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
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Report on Fintech Adoption in Hong Kong Banking Industry
The Hong Kong Institute for Monetary and Financial Research has published a report on Fintech penetration in Hong Kong. Titled “Fintech Adoption and Innovation in the Hong Kong Banking -
Dubai: Proposals on money services businesses
The Dubai Financial Services Authority has released Consultation Paper No. 125 – Proposals for Money Services. Stakeholders are required to provide comments on the consultation paper by December 15, -
South Korea: Margin requirements for non-centrally cleared derivatives
The Financial Services Commission (FSC) has postponed implementation of margin requirements for non-centrally cleared derivatives by one year. The postponement, noted the FSC, is aimed at easing compliance burdens -
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
January 19, 2021
Singapore issues Revised Guidelines to Combat Heightened Cyber Risks
The Monetary Authority of Singapore has issued revised Technology Risk Management Guidelines (Guidelines). Intended to keep pace with emerging technologies and shifts in the cyber threat landscape, the Guidelines focus on addressing technology and cyber risks in an environment of growing use by financial institutions (FIs) of cloud technologies, Asia & South America
January 18, 2021
Australia: New FAQ on Measurement of Credit Risk-Weighted Assets
The Australian Prudential Regulation Authority has published a new frequently asked question (FAQ) on how authorized deposit-taking institutions are to measure credit risk-weighted assets relating to insurance stand-by letters of credit. The FAQ addresses appropriate credit conversion factor to be used in determining the regulatory capital of insurance stand-by Oceania & Antarctica
January 17, 2021
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 and Resilience to Climate-Related Risks.’ According to OSFI, the paper focuses on risks arising from climate change that can North America
January 17, 2021
Central Bank of Nigeria issues a Framework for Regulatory Sandbox Operations
The Central Bank of Nigeria has issued a framework for regulatory sandbox operations. According to the Bank, the Framework will enable it to ‘stay abreast of innovations while promoting a safe, reliable and efficient payments system to foster innovation without compromising on the delivery of its mandate.’ This Africa
January 17, 2021
Data Breach Investigation: Reserve Bank of New Zealand reiterates its full commitment
The Reserve Bank of New Zealand (Bank) has assured a recent data breach is receiving its full attention. According to the Bank, a detailed forensic cyber investigation is underway. The Bank indicates it is working directly with stakeholders whose information may have been compromised. The breach was first Oceania & Antarctica