The Central Bank of Kuwait (CBK) has announced a liquidity management and forecasting dashboard. According to CBK, the dashboard will enhance the ability to forecast liquidity conditions more accurately
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Australia: Prudential regulator modernizes standard on banking credit risk management
The Australian Prudential Regulation Authority (APRA) has released an updated prudential standard on credit risk management requirements for authorised deposit-taking institutions. The updated standard addresses recommendation 1.12 from the -
Regulatory Interventions in the Banking Space: October 23 – 30, 2017
…a compilation of most recent banking regulatory developments from around the world. October 30, 2017: 1. United States: Federal Deposit Insurance Corporation, the Federal Reserve System, and the -
Czech National Bank launches FinTech contact point
The Czech National Bank (CBN) has established a FinTech contact point. In so doing, the CBN is following the lead of the European Supervisory Authorities, which already have FinTech -
United Arab Emirates: Guidance for banks on the application of IFRS 9 during COVID-19 Pandemic
The Central Bank, the Financial Services Regulatory Authority of Abu Dhabi Global Market and the Dubai Financial Services Authority have issued joint guidance for banks regarding the application of IFRS
November 19, 2019
Basel Committee consults on Pillar 3 disclosure templates
The Basel Committee on Banking Supervision has published two consultative documents related to Pillar 3 disclosure. The first document proposes a set of revised disclosure requirements related to the market risk framework finalized in January 2019. The second document consults on voluntary disclosure templates related to banks’ sovereign Other
November 19, 2019
Dubai: Proposals on money services businesses
The Dubai Financial Services Authority has released Consultation Paper No. 125 – Proposals for Money Services. Stakeholders are required to provide comments on the consultation paper by December 15, 2019. Photo Credit: Paule_Knete from Pixabay Asia & South America
November 19, 2019
Ireland: Central Bank launches guidance on enforcement sanctions
The Central Bank of Ireland has published a new guide to sanctions imposed under the Administrative Sanctions Procedure (ASP) for the financial services sector. The ASP Sanctions Guidance increases transparency by providing greater clarity on the Central Bank’s general approach to sanctioning of firms and individuals. It also Europe
November 19, 2019
South Korea: Measures to strengthen investor protection
The Financial Services Commission and the Financial Supervisory Service have unveiled measures to strengthen investor protection regarding high-risk financial investment products. The measures come after recent derivatives-linked funds mis-selling cases in the country. They are aimed at enhancing consumer protection and maintaining stability in the financial system, without jeopardizing Asia & South America
November 19, 2019
Canada: FINTRAC updates its guidance on customer verification requirements
FINTRAC has updated its guidance on methods to verify the identity of an individual and confirm the existence of a corporation or an entity other than a corporation. The requirements to verify the identity of an individual and confirm the existence of a corporation or of an entity other than North America