CAPITAL / LIQUIDITY

Capital / Liquidity

Henan Bank Fraud: PBOC to Refund Customers With Deposit Insurance

By Editors | 19/06/2023

The PBOC has agreed to mobilise over CNY 10 billion from the national deposit insurance fund to repay customers who were defrauded by four rural banks.

Capital / Liquidity

Taiwan Implements Additional Controls on Mortgage Lending

By Editors | 17/06/2023

The central bank attributed the tighter credit controls to the increasing number of individuals taking out mortgages for second homes.

Capital / Liquidity

China Set to Unveil New Stimulus, On Top Of Rate Cuts

By Manesh Samtani | 15/06/2023

Regulators are expected to further lower mortgage costs, boost re-lending through policy banks, and cut banks’ reserve requirements.

Capital / Liquidity

US Lawmaker Calls for Reversal of FSOC Plans for Nonbank FIs

By Editors | 14/06/2023

Patrick McHenry said the FSOC’s plans to designate non-bank financial entities as systemically important based on size rather than activities will be problematic.

Capital / Liquidity

MAS Finalises Implementation Timelines for Basel III Reforms

By Ranamita Chakraborty | 13/06/2023

All the reforms will be effective in Singapore from 1 July 2024, except the revised market risk framework and CVA standards. The output floor will be phased in over five years.

Capital / Liquidity

HSBC Forms New ‘Innovation Banking’ Division Out of SVB UK Acquisition

By Sanday Chongo Kabange | 13/06/2023

The new ‘HSBC Innovation Banking’ brand will roll out globally in the coming months, with innovation-focused teams in the UK, US, Israel and Hong Kong.

Capital / Liquidity

UBS Closes Credit Suisse Deal, Imposes ‘Red Lines’ on Bankers

By Manesh Samtani | 13/06/2023

FINMA said its intensive supervision will “definitely continue”. MAS said it expects both banks to handle the implications for jobs “responsibly”.

Big Picture

ISLA Warns of Basel III Impacts on Securities Finance Market

By Editors | 13/06/2023

ISLA expresses concerns about the potential adverse impact of Basel III on the global securities lending market.

Capital / Liquidity

Credit Suisse Rescue Deal to Undergo Parliamentary Probe

By Editors | 11/06/2023

UBS has meanwhile finalised a guarantee agreement with the Swiss government and is now expected to close its Credit Suisse acquisition on Monday (12 June).