Finland Financial Supervisory Authority (FIN-FSA) has indicated that it will, on a temporary basis, not impose administrative sanctions on supervised entities for not implementing strong controls to authenticate customers with
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Australia: Reporting Standard ARS 117.1 Interest Rate Risk in the Banking Book
The Australian Prudential Regulation Authority (APRA) has remade the Reporting Standard ARS 117.1 Interest Rate Risk in the Banking Book (IRRBB) (ARS 117.1), which was due to expire on October -
Botswana: Guidance on the regulatory treatment of IFRS 9 in the context of COVID-19
The Bank of Botswana has released two circulars to address IFRS 9 requirements during the COVID-19 pandemic. The first circular is on Guidance on the Regulatory Treatment of IFRS -
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 -
US: Federal agencies propose rule to amend the swap margin rule
US federal agencies have proposed to change the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities. The swap margin rule
December 5, 2019
Australia: Regulator proposes to enhance transparency around banking data
The Australian Prudential Regulation Authority (APRA) is proposing substantially increasing the volume and breadth of data it makes publicly available on authorised deposit-taking institutions (ADIs). APRA notes that the move towards greater transparency and scrutiny of the banking sector is aimed at increasing accountability, supporting competition and lifting overall Oceania & Antarctica
December 5, 2019
Israel: Draft guidelines for implementation of open banking standard
The Bank of Israel (Bank) has published draft guidelines for the implementation of opening banking in Israel. In order to increase transparency and access to information about the implementation, the Bank has established a designated portal (in Hebrew) on its website. The portal will also serve as a Europe
December 5, 2019
Canada: OSFI publishes final version of Liquidity Principles Guideline
The Office of the Superintendent of Financial Institutions (OSFI) has released the final version of Guideline B-6 on Liquidity Principles. Guideline B-6 sets out OSFI’s expectations around the management of liquidity risk for deposit-taking institutions. It complements the minimum liquidity requirements set out in the Liquidity Adequacy Requirements Guideline. North America
December 4, 2019
Canada: OSFI finalizes Guideline on Foreign Bank Branch Deposit Requirement
The Office of the Superintendent of Financial Institutions (OSFI) has published Guideline A-10: Foreign Bank Branch Deposit Requirement. Guideline A-10 addresses OSFI’s expectations with respect to the minimum deposit which authorized foreign banks must maintain in respect of their business in Canada. It establishes rules around the required North America
December 3, 2019
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 approval. The enhanced policy is aimed at facilitating access of OFWs to bank credit, in line with the BSP’s Asia & South America