Featured Product

    FSI Publishes Papers on Proportionality and Cyber Risk Enhancement

    August 02, 2017

    The Financial Stability Institute (FSI) of BIS launched a new publication series, FSI Insights on Policy Implementation, to contribute to international discussions on a range of policy issues and implementation challenges faced by the financial sector authorities. The series is intended to analyze practical regulatory and supervisory issues based on experiences in different member jurisdictions. The first two papers that have been launched as part of this series focus on proportionality and cyber risk.

    The paper on proportionality conducts a cross-country comparison on proportionality in banking regulation. It explores the issue of effectively tailoring the regulatory requirements for different types of banks by comparing the approaches followed in six jurisdictions. These six jurisdictions are Brazil, the EU, Hong Kong Special Administrative Region (SAR), Japan, Switzerland, and the United States. The paper examines the range of approaches in terms of criteria and the thresholds used to differentiate banks; it also examines the approaches in terms of the regulatory standards that are subject to a proportional implementation. The paper highlights that the implementation of the proportionality strategy should respect prudential objectives and consider implications for the competitive environment.

     

    The paper on cyber risk examines regulatory approaches to enhance cyber-security frameworks of banks. The paper highlights that only a handful of jurisdictions, such as Hong Kong SAR, Singapore, the United Kingdom, and the United States, have specific regulatory and supervisory initiatives for reducing cyber-risk for banks. It explores regulatory and supervisory initiatives in these jurisdictions and offers  high-level policy considerations for banking supervisory authorities contemplating or planning to introduce or enhance cyber-risk regulation and supervision for banks.

     

    Related Links

    Paper on Proportionality (PDF)

    Paper on Cyber Risk (PDF)

    Keywords: International, Banking, Proportionality, Cyber Risk, Basel, FSI, BIS

    Featured Experts
    Related Articles
    News

    APRA Finalizes Prudential Standard for Credit Risk Management of Banks

    APRA updated the prudential standard on credit risk management requirements (APG 220) for authorized deposit-taking institutions, post a public consultation.

    December 12, 2019 WebPage Regulatory News
    News

    APRA Issues Operational Risk Rules, Consults on Reporting Requirements

    APRA published an updated prudential standard APS 115 that sets out operational risk requirements for authorized deposit-taking institutions in Australia.

    December 11, 2019 WebPage Regulatory News
    News

    ESMA Updates Q&A on European Benchmarks Regulation in December 2019

    ESMA updated the question and answers (Q&A) document on the European Benchmarks Regulation.

    December 11, 2019 WebPage Regulatory News
    News

    APRA Decides to Keep Countercyclical Capital Buffer for Banks at 0%

    APRA announced its decision to keep the countercyclical capital buffer (CCyB) for authorized deposit-taking institutions on hold at zero percent.

    December 11, 2019 WebPage Regulatory News
    News

    FED Extends Consultation Period for Capital Requirements for Insurers

    FED is extending comment period for the proposed rule establishing risk-based capital requirements for depository institution holding companies that are significantly engaged in insurance activities.

    December 10, 2019 WebPage Regulatory News
    News

    OSFI Sets Domestic Stability Buffer Level at 2.25%

    OSFI has set the Domestic Stability Buffer, or DSB, at 2.25% of total risk-weighted assets, with effect from April 30, 2020.

    December 10, 2019 WebPage Regulatory News
    News

    EBA Issues Revised List of Validation Rules for Reporting by Banks

    EBA published a revised list of validation rules in its implementing technical standards on supervisory reporting.

    December 10, 2019 WebPage Regulatory News
    News

    SRB Holds Annual Conference, Reflects on Turning Policy into Action

    SRB published a report on its fourth annual conference that was held on October 10, 2019 in Brussels.

    December 10, 2019 WebPage Regulatory News
    News

    APRA Specifies Capital Treatment of Equity Investments in ABGF

    APRA published a letter to the authorized deposit-taking institutions outlining the regulatory capital treatment of their equity investments in the Australian Business Growth Fund (ABGF).

    December 09, 2019 WebPage Regulatory News
    News

    EBA Updates Guidelines on Reporting of Funding Plans of Banks

    EBA updated the guidelines on harmonized definitions and templates for the reporting of funding plans of credit institutions.

    December 09, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4305