The Office of the Superintendent of Financial Institutions (OSFI) has released the final version of Guideline B-6 on Liquidity Principles. Guideline B-6 sets out OSFI’s expectations around the management
-
Singapore: Proposed regulatory approach for derivatives contracts on payment tokens
In November 2019, the Monetary Authority of Singapore (MAS) issued a consultation paper on proposed regulatory approach under the Securities and Futures Act (SFA) for derivatives contracts that reference payment -
OSFI consults on climate-related risks
OSFI has launched a three-month consultation on addressing climate-related risks in the financial sector. The consultation will be via a discussion paper, ‘Navigating Uncertainty in Climate Change: Promoting Preparedness -
Climate change: BIS launches second green bond fund for central banks
The Bank for International Settlements (BIS) has launched a euro-denominated, open-ended fund for green bond investments by central banks and official institutions. The launch follows the successful introduction of -
UK Government’s Bounce Back Loans Scheme: Observations on Credit Risk Mitigation Eligibility and the Leverage Ratio Treatment
The Prudential Regulation Authority (PRA) has published its observations on the risk-weighted treatment of exposures under the Bounce Back Loan Scheme, particularly eligibility for recognition as unfunded credit risk mitigation
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