The Office of the Superintendent of Financial Institutions (OSFI) has issued direction on capital treatment of the recently launched Highly Affected Sectors Credit Availability Program (HASCAP). Federally regulated lenders
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United Kingdom: PRA consults on Probability of Default and Loss Given Default Estimation
The Prudential Regulation Authority (PRA) has published a Consultation Paper (CP 21/19) on Probability of Default (PD) estimation and Loss Given Default (LGD) estimation. The PRA is seeking feedback -
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 -
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 -
Bank of England proposes to stress test financial stability implications of climate change
The Bank of England is consulting on its proposed framework for the 2021 Biennial Exploratory Scenario (BES) exercise, in relation to climate-related risks. The objective of the BES is
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