In a bid to restart the Covid-19 impacted Chinese economy, the People’s Bank of China (PBoC) said on March 30, that it is injecting 50bn yuan ($7bn) into the banking system.
Asia-Pacific
Hong Kong regulators consult on adding eight firms to OTC derivatives clearing regime
Hong Kong regulators consult on adding eight additional entities to the Financial Services Providers (FSP) list under for the over-the-counter (OTC) derivatives clearing regime.
PBoC readying new laws to launch digital currency
The People’s Bank of China (PBoC) is a step closer to launching a central bank digital currency (CBDC) having completed, with the help of private companies, many of the technical functions to support it.
Coronavirus resurrects China’s bank NPL concerns
To help offset the economic damage from the coronavirus outbreak, Chinese regulators said they will tolerate a rise in bad debt in the banking system, which is seen as suspiciously low by some.
APRA to scrutinise bank climate change efforts more deeply
Banks in Australia will have to stress test their resilience to financial risks associated with climate change, the Australian Prudential Regulation Authority (APRA) said in a letter.
Hong Kong budget seeks to enhance territory’s attraction as financial centre
Hong Kong is taking measures to boost financial services in its budget, which include a range of tax cuts on certain financial activities.
China pumps in money to offset impact of corona virus on financial system
The People’s Bank of China (PBoC) reduced repo rates by 10 basis points on February 3 and separately deployed around RMB1.2tn ($173bn) into reverse bond purchases as the country returned to work after the Chinese New Year holidays.
Cleaning up Hong Kong’s IPO market faces several more years of reforms
Hong Kong’s huge success in attracting IPOs masks the fact that its stock market is still plagued with conduct issues and it is likely that there are several more years of regulatory reforms to come
China seeks compliance with EU rules as it internationalises its benchmarks
As part of making their benchmarks internationally usable by regulated financial firms, Chinese providers are increasingly looking to comply with the EU benchmarks regulation as a stamp of approval
China further opens banking market to foreign players
Measures have been put in place that remove total asset requirements for foreign banks establishing operations in China by the country’s banking regulator, which is also lowering rules around foreign shareholdings in joint venture lenders.
Most Viewed
- Banks can’t rest on laurels over operational resilience
- Towards a greener future: a defence of the EU’s taxonomy laws
- Spread of transaction taxes raises important operational issues
- Preparing for the shift to digital regulatory reporting
- MLRO’s have key role to play in protecting banks from money laundering risks
@RiskRegulator
