Featured Product

    ISDA Publishes Statement on FRTB Implementation in Emerging Markets

    April 11, 2019

    ISDA published a statement that outlines challenges in implementation of the new Basel III market risk standard for banks in emerging markets. The statement highlights that there are uncertainties about how the rules will be transposed and whether all jurisdictions will meet the 2022 implementation target set by BCBS.

    The statement mentions that the challenges posed by the implementation of the market risk standard for banks in emerging markets include barriers to entry, shortage of data, and concerns about the treatment of sovereign debt. While it is important for the framework to be implemented as consistently as possible, it is also imperative that regulators and market participants monitor and understand the impact on emerging market banks and economies. As per the statement, most jurisdictions in Asia Pacific, including China and India, have not yet set out any plan for the transposition and implementation of the fundamental review of trading book (FRTB) standard. However, Hong Kong appears to be aiming for compliance with the 2022 timeline set by BCBS, following indications from HKMA that it will publish a consultation on the FRTB in 2019. Singapore and Australia are also expected to follow the global timeline, but there has not yet been any public information from regulators. Furthermore, EU has proposed going live with a two-step approach, starting with reporting requirements and moving subsequently to binding capital requirements, which will form part of a separate legislative proposal.

     

    Related Links

    Keywords: International, Banking, Market Risk, FRTB, Capital Requirements, Basel III, Emerging Markets, BCBS, ISDA

    Featured Experts
    Related Articles
    News

    PRA Revises Branch Return and Updates Guidance for Regulatory Reports

    PRA published the policy statement PS17/19, which contains the final policy related to changes in the format and content of the Branch Return Form and reporting guidance.

    September 12, 2019 WebPage Regulatory News
    News

    FINMA Outlines Treatment of Stablecoins in Supplement to Guide on ICO

    FINMA published a supplement to its initial coin offerings (ICOs) guidelines, outlining the treatment for stablecoins under the Swiss supervisory law.

    September 11, 2019 WebPage Regulatory News
    News

    Ursula von der Leyen Presents Structure of Next European Commission

    President-elect Ursula von der Leyen has presented her team and the new structure of the next European Commission.

    September 10, 2019 WebPage Regulatory News
    News

    FED Proposes to Revise and Extend Reporting Form on Systemic Risk

    FED proposed to extend for three years, with revision, the Banking Organization Systemic Risk Report (FR Y-15; OMB No. 7100-0352).

    September 10, 2019 WebPage Regulatory News
    News

    EBA Issues Revised List of Validation Rules for Reporting

    EBA published the revised list of validation rules (version 2.9) in its implementing technical standards on supervisory reporting.

    September 10, 2019 WebPage Regulatory News
    News

    Bundesbank Publishes Supplementary Validation Rules for Reporting

    Bundesbank published the updated document containing supplementary validation rules in the context of the implementation of the reporting system at national level.

    September 10, 2019 WebPage Regulatory News
    News

    APRA Licenses Xinja Bank as Authorized Deposit-Taking Institution

    APRA granted Xinja Bank Limited a license to operate as an authorized deposit-taking institution without restrictions, under the Banking Act 1959.

    September 09, 2019 WebPage Regulatory News
    News

    FDIC Proposes Revisions to Regulations on Interest Rate Restrictions

    FDIC proposed revisions to its regulations covering interest rate restrictions that apply to less than well-capitalized insured depository institutions.

    September 09, 2019 WebPage Regulatory News
    News

    EBA Intends to Clarify End-Treatment of Grandfathered Instruments

    EBA announced its intention to clarify the prudential treatment applicable to own funds instruments at the end of the grandfathering period, which expires on December 31, 2021.

    September 09, 2019 WebPage Regulatory News
    News

    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.

    September 09, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3799