“China has decided to impose sanctions on those individuals who behaved badly on Hong Kong-related issues,” said a spokesperson, without specifying what the sanctions would entail.
Requirements to report forbearance granted to borrowers will ensure industry statistics reflect the “true health of the banking system” and incentivise prudence in banks’ credit decisions.
APRA will recommence public consultations on high-priority prudential policy reforms, and begin accepting new licence applications in September.
Feedback is sought on fallbacks for cash products referencing JPY LIBOR. Under the plan, issuance of new LIBOR based loans and bonds will cease by mid-2021.
China Imposes Reciprocal Sanctions Against US OfficialsAugust 11, 2020
InvestHK Announced Fast Track Fintech Development ProgrammeAugust 11, 2020
BSP Expects Sound Borrower Assessments, Forbearance ReportingAugust 11, 2020
APRA to Recommence Policy Work, Licensing ActivityAugust 11, 2020
Malaysia Works to Enable Real-time Cross-border PaymentsAugust 11, 2020
India: Gift City Regulator Targets International Retail BusinessAugust 11, 2020
CBIRC Fines Industrial Bank for Illegal Use of Interbank FundsAugust 11, 2020
Taiwan to Require IT Security Enhancements at Financial FirmsAugust 11, 2020
Singapore’s Central Depository Fined for Data Privacy BreachesAugust 11, 2020
Korea: FSS to Probe Frozen Notes Linked to Singapore, Hong KongAugust 10, 2020