The Australian Prudential Regulation Authority (APRA) has commenced a second consultation on requirements in Prudential Standard APS 117 Capital Adequacy: Interest Rate Risk in the Banking Book (IRRBB). APA
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Prudential Regulation Authority consults on supervision of funding liquidity risk
The Prudential Regulation Authority (PRA) is consulting on proposals to update its approach to supervising liquidity and funding risk. The exercise is aimed at: i) reflecting relevant updates to -
Review of capital regime for UK credit unions
The Prudential Regulation Authority (PRA) is proposing changes to the capital requirements that apply to credit unions. For credit unions with more than £10m of total assets, the PRA -
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 -
Canada: OSFI announces Additional Regulatory Flexibility Measures in response to COVID-19 Pandemic
The Office of the Superintendent of Financial Institutions has announced further regulatory adjustments to support the financial and operational resilience of federal banks during the COVID-19 pandemic. The measures
December 1, 2019
Regulation of Mortgage Guarantee Companies in Nigeria
The Central Bank of Nigeria has published final Regulation for the Operations of Mortgage Guarantee Companies in Nigeria (Guideline). The Guideline prescribes the basic requirements for the business of providing mortgage guarantees to mortgage lenders. It sets the capital requirements for the Mortgage Guarantee Companies (MGCs). In addition, Africa
December 1, 2019
Isle of Man: Financial Services Authority amends AML/CFT Handbook
The Finacial Services Authority has amended the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Handbook. The regulator introduced the amendments partly to reflect the Financial Action Task Force’s statement entitled ‘Improving AML/CFT Compliance: Update on Ongoing Process.’ Full details of the amendments are available here. Europe
November 27, 2019
New Brunswick: Financial regulator launches unclaimed property program
The provincial government has introduced a new Unclaimed Property Act, which includes the creation of an unclaimed property program. The program, to be administered by the Financial and Consumer Services Commission, is expected to assist to protect New Brunswickers. It is also expected to facilitate the injection of North America
November 27, 2019
FSB: Updated regulatory framework for haircuts on OTC securities financing transactions
The Financial Stability Board has published updated regulatory framework for haircuts on certain non-centrally cleared securities financing transactions (SFTs). The framework aims to address financial stability risks associated with SFTs. The framework outlines numerical haircut floors applicable to non-bank-to-non-bank SFTs. Photo Credit: Pixabay Other