BaFin has reduced the countercyclical buffer rate to zero percent effective April 1, 2020.   According to the regulator, the rate reduction is aimed to strengthen the resilience of the banking system in light of the Covid-19 pandemic.   Photo Credit: Pixabay

The Bank of England has published a discussion paper, “Transforming data collection from the UK financial sector.”   The paper is aimed at improving the timeliness and effectiveness of data collection from firms across the UK financial system.   The paper outlines issues facing the current data collection system. It

The Bank of England is consulting on its proposed framework for the 2021 Biennial Exploratory Scenario (BES) exercise, in relation to climate-related risks.   The objective of the BES is to test the resilience of the largest banks and insurers (firms) to the physical and transition risks associated with different

The Central Bank of Iceland has amended the rules on liquidity coverage requirements for credit institutions.    Currently, credit institutions’ liquidity ratio in all currencies combined is required to be at least 100% at all times. In addition, their liquidity ratio in all foreign currencies must similarly be at least

The Swiss Financial Market Supervisory Authority (FINMA) has updated its Guidelines on Financial Market Regulation.    The Guidelines highlight how FINMA ensures a transparent and efficient regulatory process. They reflect the new Ordinance to the Financial Market Supervision Act.   Further details are available here.   Photo Credit: Pixabay