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
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South Africa: Treatment of restructured credit exposures due to Covid-19 Pandemic
The Prudential Authority (PA) indicates it is supportive of Covid-19 relief initiatives, such as payment holidays being offered by banks in order to provide relief to certain borrowers in the -
Europe agrees on common stance for green investments in non-monetary policy portfolios
The Eurosystem central banks – the 19 national central banks of the euro area countries and the European Central Bank – have defined a common stance for applying sustainable and -
LIBOR Transition: US regulator publishes a self-assessment tool for banks
The Office of the Comptroller of the Currency (OCC) has issued a bulletin that provides a self-assessment tool for banks to evaluate their preparedness for the expected cessation of the -
FINRA Sanctions Transamerica Financial Advisors, Inc.
FINRA announces Transamerica Financial Advisors, Inc. has agreed to pay approximately $4.4 million in restitution to approximately 2,400 customers for failing to supervise its registered representatives’ recommendations of three different
April 6, 2020
US federal agencies announce changes to the Community Bank Leverage Ratio
The federal bank regulators have announced the issuance of two interim final rules to provide temporary relief to community banking organizations. The rules will modify the community bank leverage ratio framework so that: beginning in the second quarter 2020 and until the end of the year, a banking organization North America
April 4, 2020
Final implementation phases of margin requirements for non-centrally cleared derivatives deferred
The Basel Committee and the International Organization of Securities Commissions have deferred the final two implementation phases of the framework for margin requirements for non-centrally cleared derivatives by one year. Covered entities with an aggregate average notional amount (AANA) of non-centrally cleared derivatives greater than €50 billion will now Other
April 1, 2020
Canada: Capital treatment of federal programs to support COVID-19 efforts
The Office of the Superintendent of Financial Institutions (OSFI) has directed on how deposit-taking institutions (DTIs) should treat new capital they make available to small and medium-sized enterprises through recently announced government programs. The capital treatment for each program is as follows: i) Canada Emergency Business Account: DTIs North America
January 19, 2020
Canada: Prudential regulator consults on tailored capital and liquidity requirements for small banks
The Canadian prudential regulator (OSFI) has published a consultative document on advancing proportionality in the capital and liquidity regime for small and medium-sized banks. The document includes an overview of feedback that OSFI received in response to its July 2019 discussion paper. The document also outlines changes that North America