The Nordic-Baltic countries have requested the International Monetary Fund to analyze the most pertinent money laundering/terrorist financing (ML/TF) risks in the region. The request is due to the ML/TF
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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 -
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 -
Australia: APRA consults on standardised submission dates for ADI quarterly reporting
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 -
COVID-19 Pandemic: Singapore provides Additional Financial Support for Individuals
The Monetary Authority of Singapore, the Association of Banks in Singapore, and the Finance Houses Association of Singapore have announced additional measures to support individuals facing financial difficulties due to
June 2, 2020
South Africa publishes margin requirements for non-centrally cleared derivatives transactions
The Financial Sector Conduct Authority and the Prudential Authority have published a Joint Standard on Margin Requirements (Standard). The Standard prescribes margin requirements for non-centrally cleared derivatives transactions in South Africa. It will become effective at a date to be announced by the regulators. Additional details are available Africa
May 23, 2020
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 Industry,” the report explores the current landscape of Fintech development in the Hong Kong banking industry and how banks view Asia & South America
May 20, 2020
European Central Bank consults on Climate-related and Environmental Risks
The European Central Bank (ECB) has issued a consultation on its draft Guide on Climate-related and Environmental Risks (Guide). Current prudential rules require European banks to identify, manage, and disclose all material risks to which they are exposed. In this regard, the Guide explains how the ECB expects banks Europe
May 18, 2020
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 tokens as underlying assets. Following stakeholders’ comments, the regulator has now published its feedback. On the proposal to Asia & South America
May 18, 2020
Norges Bank to implement a Framework for testing Cyber Resilience of Financial Institutions
The Central Bank of Norway (Norges Bank) and the Financial Supervisory Authority of Norway (Finanstilsynet) have announced plans to develop a framework to test the cyber resilience of Norwegian banks (Framework). The Framework, according to Norges Bank and Finanstilsynet, will build on the TIBER-EU framework designed by the European Europe