All posts tagged "subsidiaries"
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110Capital RegulationHKMA Consults on Revised SPM on Group-wide Bank Supervision
The revised SPM accounts for holding companies established overseas and intermediate holding companies, including those that are unregulated or engaged in non-financial activities.
December 2, 2020 -
598Australia & NZAPRA Adjusts Capital Treatment of Equity Investment in Subsidiaries
The move is aimed at ensuring that any new or additional equity investments by banks in subsidiaries is backed by appropriate capital to reduce the risk to Australian depositors.
November 11, 2020 -
600Asia-PacificBSP Proposes New Reporting Requirements for Conglomerate-run Banks
Under draft rules, universal and commercial banks that are part of conglomerates will have to report information on all entities and assets in the conglomerate structure.
February 3, 2020 -
795Asia-PacificSri Lanka to Enact New Banking Act in 2021
The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.
January 10, 2020 -
485MalaysiaBNM Issues Revised Equity Exposure Rules for FIs
Financial institutions need BNM's prior written approval to acquire or hold 20% or more of the voting shares or voting power in a corporation. Compliance is required by 31 December 2021.
January 6, 2020 -
783Capital RegulationCBIRC Issues Revised Regulations for Foreign Banks in China
The revised regulations implement the removal of foreign ownership limits and asset thresholds for setting up local units, among other relaxations.
December 30, 2019 -
555Australia & NZAPRA Proposes Banks Hold More Capital Against Large Subsidiaries
APRA proposes to increase the amount of capital banks need to hold to support investments in large subsidiaries, such as their New Zealand units.
October 18, 2019 -
1.0KAsia-PacificMyanmar Allows Foreign Banks to Set Up Local Subsidiaries
Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.
May 25, 2019
