The CBSL issued the directives after considering the possible adverse impact on liquidity and other KPIs of banks due to Covid-19.
July 28, 2021Credit Suisse expects a $4.7bn loss from the collapse of Archegos. The bank has suspended share buybacks, cut its dividend, and announced the departure of seven key executives.
April 7, 2021The dividend announcements are in line with the central bank's requirements for banks to limit payouts to 50 percent of 2020 net profit.
March 18, 2021Restrictions on capital distributions in the initial phase of the Covid crisis were effective in increasing bank lending, says new analysis from the BIS.
March 14, 2021The FSC noted that 27 of 40 major global economies are taking similar measures to restrict dividends and share buybacks to ensure financial sector stability.
February 10, 2021Foreign banks are also instructed to defer repatriation of profits not already declared for 2019 and 2020 until their financial statements for 2020 are finalised and audited.
January 24, 2021A continued prudent approach remains necessary until 30 September 2021, given the persisting economic uncertainty, the ECB says.
December 17, 2020Banks with more than $100bn in total assets are not allowed to initiate new share buyback programmes and dividends are capped based on recent income.
October 1, 2020During the six-month extension, the FSC plans to strengthen penalties for illegal short-selling and improve retail investor access to stock short sales.
August 28, 2020The G20 officials have pledged to continue using all available policy tools to help support the global economy and enhance the resilience of the financial system.
July 20, 2020