its re-finance facility has also been tripled.
June 17, 2020 -
526Capital RegulationFSS Korea Directs Banks to Defer Business Expansion
FSS governor Yoon Suk-heun said financial firms should brace for a "prolonged fallout of Covid-19" and focus on boosting internal reserves and loss absorbency capacity.
May 27, 2020 -
751China
PBOC Issues Record Penalty Against Payments Firm
Allscore Payment Service was also found to have providing services for illegal gambling websites, embezzled customer funds and misappropriated reserve funds.
May 10, 2020
