Credit Suisse's resolution plan had two deficiencies relating to its cash flow forecasting capabilities and governance for its US operations. BNP Paribas had one shortcoming.
December 20, 2022The agencies said the shortcoming raises questions about the bank's ability to produce accurate financial information during stress conditions and could undermine its resolution plan.
November 24, 2022Bank of America will have to meet a higher capital buffer requirement, while China Construction Bank and BNP Paribas will have to meet a lower buffer requirement.
November 22, 2022Foreign-funded multinational groups can directly establish domestic finance companies to provide financial services to their member units in China.
October 20, 2022Under the new framework, ARCs can act as resolution applicants under the Insolvency and Bankruptcy Code.
October 17, 2022China Minsheng Banking Corp was moved from Group 2 to Group 1, lowering its additional capital requirement.
September 12, 2022In its latest corporate plan, APRA said its focus is to 'protect the community today' and ensure the financial system is 'prepared for tomorrow'.
August 15, 2022The proposed rules also raise the capital requirements for finance companies, while strengthening risk management and governance obligations.
August 9, 2022The BOE said it found shortcomings in resolution plans prepared by HSBC, Lloyds Banking Group and Standard Chartered.
June 17, 2022Sudden sharp movements in asset prices could spill over across the financial system and the unwinding of policy support could prompt insolvencies and credit losses.
October 29, 2021