The Basel Committee on Banking Supervision (Committee) has published a consultative document on revisions to the credit valuation adjustment (CVA) risk framework. The paper seeks the views of stakeholders
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Romania: Central Bank revises rules on determining the ROBID and ROBOR reference rates
The National Bank of Romania (NBR) has revised the Rules on determining the ROBID and ROBOR reference rates. The NBR indicates that the amendments will give additional impetus to -
Malta Government grants six months moratorium on loan repayments
Malta’s Minister for Public Health, in consultation with the Minister for Finance and Financial Services, has issued Moratorium on Credit Facilities Regulations in Exceptional Circumstances (Directive). The Directive mandates -
Ireland: New lending rules for credit unions
The Central Bank has issued new lending rules for credit unions. The rules remove the existing lending maturity limits which cap the percentage of credit union lending which may -
Banking Regulation: The Week of April 16, 2018
This review highlights regulatory interventions by supervisory authorities from around the world. 1. Canada: i) Office of the Superintendent of Financial Institutions – Final Total Loss Absorbing Capacity
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