APRA announced that it has granted IN1Bank Ltd a license to operate as a restricted authorized deposit-taking institution, under the Banking Act 1959. This authority commences on December 12, 2019 and ceases to have effect on December 12, 2021. The register of authorized deposit-taking institutions on the APRA website lists APRA-regulated institutions, including Australian-owned banks, foreign subsidiary banks, branches of foreign banks, restricted authorized deposit-taking institutions, and providers of purchased payment facilities.
Keywords: Asia Pacific, Australia, Banking, Banking Act, IN1Bank Limited, APRA
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.
EBA published an erratum for technical package on phase 1 of the reporting framework 3.0.
APRA updated a frequently asked question (FAQ), for authorized deposit-taking institutions, on the measurement of credit risk weighted assets.
EBA published the quarterly risk dashboard, along with the results of the Risk Assessment Questionnaire survey among 60 banks and 15 market analysts.
ECB concluded the public consultation on the introduction of a digital euro in EU.
ECB published a guide that sets out the supervisory approach to consolidation in the banking sector.
The SRB Chair Elke König published an article setting out work priorities for 2021.
FDIC has selected 11 technology companies—including BearingPoint, Fed Reporter, Inc, and S&P Global Market Intelligence, LLC—for inclusion in the third and final phase of the rapid prototyping competition.