Streamlined SRT process aims to optimize capital management while ensuring resilience The European Central Bank (ECB) is set to accelerate the approval process for Significant Risk Transfers (SRTs) , a move designed to improve capital efficiency for banks while maintaining financial stability. The ECB’s pilot program, scheduled to begin in early 2025 , will simplify procedures and reduce approval timelines, aligning with the growing demand for efficient capital allocation across European lenders. What’s Changing? The ECB, in collaboration with the European Banking Federation , is introducing a pilot program to shorten the SRT approval process. The notification period for SRT transactions will be reduced from three months to two weeks before deal finalization. The information submission requirements will be streamlined to ease regulatory burdens for banks. These changes are expected to make SRT transactions more attractive , all...
Genting Bhd: Resorts World Las Vegas, a subsidiary of Genting, appointed industry veteran Jim Murren as chairman and announced Alex Dixon as CEO, effective January 2025, signaling a strategic leadership update.
JAKS Resources Bhd: JAKS' subsidiary, MNH Global, plans to raise RM250 million via a medium-term note (MTN) programme to refinance existing financing.
KIP REIT: The Employees Provident Fund (EPF) acquired a 6.07% stake in KIP REIT through a private placement, marking its emergence as a substantial shareholder.
ITMAX System Bhd: ITMAX entered a joint venture with Aim-Force Sdn Bhd to develop smart parking enforcement solutions via a JV company, Enforcemax, with ITMAX holding a 70% stake.
OSK Holdings Bhd: OSK Property expanded its Kedah presence by acquiring 330.53 acres of plantation land in Sungai Petani for RM72 million, aimed at future property developments.
Kawan Food Bhd: Kawan Food diversified into IT equipment distribution through a joint venture with several individuals, including its chairman, via Reka Innotech Sdn Bhd.
Crescendo Corp Bhd: Crescendo sold five plots of land in Iskandar Puteri for RM120.06 million to a data center operator, marking its seventh land sale for data center development in Johor.
Cypark Resources Bhd: Cypark partnered with Terengganu Incorporated to develop a 500MW hybrid hydro floating solar plant at Tasik Kenyir, a first-of-its-kind renewable energy project in Malaysia.
FSBM Holdings Bhd: FSBM collaborated with US-based Synergies Intelligent Systems to introduce a consumer-to-manufacturer (C2M) platform in Malaysia, leveraging AI to enhance manufacturing efficiency.
MMAG Holdings Bhd: MMAG proposed a share capital reduction of RM270 million to significantly reduce its accumulated losses from RM290.2 million to RM20.37 million.
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