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GC Asia
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EBA clarifies guidance on loans under moratoria
The European Banking Authority has made it clear when loans subject to Covid-19 moratoria should be classified as forborne exposures or distressed restructurings, following calls from the industry for further guidance in this area.
03 Apr 2020 -
China policy round-up: China keeps count on symptom-free infections, Mofcom restricts export of uncertified medical supplies
In this round-up, the Mainland is keeping a close eye on people who did not show any symptoms but still tested positive to Covid-19 and the country said medical supplies that do not meet domestic standards will not be exported.
03 Apr 2020 -
SRB plans to be ‘flexible’ over MREL, reporting deadlines
The Single Resolution Board has said it will offer banks some flexibility around their regulatory reporting deadlines, easing the operational strain on the sector during the coronavirus pandemic. But European banks are looking more clarity on certain elements related to the minimum requirement for own funds and eligible liabilities.
03 Apr 2020 -
New Zealand bans dividends and T1 redemptions
The Reserve Bank of New Zealand will prevent its financial institutions from redeeming subordinated bonds during the coronavirus pandemic, putting itself in contrast with other parts of the world, where banks remain free to manage their debt capital as they see fit.
02 Apr 2020 -
Member states to call for full regulatory flexibility for EU banks
EU finance ministers will call on regulatory authorities next week to be as flexible as possible so that banks can carry on lending through the coronavirus crisis, building on initial moves towards supervisory relief.
02 Apr 2020 -
China details stimulus plan, plans targeted RRR cut
China’s State Council has unveiled details on yet another stimulus package to support its economy, including more local government bonds, lower interest for loans and a potential cut in the reserve requirement ratio for smaller banks.
01 Apr 2020 -
Backlash against short selling ban grows
A financial industry fightback against bans on short selling by some jurisdictions is picking up pace, as lobbyists argued against the restrictions this week.
31 Mar 2020 -
China changes tack on supervising securities firms
The China Securities Regulatory Commission (CSRC) has selected six domestic securities houses to be regulated on a consolidated basis. The move will grant these firms more flexibility in risk assessment and enable them to have a higher leverage ratio.
31 Mar 2020 -
OSFI releases Canadian covered bond liquidity bottleneck
A leading covered bond investor has reacted positively to a series of measures announced by Canada’s Office of the Superintendent of Financial Institutions’ (OSFI) which have effectively provided stable access to emergency funding, including a temporary increase in the amount of covered bonds the country's banks can issue. The move comes after a heavy spell of supply that had sparked concerns that Canadian banks were struggling for cash.
31 Mar 2020 -
US gives sweet SA-CCR relief
US market participants’ can now use their preferred method of calculating counterparty credit risk (CCR) for derivatives, after US regulators brought the adoption of SA-CCR forward.
30 Mar 2020
