The Australian Prudential Regulation Authority (APRA) has released for consultation draft prudential standard on the leverage ratio requirement for authorised deposit-taking institutions. The consultation sets out APRA’s response to
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European Banking Authority consults on its STS framework for synthetic securitization
The European Banking Authority has launched a public consultation on its proposals for a simple, transparent and standardized (STS) framework for synthetic securitization. The consultation paper examines the rationale -
New AML rules for private businesses in British Columbia
Effective May 1, 2020, amendments to B.C. Business Corporations Act will require private businesses in the province to keep and maintain transparency records of beneficial owners. Information to be -
The Bank of Mauritius consults on a guide for the issue of sustainable bonds
The Bank of Mauritius (Bank) has published a draft Guide for the issue of sustainable bonds (Guide). According to the regulator, the draft Guide constitutes the first step towards -
Arab Monetary Fund consults on Digital Identity and e-KYC Guidelines
The Arab Monetary Fund (AMF) has published Digital Identity and e-KYC Guidelines in the Arab Region for public consultation. Prepared by AMF’s Regional FINTECH Working Group, stakeholders are to
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