Trust companies have three years to adapt to the new rules, but plans for how they will do so need to be submitted to the CBIRC within 30 days.
March 28, 2023In the first six months of 2022, cryptoassets under custody at banks declined 66 percent, largely due to fewer banks participating in the exercise.
March 3, 2023The amendments aim to increase the flexibility of asset securitisation as a fundraising tool, while also improving transparency and risk management.
February 27, 2023The draft guidelines are open for comment until 15 April 2023. The RBI intends for the guidelines to come into effect from 1 April 2024.
February 20, 2023The FSB is seeking academic papers that examine the extent to which securitisation operates on a sound and sustainable basis and provides appropriate alignment of incentives.
February 20, 2023Banks must classify "all financial assets that bear credit risk" according to the degree of risk, including bond investments, interbank assets, receivables, and off-balance-sheet assets.
February 13, 2023The rule, first proposed in 2011 but never finalised, will prohibit firms participating in asset-backed securities from betting against investors in those securities.
January 27, 2023Banks would be able to sell stressed assets to special purpose entities that issue securitisation notes for investors to buy.
January 27, 2023Jurisdictions have not finished implementing Basel III reforms to mitigate spillovers between banks and non-bank financial entities.
January 19, 2023MLH ADIs with more than A$1bn in liabilities are expected to reduce self-securitised assets held as contingent liquidity to at least 10% of total deposits and short-term wholesale liabilities.
December 12, 2022