PBoC to focus on controlling systemic risks People's Bank of China has said that it will focus on controlling systemic risks in China's financial system and seek stable growth in aggregate financing, a measure of funding that includes loans, stock and bond sales. This signals the central bank's growing concern that a surge in non-bank lending over the past two years could lead to defaults, triggering social unrest.
BSP announces new banks capital requirements Bangko Sentral ng Pilipinas has issued stricter capitalisation guidelines that banks must comply with starting January 2014 to meet Basel III standards. Banks are currently required to hold 10% of their risk-weighted assets in capital. The new guidelines indicate that of this 10%, 7.5% must consist of Tier 1 capital. In addition, 6% out of this 7.5% must be common equity.
OCC warns banks about DDoS attacks US Office of the Comptroller of the Currency warned financial institutions about a recent wave of Distributed Denial of Service (DDoS) attacks targeting their networks and urged banks to share data about the attacks with one another and have necessary risk management plans to mitigate such attacks.
Re-disseminated by The Asian Banker
Please login to read the complete article. If you already have an account, you can login now or subscribe/register.