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Capital / Liquidity
FSS Korea Asks Insurers to Increase Loss Reserves
By Editors | 27/03/2022
FSS governor Jeong Eun-bo has warned insurers of a possible “perfect storm” building for the industry, citing rising interest rates and the war in Ukraine.
Capital / Liquidity
BOT to Cap Bank Investment in Digital Asset Businesses
By Editors | 27/03/2022
Thai banks will be allowed to invest up to 3 percent of capital in digital asset businesses. Such investment must also be ring-fenced from core banking operations.
Capital / Liquidity
RBNZ Raises Transparency of Regulatory Breaches by Banks
By Editors | 24/03/2022
The RBNZ has launched a new register to improve transparency about material breaches of key prudential requirements by banks.
Capital / Liquidity
BOE Offers Clarity on Basel III Implementation Timing
By Editors | 23/03/2022
The BOE says it plans to publish a consultation paper on Basel III implementation in Q4, with a view to implementing the new capital rules in January 2025.
Capital / Liquidity
RBNZ Proposes to Allow Mutual Banks to Issue Capital Instruments
By Editors | 18/03/2022
Mutual banks are currently unable to issue CET1 capital instruments, making it difficult for them to raise loss-absorbing capital, restricting their lending growth, and impairing their ability to compete.
Capital / Liquidity
Japan to Further Delay Implementation of Basel III – Report
By Editors | 17/03/2022
Basel III implementation will be delayed until March 2024, due to the pandemic and the financial market turmoil caused by Russia’s invasion of Ukraine.
Capital / Liquidity
New Zealand to Revise Responsible Lending Rules
By Mark Johnston | 15/03/2022
The new rules, introduced in December, were designed to protect the vulnerable but are making it more difficult for borrowers to obtain loans.
Capital / Liquidity
RBNZ Defers Effective Date of New Insurance Solvency Standards
By Mark Johnston | 10/03/2022
The interim standard will come into force on 1 January 2023. The RBNZ is also consulting on the penalties and enforcement tools it has available for supervising insurers.
Big Picture
Standard-setters Assess Adequacy of CCP Resolution Tools
By Editors | 10/03/2022
New report analyses default and non-default loss scenarios potentially extreme enough to require the use of CCP recovery and resolution tools.
Capital / Liquidity
APRA Imposes New Limits on the Use of Offshore Reinsurers
By Mark Johnston | 10/03/2022
Updated prudential standard sets limits on exposures to offshore reinsurers. If a life company exceeds these limits, additional capital would need to be held.
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