The South African Reserve Bank has published G6/2019. G6/2019 outlines the prudential regulator’s proposed implementation dates for various regulatory reforms introduced by the Basel Committee on Banking Supervision.
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United States: Proposed Guidance for Credit Risk Review Systems
The FDIC, the Federal Reserve, the Office of the Comptroller of the Currency, and the National Credit Union Administration are seeking comment on proposed guidance for credit risk review systems. -
FSB publishes UPI governance arrangements
The Financial Stability Board has published a report on the governance arrangements for the globally harmonised Unique Product Identifier (UPI). The UPI will uniquely identify the product involved in -
United States: Financial regulators release accountability report on fintech initiatives
The Conference of State Bank Supervisors has published an accountability report on financial technology companies (fintechs) initiatives. The report outlines progress made on a series of initiatives to streamline -
Proposed Modernization of Canada’s Unclaimed Balances Regime
Background In many jurisdictions globally, a financial asset is considered unclaimed when there has been no customer-initiated activity or contact for a certain period, usually for a few years.
November 11, 2019
Basel Committee consults on cooperation between prudential and AML/CFT supervision
The Basel Committee on Banking Supervision (Basel Committee) has published a consultative document entitled Introduction of guidelines on interaction and cooperation between prudential and AML/CFT supervision. The Basel Committee proposes to amend its guidelines on the Sound management of risks related to money laundering and financing of terrorism published Other
November 10, 2019
Kuwait: Central Bank unveils liquidity management and forecasting dashboard
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 and at an earlier point in time. This will, in turn, lead to more efficient utilization of monetary policy instruments. Asia & South America
November 8, 2019
Australia: APRA consults on standardised submission dates for ADI quarterly reporting
The Australian Prudential Regulation Authority (APRA) is consulting on a proposed standardization of quarterly reporting due dates for authorised deposit-taking institutions (ADIs). The proposed due date is 35 calendar days after the last day of the reference quarter, which will create a 14 calendar day extension for credit unions Oceania & Antarctica
November 7, 2019
Bank of Namibia issues a report on banking fees and charges
The Bank of Namibia has released a comprehensive report comparing different banking fees and charges by banking institutions in Namibia. The report presents a comparison of banking fees and charges for 9 banking institutions as of September 30, 2019. It focuses on 10 banking activities that appear to Africa
November 6, 2019
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 tokens classification, assess specific cases, and clarify applicable regulatory requirements. Companies planning to use the STO method for issuing Europe