The Financial Stability Board (FSB) has published the 2019 list of global systemically important banks (G-SIBs). The FSB added Toronto Dominion Bank (TD) to the list of G-SIBs, making
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European Banking Authority consults on its STS framework for synthetic securitization
The European Banking Authority has launched a public consultation on its proposals for a simple, transparent and standardized (STS) framework for synthetic securitization. The consultation paper examines the rationale -
Banking Regulation: The Week of April 23, 2018
This review highlights regulatory interventions by supervisory authorities from around the world. 1. UNITED STATES: i) The Bureau of Consumer Financial Protection – ‘Know Before You Owe’ Mortgage -
Regulatory Interventions in the Banking Space: The Week of September 18, 2017
September 19, 2017: 1. United Kingdom: European Banking Authority – Consultation on significant risk transfer in securitization The European Banking Authority (EBA) launched a public consultation on its -
South Africa: Treatment of restructured credit exposures due to Covid-19 Pandemic
The Prudential Authority (PA) indicates it is supportive of Covid-19 relief initiatives, such as payment holidays being offered by banks in order to provide relief to certain borrowers in the
October 28, 2019
Australia: Consultation on capital treatment of government guaranteed mortgages
The Australian Prudential Regulation Authority (APRA) has released for consultation its proposed revision to the capital treatment for eligible mortgages covered by the Government’s First Home Loan Deposit Scheme (FHLDS). APRA is proposing to adjust its capital requirements for authorised deposit-taking institutions (ADIs) to support the FHLDS. The Oceania & Antarctica
October 27, 2019
New AML rules for private businesses in British Columbia
Effective May 1, 2020, amendments to B.C. Business Corporations Act will require private businesses in the province to keep and maintain transparency records of beneficial owners. Information to be collected from a beneficial owner will include full legal name, date of birth, citizenship and last known address. According North America
October 24, 2019
Review of capital regime for UK credit unions
The Prudential Regulation Authority (PRA) is proposing changes to the capital requirements that apply to credit unions. For credit unions with more than £10m of total assets, the PRA proposes to provide a greater degree of flexibility and remove barriers to growth by replacing the current regime with a Europe
October 23, 2019
SRB consults on its ‘Expectations for Banks’
The Single Resolution Board (SRB) has launched a consultation on its ‘Expectations for Banks.’ The document outlines best practices on key aspects of resolvability. The document sets out the capabilities the SRB expects banks to demonstrate in order to show that they are resolvable. It outlines benchmarks for assessing resolvability and Europe
October 22, 2019
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. The proposed guidance discusses sound management of credit risk, a system of independent and ongoing credit review, and appropriate North America