EBA updated the Single Rulebook question and answer (Q&A) tool with answers to eight questions that relate to the Bank Resolution and Recovery Directive (BRRD) and the Capital Requirements Regulation and Directive (CRR and CRD).
November 15, 2019
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FASB issued two Accounting Standards Updates finalizing the delays in effective dates for standards on current expected credit losses (CECL), leases, hedging, and long-duration insurance contracts.
November 15, 2019
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ESMA updated questions and answers (Q&A) on the Securitization Regulation (Regulation 2017/2402).
November 15, 2019
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HKMA issued a letter informing all authorized institutions that negative vetting of the Banking (Liquidity) (Amendment) Rules 2019 (BLAR) has now expired. Thus, the BLAR will now come into operation from January 01, 2020.
November 15, 2019
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BCBS launched a consultation on the revised disclosure requirements for the market risk framework for banks.
November 14, 2019
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BCBS published a consultation on the voluntary disclosure templates related to sovereign exposures of banks.
November 14, 2019
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PRA published the policy statement (PS25/19) that contains the final supervisory statement (SS6/16) on maintenance of the transitional measure on technical provisions (TMTPs) under Solvency II.
November 14, 2019
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FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions and sets out plans for further work.
November 14, 2019
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IAIS adopted a comprehensive set of reforms—Common Framework (ComFrame), Insurance Capital Standard (ICS) Version 2.0, and Holistic Framework for Systemic Risk—that will enable effective cross-border supervision of insurance groups and contribute to global financial stability.
November 14, 2019
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PRA published templates for statistical disclosures, as required under Article 31(2) of the Solvency II Directive.
November 14, 2019
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EC published the Implementing Regulation (EU) 2019/1902 that lays down technical information for calculation of technical provisions and basic own funds for reporting with reference dates from September 30, 2019 until December 30, 2019, in accordance with the Solvency II Directive.
November 14, 2019
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FSB welcomed the finalization of the IAIS holistic framework for systemic risk in the insurance sector, for implementation in 2020. EIOPA welcomed the adoption of ComFrame, Insurance Capital Standard (ICS) Version 2.0, and the holistic framework for the assessment and mitigation of systemic risk in the insurance sector.
November 14, 2019
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BIS and MAS launched the BIS Innovation Hub Center in Singapore.
November 13, 2019
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FASB approved an Accounting Standards Update (Topic 848) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, the reference rate reform on financial reporting.
November 13, 2019
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FASB proposed an Accounting Standards Update, on codification improvements to hedge accounting under Topic 815, to clarify certain sections of the 2017 hedge accounting standard (Update 2017-12).
November 13, 2019
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MAS announced that it is working with financial industry partners to create a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics (AIDA).
November 13, 2019
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MAS and eight members of the Canadian Securities Administrators (CSA) signed a cooperation agreement to strengthen collaboration in fintech between Singapore and CSA's member jurisdictions.
November 12, 2019
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MAS, Deloitte, and S&P Global Market Intelligence have collaborated to develop a prototype for an industry-wide Fintech Research Platform to help investors and financial institutions connect with fintech start-ups that they can partner with or invest in.
November 12, 2019
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ECB published a report, from the private-sector working group on euro risk-free rates, that recommends possible fallback arrangements for users of €STR products.
November 12, 2019
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MAS and BDF announced that BDF will open an Asian office in Singapore in early 2020.
November 12, 2019
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FSB published a summary of the meeting of the Regional Consultative Group (RCG) in Europe.
November 12, 2019
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The BIS Board of Directors appointed Benoît Cœuré (a member of ECB Executive Board) as Head of the new BIS Innovation Hub, which has been set up to foster international collaboration among central banks on innovative financial technology.
November 11, 2019
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APRA proposed to standardize quarterly reporting due dates for authorized deposit-taking institutions. The proposed standardized due date is 35 calendar days after the last day of the reference quarter, which will create a 14-calendar-day extension for credit unions and building societies.
November 08, 2019
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EBA updated the Single Rulebook question and answer (Q&A) tool with answers to two questions. The answers provide clarifications on topics related to own funds and strong customer authentication under the revised Payment Services Directive or PSD2.
November 08, 2019
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FED published a proposal to extend, by 18 months, the initial compliance dates for foreign banks subject to the single-counterparty credit limit (SCCL) rule.
November 08, 2019
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EBA published a new release of the reporting framework 2.9.1. This release includes validation rules, Data Point Model (DPM) data dictionary, XBRL taxonomy, and other supporting documents. Additionally, the release fixes some modeling issues on COREP Liquidity and FINREP.
November 08, 2019
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EBA published a report that examines the progress toward addressing the nonperforming loan (NPL) issue in Europe.
November 08, 2019
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EIOPA published new sets of questions and answers (Q&A) on directives and regulations applicable to insurers in Europe.
November 08, 2019
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BIS published a working paper that analyzes money creation mechanisms of shadow banking tools in China, investigates their effects on financial risk, and surveys recent regulation.
November 08, 2019
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BCBS is proposing to amend guidelines on the sound management of risks related to money laundering and financing of terrorism (ML/FT).
November 08, 2019
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