The Office of the Comptroller of the Currency has amended stress testing requirements for national banks and federal savings associations. The amendment, through a final rule, impacts stress testing
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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 -
Regulation of Mortgage Guarantee Companies in Nigeria
The Central Bank of Nigeria has published final Regulation for the Operations of Mortgage Guarantee Companies in Nigeria (Guideline). The Guideline prescribes the basic requirements for the business of -
Financial Services Authority as single real estate regulator in British Columbia
The BC Financial Services Authority (BCFSA) has taken its first steps toward becoming the single regulator for real estate. As the single regulator, a change expected to assist in -
New York Fed releases updated FAQs for Commercial Paper Funding Facility
The New York Fed has released updated frequently asked questions for its Commercial Paper Funding Facility (CPFF). The regulator has also added a sign-up for the CPFF daily purchase
September 18, 2019
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 on proposals set out in the consultation paper, including the expected impact of the proposals on capital requirements. The Europe
September 17, 2019
Belarus: National Bank approves a legal framework for carrying out rating activities
The National Bank of the Republic of Belarus (National Bank) has approved Regulation on the Procedures for Organizing and Carrying out Rating Activities (Regulation). The Regulator similarly approved Requirements for the Rating Agency Methodology and the Procedure for Compiling and Submitting Reports and Other Information of the Rating Agency Europe
September 17, 2019
India: Reserve Bank consults on Guidelines for Payment Gateways and Payment Aggregators
The Reserve Bank of India (Reserve Bank) has published a discussion paper on ‘Guidelines for Payment Gateways and Payment Aggregators.’ The discussion paper seeks public comments on comprehensive guidelines covering payments-related activities of payment gateways and payment aggregators (PGPAs). PGPAs are entities that: provide technology infrastructure to Asia & South America
September 16, 2019
South Korea: FSC introduces Guidelines on Financial Companies’ Investment in Fintech Business
The Financial Services Commission (FSC) has introduced Guidelines on Financial Companies’ Investment in Fintech Business. According to the FSC, the guidelines expand the scope of fintech business opportunities in which financial companies are allowed to invest. Currently, an ancillary business that a financial company is allowed to operate Asia & South America