Featured Product

    FSB Releases Update on Meeting of Regional Consultative Group for Asia

    June 14, 2019

    FSB published an update on the meeting of its Regional Consultative Group (RCG) for Asia. The meeting was hosted by Bank Negara Malaysia in Kuala Lumpur. The key topics of the discussion included design and use of financial-sector crisis simulation exercises, growth of nonbank financial intermediation, work on addressing climate change risks, and impact of regulatory reforms on small and medium enterprise (SME) financing.

    Discussions at the meeting involved the following topics: 

    • Vulnerabilities and financial stability issues, including risks from global trends, including the resumption of upward prices in risky assets, loosening of credit standards, and increases in the cost of credit.
    • Update on the FSB work program, particularly related to market fragmentation, financial innovation and fintech credit, and cyber incident response and recovery.
    • Design and use of financial- sector crisis simulation exercises: members were briefed on lessons learned from simulation exercises in Hong Kong SAR and Singapore and exchanged views on how a regional exercise could be conducted.
    • Growth of non-bank financial intermediation in Asia.
    • Exchange of views on the impact of the reforms on SME financing: observations included the fact that the recent consultation report on effects of financial regulatory reforms on SME financing does not identify material and persistent negative effects on SME financing; benefits and challenges of fintech credit for SME financing were also discussed.
    • Discussion on the financial risks, both physical and transition, resulting from climate change; analysis of recommendations put forward by the Network for Greening the Financial System; and exchange of views on the roles of financial institutions, central banks, and supervisors.


    Related Link: Summary of Meeting

    Keywords: International, Asia Pacific, Banking, RCG, Fintech, Financial Stability, Shadow Banking, Climate Change risks, FSB

    Related Articles
    News

    FED Adopts Proposal to Implement Reporting Form for SCCL

    FED adopted a proposal to implement the Single-Counterparty Credit Limits (SCCL) reporting form (FR 2590; OMB No. 7100-NEW).

    November 20, 2019 WebPage Regulatory News
    News

    FED Proposes to Extend Initial Compliance Dates Under SCCL Rule

    FED published a proposal to extend, by 18 months, the initial compliance dates for foreign banks subject to the single-counterparty credit limit (SCCL) rule.

    November 20, 2019 WebPage Regulatory News
    News

    CBIRC to Strengthen Supervisory and Policy Support for SME Services

    CBIRC released a notification on strengthening supervision and guidance to enhance the quality and efficiency of financial services for "small and micro-enterprises" (SMEs).

    November 20, 2019 WebPage Regulatory News
    News

    APRA Publishes Approach to Regulating and Supervising GCRA Risks

    APRA published an information paper that sets out a more intensive regulatory approach to transform governance, culture, remuneration, and accountability (GCRA) practices across the prudentially regulated financial sector.

    November 19, 2019 WebPage Regulatory News
    News

    US Agencies Update Rule on Derivative Contracts Exposure Calculation

    US Agencies (FDIC, FED, and OCC) announced a final rule updating the way certain banking organizations are required to measure counterparty credit risk for derivative contracts under their regulatory capital rules.

    November 19, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Rule to Amend Treatment of HVCRE Exposures

    US Agencies (FDIC, FED, and OCC) finalized a rule to modify the treatment of high volatility commercial real estate (HVCRE) exposures, as required by the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.

    November 19, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Changes to Rule on Supplementary Leverage Ratio

    US Agencies (FDIC, FED, and OCC) finalized changes to the capital requirement for banking organizations predominantly engaged in custodial activities, as required by the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.

    November 19, 2019 WebPage Regulatory News
    News

    IAIS Consults on Guidance on Liquidity Risk Management for Insurers

    IAIS is seeking feedback on the draft application paper on liquidity risk management for insurers.

    November 19, 2019 WebPage Regulatory News
    News

    IAIS Publishes Application Paper on Recovery Planning

    IAIS published the final application paper on recovery planning, along with the resolution of comments on the draft application paper.

    November 18, 2019 WebPage Regulatory News
    News

    FSB Publishes Summary of November Meeting of RCG for MENA Region

    FSB published a summary of the November meeting of the Regional Consultative Group (RCG) for Middle East and North Africa (MENA).

    November 17, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4174