Moody’s: Additional capital rule for important banks credit positive
On April 3, 2019, the central bank held a public consultation on the proposed designation of D-SIBs and the implementation of higher loss absorbency requirements for banks. — AFP pic
In a note today, it said the D-SIBs would increase Malaysia’s largest banks’ ability to absorb potential shocks and enhance banking system stability amid challenging operating conditions. Under the proposed framework, banks designated as D-SIBs would have to maintain an additional capital buffer of 0.5 per cent-1.0 per cent of Common Equity Tier 1 capital relative to risk-weighted assets on a consolidated group basis.
“Assuming all six of the Moody’s-rated Malaysian banks are designated as D-SIBs, we expect all of them would comfortably meet the higher capital requirement without having to raise additional capital because they maintain buffers well above the new minimum regulatory capital levels,” it said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Moody’s lowers Malaysia’s GDP outlook for 2019, 2020 | Malay MailKUALA LUMPUR, April 3 — Moody’s Investor Service today reduced Malaysia’s Gross Domestic Product (GDP) outlook to 4.4 per cent for this year, and 4.3 per cent for 2020. This is a further reduction from its January report, in which it expected the country’s GDP growth to slow down to 4.7 per...
Read more »
IOC evaluation chief ‘very, very positive’ about Milan-Cortina bid | Malay MailMILAN, April 4 — International Olympic Committee (IOC) evaluation commission chief Octavian Morariu today hailed Italy’s bid to host the 2026 Winter Games as “very, very positive” as inspectors visited the iconic San Siro Stadium where the opening ceremony would be held. Italy’s...
Read more »
Revamped Club World Cup important for Asia, says Infantino | Malay MailKUALA LUMPUR, April 6 — Fifa president Gianni Infantino has said his controversial plan to expand the Fifa Club World Cup can play a key role in further developing the club game in Asia despite European opposition. Infantino’s desire to expand the tournament from seven teams to 24 when it is...
Read more »
EPF credited RM9.51m in govt incentive into i-Suri scheme last year | Malay MailKUALA LUMPUR, April 5 — The Employees Provident Fund (EPF) has credited the government-approved incentive payment totalling RM9.51 million to the accounts of Caruman Sukarela i-Suri members for 2018. In a statement today, the EPF said the amount referred to the RM40 per month incentive...
Read more »
Malaysia remains leading Islamic capital market, says deputy finance minister | Malay MailKUALA LUMPUR, April 8 — Malaysia remains as a global leader in the Islamic capital market with RM1.88 trillion as at end-2018, representing approximately 61 per cent of Malaysia’s overall capital market, says Deputy Finance Minister Datuk Amiruddin Hamzah. Building on its strength in the...
Read more »
Apex court to rule on Najib’s appeals, including gag order bid next Wednesday | Malay MailPUTRAJAYA, April 5 — The Federal Court will deliver next Wednesday its decision on Datuk Seri Najib Razak’s appeals from his trial over RM42 million of former 1Malaysia Development Berhad (1MDB) subsidiary SRC International Sdn Bhd. It heard yesterday and today three appeals of the former prime...
Read more »
Historic Najib trial starts now, High Court judge rules | Malay MailKUALA LUMPUR, April 3 — The long-awaited trial of former prime minister Datuk Seri Najib Razak officially starts today. High Court judge Mohd Nazlan Mohd Ghazali ordered the trial to begin immediately even as Najib’s 10-man defence team led by Tan Sri Muhammad Shafee Abdullah flashed a...
Read more »
Penang Port Commission solicits development bids for land bank | Malay MailKUALA LUMPUR, April 2 — The Penang Port Commission (PPC) is calling for proposals to develop around 100ha of land it has amassed in prime locations around the state since before Merdeka. PPC chairman Jeffrey Chew said the decision to develop the land bank valued at over RM500 million would...
Read more »
Tottenham bank on new stadium to deliver bright future | Malay MailLONDON, April 2 — Tottenham throw open the doors of their new 62,000-capacity stadium tomorrow, hoping it will give them the financial firepower to compete with the Premier League and European elite. Mauricio Pochettino’s men will also banking on a short-term boost, with a dire run of results...
Read more »
Bank Negara: Pursuit of home ownership should not result in undue financial burden | Malay MailKUALA LUMPUR, April 2 — Malaysia is committed to providing adequate housing as well as ensuring affordability, habitability and accessibility, said Bank Negara Malaysia (BNM) deputy governor Abdul Rasheed Ghaffour. In his opening remarks at a Cagamas-World Bank Group conference on...
Read more »