Featured Product

    CBB Publishes Consultations and Revised Rules in December 2019

    January 09, 2020

    CBB published various consultations and revised regulatory modules that are relevant for Islamic and conventional banks, insurers, and the investment business of banks. The updates relate to the first four volumes of the CBB Rulebook: Volume 1 is for conventional banks, Volume 2 is for Islamic banks, Volume 3 is for insurers, and Volume 4 pertains to the investment business.

    The consultations are for enhancements to the directive on Cyber Security Risk Management (Section OM 6.6 of Volumes 1 and 2 of the CBB Rulebook) and on amendments to the Authorization Module by adding the activity of Arranging Credit and Advising on Credit to current activities to the rules (including for banks with investment business). The consultation for Cyber Security Risk Management ends on January 22, 2020 while the consultations on Authorization Module end on January 20, 2020. Certain proposals related to Volumes 3 and 4 of the CBB Rulebook were also issued.

    In addition, CBB published the revised modules for Operational Risk Management Volumes 1 and 2 (effective immediately) and High-Level Controls Volumes 1 and 2 (effective immediately) of the CBB Rulebook, post their respective consultations. On January 09, 2020, CBB also published Appendix BR-24 that includes requirements for computation and submission of net stable funding ratio (NSFR) by banks. 

     

    Related Links

    Comment Due Dates: January 20/22, 2020

    Featured Experts
    Related Articles
    News

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.10

    EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.

    July 10, 2020 WebPage Regulatory News
    News

    FASB Proposes to Delay Implementation of Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).

    July 09, 2020 WebPage Regulatory News
    News

    APRA Updates Regulatory Approach to Loan Deferrals Amid COVID Crisis

    APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS and FSB Set Out Recommendations for Benchmark Transition

    BCBS and FSB published a report on supervisory issues associated with benchmark transition.

    July 09, 2020 WebPage Regulatory News
    News

    IAIS Sets Out Recommendations for Benchmark Transition for Insurers

    IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.

    July 09, 2020 WebPage Regulatory News
    News

    ESMA Updates Reporting Manual on European Single Electronic Format

    ESMA updated the reporting manual on the European Single Electronic Format (ESEF).

    July 09, 2020 WebPage Regulatory News
    News

    EBA Calls on Resolution Authorities to Consider Impact of COVID Crisis

    EBA published a statement on resolution planning in light of the COVID-19 pandemic.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework

    BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework

    July 08, 2020 WebPage Regulatory News
    News

    ECB Guideline on Materiality Threshold for Credit Obligations Past Due

    ECB published a guideline (2020/97), in the Official Journal of European Union, on the definition of materiality threshold for credit obligations past due for less significant institutions.

    July 08, 2020 WebPage Regulatory News
    News

    FED Temporarily Revises FR Y-14 With Respect to PPP and CARES Act

    FED temporarily revised the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes in response to the COVID-19 pandemic.

    July 08, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5458