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GC Asia
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ECB ends dividend ban ahead of stress test
The European Central Bank took another step towards normality last Friday as it announced that the dividend and share buyback restrictions for eurozone banks will end in late September, coming ahead of the publication of the supervisor's latest stress test later this week.
12.00 PM -
The week in review: Chinese securities firms assigned annual ratings, PBoC tightens grip on listing of payment firms, Beijing cracks down on after-school tutoring sector
In this round-up, onshore securities houses receive their 2021 annual rating, the central bank requires pre-reporting from non-bank payment firms to go public, and the private education industry in China faces tough new regulations.
07.00 AM -
Commission circles date for Basel III proposal
The European Commission will have completed a legislative proposal for the finalisation of Basel III by early October, according to a new agenda published this week.
21 Jul 2021 -
PRA explains thinking on key areas of Solvency II review
The Prudential Regulation Authority gave more detail on the likely direction of reforms to the risk margin and the matching adjustment on Tuesday, as it launched a quantitative impact study for the review of Solvency II in the UK.
20 Jul 2021 -
ECB warns of shift to ‘weaker’ credit risk controls
The European Central Bank has said it fears many euro area lenders are failing to account for sharp rises in credit risk, which may become apparent once pandemic support measures have come to an end.
19 Jul 2021 -
The week in review: PBoC publishes digital renminbi white paper, seven regulators visit Didi for cybersecurity review, Beijing extends Tomorrow group units takeover timeline
In this round-up, the Chinese central bank releases the first white paper for its digital currency, regulators led by the Cyberspace Administration of China conduct an on-site inspection at Didi Chuxing Technology, and the takeover period of nine financial firms linked to beleaguered conglomerate Tomorrow Holding has been extended.
19 Jul 2021 -
China policy and markets round-up: Q2 GDP growth moderates, national carbon market starts trading, Tencent gets nod for $3.5bn Sogou take-private
In this round-up, China’s economic growth slows in the second quarter, Beijing launches the world’s largest carbon emission trading scheme, and the top market regulator approves Tencent Holdings’ plan to take US-listed search engine Sogou private.
16 Jul 2021 -
Most EU members miss first covered bond deadline
Only four member states have transposed the EU’s Covered Bond Directive into national law on time. As seven are nearly there, the other 16 members will have to work hard to meet the July 2022 deadline for implementation, after which the European Commission could activate infringement procedures.
15 Jul 2021 -
Regulatory innovation: we’re going to need a bigger sandbox
The Financial Conduct Authority has helped to put the UK at the forefront of financial innovation with its pioneering regulatory sandbox programme. While it has inspired similar schemes in various jurisdictions, its next big challenge is to implement this concept across borders.
15 Jul 2021 -
Georgia working on covered bond law
Georgia has become the latest country to signal its intention to develop a covered bond law, though given the small size of its mortgage market, issuance prospects are likely to prove limited.
15 Jul 2021
