OJK proposed a regulation on the transparency and publication of Sharia commercial bank and sharia business unit reports, with the consultation period ending on April 30, 2020. As annexes to the circular presenting the proposal, OJK also released the guidelines for preparation of reports and reporting templates. The circular states that Sharia commercial banks compile, announce, and submit reports including financial performance report, report on risk and capital exposure, and reports on material information or facts. Provisions in the circular shall come into force on July 01, 2020.
Related Links (in Indonesian)
Comment Due Date: April 30, 2020
Effective Date: July 01, 2020
Keywords: Asia Pacific, Indonesia, Banking, Reporting, Transparency, Islamic Banking, Disclosures, OJK
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.