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Capital / Liquidity
Australia Proposes Industry-Funded Compensation Scheme of Last Resort
By Editors | 25/12/2019
The scheme will ensure that consumers and small businesses receive a payout in cases where compensation has been awarded but the financial services provider is unable to pay.
Capital / Liquidity
Taiwan Lowers D-SIB Surcharge Following Complaints from Banks
By Editors | 23/12/2019
The new rules ask Taiwan’s five D-SIBs to keep their capital ratios 2 percentage points higher than other banks, compared to 4 percentage points higher in the previous version.
Capital / Liquidity
APRA Modifies Large Exposures Framework for ADIs
By Editors | 23/12/2019
APRA has extended the exemption for government-related entities to connecting counterparties involving economic interdependence and control relationships.
Capital / Liquidity
BCBS Addresses Capital Requirements for “Crypto-Assets”
By Douglas Cheung | 23/12/2019
The BCBS consultation will likely give an indication of the banking industry’s mindset towards holding cryptoassets in the future, says Douglas Cheung at Wolters Kluwer.
Capital / Liquidity
China State Fund, UOB Among Investors to Rescue Hengfeng Bank
By Editors | 20/12/2019
A unit of China’s state fund, the Shandong government’s asset management arm, and UOB are among those that will invest in new shares to prop up troubled lender Hengfeng Bank.
Capital / Liquidity
ANZ Announces New Remediation Costs to ‘Fix’ 3.4m Customer Accounts
By Editors | 19/12/2019
At its AGM on Tuesday, ANZ announced an additional A$682mn charge for remediation work, where a total 3.4 million accounts “need fixing”.
Capital / Liquidity
HKMA Rebuts BOE Claim of Hong Kong Fund Outflows
By Manesh Samtani | 19/12/2019
The BOE said in its biannual Financial Stability Report that $5bn has left Hong Kong since April, but the HKMA says the figure does not represent outflows from the city’s banking system.
Capital / Liquidity
Jurisdictions Continue to Strengthen Deposit Insurance Systems: IADI
By Editors | 19/12/2019
The International Association of Deposit Insurers says the average coverage per depositor per institution has risen substantially in the last 10 years and that depositor reimbursements have sped up.
Capital / Liquidity
S. Korea Bans Mortgage Lending on High-Priced Homes
By Editors | 18/12/2019
To protect against a looming housing bubble, Korea has banned mortgage loans on homes valued over 1.5 billion won in government-designated speculative areas.
Capital / Liquidity
Chinese Banks Told to Further Reduce Small Business Borrowing Costs
By Editors | 18/12/2019
The State Council has asked banks to further lower financing costs for small and micro businesses and to increase lending to such businesses by 20% over the next year.
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