Featured Product

    BCBS on NSFR and Large Exposure Rules in HK, Indonesia, and Singapore

    March 19, 2020

    BCBS published reports assessing the implementation of net stable funding ratio (NSFR) standard and the large exposures framework in Hong Kong SAR, Indonesia, and Singapore. The assessments found that the NSFR and large exposures regulations in each of these jurisdictions are compliant with the global standards of the Basel Committee. The assessments were conducted against the final BCBS-published NSFR standard from October 2014 and large exposures framework from April 2014.

    These publications form part of the Committee's Regulatory Consistency Assessment Program (RCAP), a series of reports on the implementation of Basel standards by member jurisdictions of the Basel Committee. The Basel Committee plans to complete its review of the implementation of the NSFR and large exposures standards for all member jurisdictions in 2021. RCAP is a central element of the Basel Committee's continuing efforts to promote timely adoption of its standards and to monitor its members' full and consistent compliance with the Basel Framework. Through RCAP, the Basel Committee monitors the timely adoption of regulations by its members, assesses their consistency with the Basel framework, and examines the consistency of banks' calculation of the prudential ratios across jurisdictions. RCAP helps member jurisdictions to identify deviations from the framework, weigh the materiality of any deviations, and undertake necessary reforms. Based on the findings of these assessments, many assessed jurisdictions have already amended their regulations to align them more closely with the Basel Framework, thus helping to promote global financial stability and achieve a level playing field for internationally active banks.

     

    Related Links

    Keywords: Asia Pacific, Hong Kong, Indonesia, Singapore, Banking, NSFR, Large Exposures, RCAP, Basel III, BCBS

    Featured Experts
    Related Articles
    News

    FSB Report Finds Steady Increase in Climate-Related Disclosures

    FSB published the annual report that examines to-date progress toward implementation of climate-related disclosure recommendations of the industry-led Task Force on Climate-related Financial Disclosures (TCFD).

    October 29, 2020 WebPage Regulatory News
    News

    PRA Consults on Proposals to Support Transposition of BRRD2

    PRA launched a consultation (CP18/20) setting out proposals for the "Contractual Recognition of Bail-in" and "Stay in Resolution" Rules.

    October 28, 2020 WebPage Regulatory News
    News

    APRA Consults on Reporting Standard for Credit Risk Management

    APRA is consulting on the reporting standard for credit risk management (ARS 220.0).

    October 28, 2020 WebPage Regulatory News
    News

    EC Proposes to Amend Liquidity Coverage Rules for Covered Bond Issuers

    EC published draft of a delegated regulation amending liquidity coverage rules for covered bond issuers.

    October 27, 2020 WebPage Regulatory News
    News

    ESMA Confirms Endorsement of UK Credit Ratings Post Brexit Transition

    ESMA published an update to its March 2019 statement on the endorsement of credit ratings from UK.

    October 27, 2020 WebPage Regulatory News
    News

    FASB Consults on XBRL US DQC Rules Taxonomy and Technical Guides

    FASB is consulting on the XBRL US Data Quality Committee (DQC) Rules Taxonomy (DQCRT) along with two technical guides.

    October 27, 2020 WebPage Regulatory News
    News

    PRA Updates Q&A on Branch Return Form

    PRA published Version 2 of the questions and answers (Q&A) on the Branch Return form.

    October 26, 2020 WebPage Regulatory News
    News

    Regulators Fine Goldman Sachs for Risk Management Failures

    FCA and PRA in the UK, FED in the US, and the authorities in Singapore have fined Goldman Sachs for risk management failures in connection with the 1Malaysia Development Berhad (1MDB).

    October 23, 2020 WebPage Regulatory News
    News

    ISDA Launches IBOR Fallbacks Supplement and Protocol

    ISDA launched the IBOR Fallbacks Supplement and the IBOR Fallbacks Protocol, with both becoming effective on January 25, 2021.

    October 23, 2020 WebPage Regulatory News
    News

    Canada Hosts International Conference of Banking Supervisors

    BCBS announced that OSFI and the Bank of Canada hosted the 21st International Conference of Banking Supervisors (ICBS) virtually on October 19-22, 2020.

    October 22, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6022