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
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Finland: Updated guidelines on management of operational risk
The FIN-FSA Financial Supervisory Authority has updated Regulations and Guidelines 8/2014 Management of Operational Risk in supervised entities of the financial sector. The updated guidelines cover incident reporting of -
Central Bank of Egypt announces measures to offset the impact of COVID-19
The Central Bank of Egypt has introduced measures to offset the impact of COVID-19. These measures include: i) cutting interest rates; ii) deferring all credit dues for all customers -
COVID-19: Bank of Mauritius clarifies announced moratoriums on loans to borrowers
The Bank of Mauritius has clarified announced moratoriums on loans by commercial banks in the country. Aimed to combat the adverse effects of the COVID-19 pandemic, the moratoriums are -
Nigeria: Central Bank extends commencement dates for minimum capital requirements
In light of the COVID-19 pandemic, the Central Bank of Nigeria has extended by one year, commencement dates for revised minimum capital requirements for microfinance banks (MFBs) in the country.
September 16, 2019
Romania: Central Bank revises rules on determining the ROBID and ROBOR reference rates
The National Bank of Romania (NBR) has revised the Rules on determining the ROBID and ROBOR reference rates. The NBR indicates that the amendments will give additional impetus to interbank money market activity and improve the price-setting mechanism. The amendments, the regulator also notes, will ensure better representativeness Europe
September 15, 2019
The Bahamas: Central Bank relaxes exchange controls on residential real estate transactions
The Central Bank of The Bahamas (Bank) proposes to liberalize exchange controls (EC) on residential property transactions (both purchases and sales) involving non-residents effective October 1, 2019. The EC relaxation would apply regardless of whether the transactions take place in the name of an entity or vehicle ultimately owned North America
September 15, 2019
Nigeria: Issuance and treatment of Bankers Acceptances and Commercial Papers
The Central Bank of Nigeria (CBN) has introduced Guidelines on the Issuance and Treatment of Bankers Acceptances (BAs) and Commercial Papers (CPs), aimed at deepening and facilitating the effective and efficient functioning of the Nigerian money market. The introduction of the guidelines, according to the regulator, will ensure uniform Africa
September 13, 2019
European Central Bank: Changes to new targeted longer-term refinancing operations
The European Central Bank has modified some of the key parameters of the third series of targeted longer-term refinancing operations (TLTRO III). The move is aimed at preserving favourable bank lending conditions, ensuring smooth functioning of the monetary policy transmission mechanism and further supporting accommodative stance of monetary policy. Europe
September 12, 2019
Australia: Consultation on ISO 20022 migration for the Australian Payments System
The Reserve Bank of Australia and the Australian Payments Council have released for consultation, ISO 20022 Migration for the Australian Payments System – Responses and Options Paper (Responses and Options Paper). This release follows the Issues Paper, published earlier in 2019, which sought views of stakeholders on the migration Oceania & Antarctica