Leveraged Finance and CLO Summit

IMF Reports Assess Banking Sectors in Ghana, HK SAR, India, and Turkey

IMF published reports under the 2019 Article IV consultations with Ghana, Hong Kong Special Administrative Region (HK SAR), India, and Turkey.

Dubai FSA and CSSF Sign Financial Innovation Agreement

Dubai FSA and CSSF entered into an agreement to cooperate in the development of fintech.

SARB Proposes Implementation Dates for Certain Basel III Regulations

SARB published a guidance note (6/2019) on the proposed implementation dates in respect of certain regulatory reforms under Basel III.

BOG to Explore New Prudential and Market-Conduct Measures for Banks

BOG published a statement on the last Monetary Policy Committee press briefing for 2019.

FSB Publishes Summary of November Meeting of RCG for MENA Region

FSB published a summary of the November meeting of the Regional Consultative Group (RCG) for Middle East and North Africa (MENA).

SAMA Issues Draft of Actuarial Work Rules for Insurance Companies

SAMA published draft of the actuarial work rules for insurance and reinsurance companies.

SAMA Publishes Requirements for Senior Position Appointments

SAMA issued the second version of requirements for appointments to senior positions in financial institutions it supervises.

CBE Issues Discussion Paper on Operational Risk Under Basel III

CBE published a discussion paper on operational risk requirements, in accordance with the Basel III standard published by BCBS in December 2017.

CBK Amends Rules on Corporate Governance for Banks in Kuwait

CBK amended the rules and regulations in relation to the corporate governance of banks in Kuwait.

IMF Releases Reports on 2019 Article IV Consultation with Saudi Arabia

IMF published its staff report and selected issues report in context of the 2019 Article IV consultation with Saudi Arabia.

CBB Issues Circular on GFIN Survey on Digital Regulatory Reporting

CBB issued a circular notifying that Global Financial Innovation Network (GFIN) is conducting an “operational cost survey,” as part of the digital regulatory reporting project.

CBB Updates Its Rulebook for Islamic and Conventional Banks

CBB released its quarterly update to Rulebook Volume 1 (for conventional banks), Volume 2 (Islamic banks), Volume 3 (insurers), Volume 4 (investment business), and Volume 5 (all specialized licensees).

SARB Consults on Its Intended Approach to Bank Resolution

SARB published a discussion paper that sets out its intended approach to planning for, and conducting, an open-bank resolution.

CBB Issues Liquidity Coverage Ratio Report Under Part B of Rulebook

CBB issued Appendix BR-23 on Liquidity Coverage Ratio (LCR) Report under Part B of the CBB Rulebook Volume 1, which applies to conventional banks.

Dubai FSA Accepts Four Firms for Innovation Testing License Cohort

Dubai FSA accepted four fintech firms into its 2019 Summer Innovation Testing License (ITL) Cohort, following the evaluation of a number of applications.

Economic Implications of Climate Change

We examine the physical risk and quantify the economic costs of climate change using the Moody's Analytics Global Macroeconomic Model.

BoM Updates Guideline for Write-Off of Non-Performing Assets

BoM updated the guideline for write-off of non-performing assets for banks and non-bank deposit-taking institutions in Mauritius.

Dubai FSA Updates Several Modules of Its Rulebook

Dubai FSA updated several modules of its Rulebook, following consultation on a number of proposed legislative changes that were set out in the consultation paper No. 124.

CBUAE Enhances Reporting of Nonperforming Loans for Banks

CBUAE is enhancing, in consultation with IMF, the reporting of nonperforming loans (NPLs) for UAE banking system to align its methodology with the international best practices.

QFCRA Amends Business Prudential Rules Related to Leverage Ratio

Qatar Financial Center Regulatory Authority (QFCRA) published Banking Business Prudential (Leverage Ratio) Amendments Rules 2019, which amend the Banking Business Prudential Rules 2014.

SARB Paper on Methodology to Identify Systemically Important Banks

SARB published a discussion paper on developing a methodology to determine which banks are systemically important financial institutions (SIFIs) in the South African context, in line with the requirements set out in the Financial Sector Regulation Act 9 of 2017 (FSR Act).

SAMA Publishes Financial Entities Ethical Red Teaming Framework

SAMA published the Financial Entities Ethical Red Teaming Framework, in an effort to address the increasing cyber risks.

BoM Issues Guideline on Measurement of Credit Impairment for Banks

BoM revised the guideline on credit impairment measurement and income recognition for all deposit-taking financial institutions.

IMF Publishes Reports on 2019 Article IV Consultation with Qatar

IMF published its staff report and selected issues report under the 2019 Article IV consultation with Qatar.

SARB Issues Directive on Pillar 3 Disclosure Requirements Framework

SARB issued a directive (D1/2019) on matters related to Pillar 3 disclosure requirements framework.

FSB Publishes Update on Meeting of RCG for MENA Region

FSB published an update on the meeting of its Regional Consultative Group (RCG) for Middle East and North Africa (MENA).

FSB Publishes Update on Meeting of RCG for Sub-Saharan Africa

FSB published an update on the meeting of its Regional Consultative Group (RCG) for Sub-Saharan Africa. The Bank of Mauritius hosted this meeting, which took place in Balaclava, Mauritius.

IMF Publishes Reports on 2019 Article IV Consultation with Mauritius

IMF published its staff report and selected issues report under 2019 Article IV consultation with Mauritius.

Central Bank of Oman Issues Resolution Framework for Banks

The Central Bank of Oman (CBO) issued the bank resolution framework, which provides the recovery and resolution regime for the banking sector.