The Australian Prudential Regulation Authority (APRA) has released an updated prudential standard on credit risk management requirements for authorised deposit-taking institutions. The updated standard addresses recommendation 1.12 from the
-
Australia: APRA consults on standardised submission dates for ADI quarterly reporting
The Australian Prudential Regulation Authority (APRA) is consulting on a proposed standardization of quarterly reporting due dates for authorised deposit-taking institutions (ADIs). The proposed due date is 35 calendar -
US: CFPB issues policies to facilitate compliance and promote innovation
The Consumer Financial Protection Bureau (Bureau) has issued three new policies to promote innovation and facilitate compliance: the No-Action Letter (NAL) Policy, Trial Disclosure Program (TDP) Policy, and the Compliance -
Central Bank of Nigeria reiterates its ban on cryptocurrencies
In a circular to banks and other regulated financial institutions, the Central Bank of Nigeria (CBN) has reiterated that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges remains prohibited -
The Philippines: Enhanced guidelines on Peso consumer loans for overseas Filipino workers
The Monetary Board of the Philippines has approved an enhanced policy that allows banks to grant Peso consumer loans to Overseas Filipino Workers (OFWs) without Bangko Sentral ng Pilipinas (BSP)’s
April 21, 2020
Bank of Ghana directs banks to suspend distribution of dividends
The Bank of Ghana has directed banks and the Specialised Deposit-Taking Institutions (SDIs) to suspend declaring or paying dividends or distributing reserves to shareholders. These financial institutions are also not allowed to make irrevocable commitments regarding the declaration or payment of dividends to shareholders. The restrictions are aimed Africa
April 20, 2020
Prudential Regulation Authority publishes a set of Q&A on the usability of liquidity and capital buffers
The Prudential Regulation Authority (PRA) has published a document to answer some commonly asked questions on the usability of liquidity and capital buffers and their operation as outlined in PRA rules and guidelines. The regulator notes that the document is relevant to all banks to which the Capital Requirements Europe
April 19, 2020
COVID-19: The ECB provides temporary relief for capital requirements for market risk
The European Central Bank (ECB) has announced a temporary reduction in capital requirements for market risk, by allowing banks to adjust the supervisory component of these requirements. As well as smoothing procyclicality, the reduction aims to maintain banks’ ability to provide market liquidity and to continue market-making activities during Europe
April 18, 2020
COVID-19: Bank of Mauritius clarifies announced moratoriums on loans to borrowers
The Bank of Mauritius has clarified announced moratoriums on loans by commercial banks in the country. Aimed to combat the adverse effects of the COVID-19 pandemic, the moratoriums are deferments of repayment of capital and interest, where applicable, on loans for a specified period of time. According to Africa
April 17, 2020
OSFI issues an overview of the bank capital regime in Canada
The current economic instability caused by the COVID-19 pandemic has raised questions globally about how best to approach bank capital requirements and the resulting implications for bank dividend policies. To this extent, the Superintendent of OSFI provided an overview of the existing capital regime in Canada. This is in North America