BaFin has reduced the countercyclical buffer rate to zero percent effective April 1, 2020. According to the regulator, the rate reduction is aimed to strengthen the resilience of the
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The Bank of Lithuania issues Guidelines on Security Token Offering
The Bank of Lithuania has issued Guidelines on Security Token Offering (STO), becoming one of the first market regulators in the world to do so. The Guidelines focus on -
Switzerland: FINMA updates Guidelines on Financial Market Regulation
The Swiss Financial Market Supervisory Authority (FINMA) has updated its Guidelines on Financial Market Regulation. The Guidelines highlight how FINMA ensures a transparent and efficient regulatory process. They reflect -
Managing climate-related risks in Canada
Earlier today, Ben Gully, Assistant Superintendent (Regulation Sector) OSFI spoke to the work the prudential regulator is doing to create the basis for sound prudential decisions on climate-related risks. -
Sustainable Finance: Basel Committee reports on climate-related financial risk initiatives
The Basel Committee on Banking Supervision (Committee) has published a stocktake report on its members’ existing regulatory and supervisory initiatives on climate-related financial risks. Prepared by the Committee’s high-level
November 21, 2019
Australia: Regulator consults on further amendments to leverage ratio requirement
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 industry’s previous submissions. It seeks to incorporate changes to the Basel Committee on Banking Supervision’s leverage ratio standard. Stakeholders Oceania & Antarctica
November 21, 2019
Australia: Regulating governance, culture, remuneration and accountability risks
The Australian Prudential Regulation Authority (APRA) plans to intensify efforts to lift standards of governance, culture, remuneration and accountability (GCRA) across the industries it regulates. APRA’s intensified approach to GCRA aims to strengthen the resilience of financial institutions. The approach will address issues such as poor risk governance, Oceania & Antarctica
November 21, 2019
Basel Committee: Report on open banking and application programming interfaces
The Basel Committee on Banking Supervision (Basel Committee) has published its Report on open banking and application programming interfaces (APIs). The report monitors the evolving trend of open banking observed in Basel Committee member jurisdictions and the use of APIs. It discusses the implications of these developments on Other
November 20, 2019
Canada: OSFI publishes findings from consultation with deposit-taking institutions
The Office of the Superintendent of Financial Institutions (OSFI) has published findings from consultation with deposit-taking institutions. OSFI had commissioned an independent research firm to consult with deposit-taking institution CEOs, CFOs and other senior executives. Comprising of a series of confidential interviews, the purpose of the consultation was North America
November 19, 2019
Malaysia: Policy document on fair treatment of financial consumers
Bank Negara Malaysia has issued a policy document on Fair Treatment of Financial Consumers. The policy document aims to foster high standards of responsible and professional conduct in a financial service provider (FSP). The document seeks to promote a culture where the interests of financial consumers are an Asia & South America