OJK Consults on Standardized Approach for Operational Risk
OJK launched a consultation on the standardized approach for calculation of risk-weighted assets for operational risk. The consultation in the published circular closes on February 11, 2020 and the proposed provisions are expected to take effect on January 01, 2022.
Related Links (in Indonesian)
Comment Due Date: February 11, 2020
Effective Date: January 01, 2022
Keywords: Asia Pacific, Indonesia, Banking, Operational Risk, Risk-Weighted Assets, Regulatory Capital, Basel III, Standardized Approach, OJK
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Previous Article
BCBS Publishes Basel III Monitoring Updates in January 2020Related Articles
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
PRA Statement on Application of Matching Adjustment Amid Crisis
PRA published a statement to insurers that clarifies the approach to application of the matching adjustment during COVID-19 crisis.
EBA Provides Clarity on Implementation of Certain COVID-19 Policies
EBA published a report on the implementation of selected COVID-19 policies within the prudential framework for banking sector.
EC Consults on Revision of Network and Information Systems Directive
EC launched a consultation to revise the network and information systems (NIS) Directive (2016/1148), which was adopted in July 2016 and is the first horizontal internal market instrument aimed at improving the resilience of the EU against cybersecurity risks.
PRA Statement on LIBOR Transition and PRA Resolution-Related Rules
PRA published a statement that outlines its view on the implications of LIBOR transition for contracts in scope of the “Contractual Recognition of Bail-In” and “Stay in Resolution” parts of the PRA Rulebook.
PRA Issues Updates to Pillar 2A Capital Framework in UK
PRA published the policy statement PS15/20 to reflect additional resilience associated with higher macro-prudential buffers in a standard risk environment with a reduction in Pillar 2A capital requirements.
BCBS Report Examines Progress on Adoption of Basel III Framework
BCBS published the eighteenth progress report on implementation of the Basel III regulatory framework in member jurisdictions.
FCA Proposes Guidance to Further Support Consumer Credit Customers
FCA announced proposals that would provide continued support for certain consumer credit products to users, who are facing a financial impact because of the exceptional circumstances arising from the COVID-19 pandemic.
ACPR Publishes Draft of Taxonomy RAN 1.4.0 for Solvency II Reporting
ACPR published a draft version of taxonomy RAN 1.4.0_PWD1, along with the related documentation, for Solvency II reporting.
BCBS Amends Guidelines on Sound Management of AML/CFT Risks
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
