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
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Basel Committee proposes revisions to the CVA risk framework
The Basel Committee on Banking Supervision (Committee) has published a consultative document on revisions to the credit valuation adjustment (CVA) risk framework. The paper seeks the views of stakeholders -
Netherlands: Central Bank to supervise cryptocurrency firms
Firms offering services for exchange between virtual money (cryptos) and regular money, and crypto wallet providers will be subject to De Nederlandsche Bank (DNB)’s supervision effective January 10, 2020. -
UK Government’s Bounce Back Loans Scheme: Observations on Credit Risk Mitigation Eligibility and the Leverage Ratio Treatment
The Prudential Regulation Authority (PRA) has published its observations on the risk-weighted treatment of exposures under the Bounce Back Loan Scheme, particularly eligibility for recognition as unfunded credit risk mitigation -
COVID-19: Bank of Mauritius clarifies announced moratoriums on loans to borrowers
The Bank of Mauritius has clarified announced moratoriums on loans by commercial banks in the country. Aimed to combat the adverse effects of the COVID-19 pandemic, the moratoriums are
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