HKMA Updates Guide on Enhanced Competency Framework for AML/CFT

By Regulatory News

March 22, 2018

HKMA updated the guide to the enhanced competency framework on anti-money laundering and counter-financing of terrorism (AML/CFT), which provides details of the application of this framework. The HKMA circular announced that the professional level of the enhanced competency framework on AML/CFT will launch on April 03, 2018. The enhanced competency framework on AML/CFT sets out the competency standards for AML/CFT practitioners in the Hong Kong banking industry.

As the Supervisory Policy Manual module CG-6 on “Competence and Ethnical Behavior” emphasizes the importance of ensuring continuing competence of staff members, authorized institutions are encouraged to adopt the enhanced competency framework on AML/CFT as a benchmark for enhancing the level of professional competence of banking practitioners responsible for AML/CFT compliance roles. Apart from supporting the staff to attend training and examination that meet the enhanced competency framework benchmark, authorized institutions are also advised to keep records of the relevant training and qualification of their staff and to provide them with necessary assistance in relation to applications for grandfathering, exemption and certification, and fulfillment of ongoing continuing professional development training under the framework.

In its supervisory process, HKMA will take into account the progress of implementation of the enhanced competency framework on AML/CFT by authorized institutions and their effort in enhancing staff competence and ongoing development. The Hong Kong Institute of Bankers (HKIB) is the administrator of the competency framework on AML/CFT, whose major roles in this respect include administering the competency program and examinations, handling certification, exemption and grandfathering applications, and maintaining a public register of qualified certification holders.

Keywords: Asia Pacific, Hong Kong, Banking, AML/CFT, Enhanced Competency Framework, Guide, HKMA

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News Don Kohn of BoE Examines Lessons from Last Global Financial Crisis Don Kohn of BoE spoke at the 200th Anniversary of Danmarks Nationalbank in Copenhagen. September 07, 2018 WebPage Regulatory News
News MAS Consults on Measures to Strengthen Cyber Resilience of FIs MAS issued for consultation the proposed requirements for financial institutions (FIs) in Singapore to implement essential cyber security measures to protect their IT systems. September 06, 2018 WebPage Regulatory News
News EBA Publishes QIS Templates for Basel III Impact Assessment in EU EBA released two sets of templates for use in the 2018 impact assessment of the finalized Basel III standards. September 06, 2018 WebPage Regulatory News
News Sabine Lautenschläger of ECB Examines Common Supervisory Culture in EU Sabine Lautenschläger of ECB, while speaking at the Eurofi Financial Forum 2018 in Vienna, took stock of steps toward establishing a European system of banking supervision and embracing a common supervisory culture. September 06, 2018 WebPage Regulatory News
News ESMA Publishes Report on Trends, Risks, and Vulnerabilities in EU ESMA published its second report of the year on the trends, risks, and vulnerabilities in EU. This issue of the biannual report covers the period from January 01, 2018 to June 30, 2018. September 06, 2018 WebPage Regulatory News
News EC Vice President Speaks About Digital Challenges in Financial Sector During the Austrian Financial Market Authority event in Vienna, the EC Vice President Valdis Dombrovskis offered introductory remarks on digital challenges for the financial sector. September 06, 2018 WebPage Regulatory News
News CFTC Chairman Speaks About Cross-Border Application of the Swaps Rules At the Eurofi Financial Forum in Vienna, the CFTC Chairman J. Christopher Giancarlo emphasized that effective cross-border relations are central to the mission of CFTC because of the global nature of the futures and derivatives markets, which the CFTC regulates. September 06, 2018 WebPage Regulatory News
News ECON Report on PEPP Proposal Tabled for Plenary in Parliament The report on the proposal for a regulation of the European Parliament and of the Council on a Pan-European Personal Pension Product (PEPP) has been tabled for the Plenary session. September 06, 2018 WebPage Regulatory News
News EC Vice President Makes Case to Complete Economic and Monetary Union At the Eurofi Financial Forum 2018 in Vienna, the EC Vice President Valdis Dombrovskis discussed the completion of the Economic and Monetary Union of the EU and outlined three priorities in this area. September 06, 2018 WebPage Regulatory News
News SARB Issues Directive on Cloud Computing and Data Offshoring by Banks SARB issued a directive (D3/2018) and guidance notes (G5/2018) on cloud computing and the offshoring of data by banks. September 06, 2018 WebPage Regulatory News
News FSB Publishes Responses to Consultation on Infrastructure Finance FSB published public responses, of thirteen institutions, to the consultative document on evaluation on the effects of financial regulatory reforms on infrastructure finance. September 05, 2018 WebPage Regulatory News
News ESAs on Results of Monitoring Exercise on Financial Advice Automation ESAs published a report on the results of the monitoring exercise on automation in financial advice. September 05, 2018 WebPage Regulatory News
News ESMA Publishes Opinion on Proposed Amendments to Standards on SFTR ESMA published an Opinion in response to the EC proposed amendments of the technical standards on reporting under the Securities Financing Transactions Regulation (SFTR). September 05, 2018 WebPage Regulatory News
News Elke König of SRB on EU Liquidation Regime and Gaps in Banking Union Elke König of SRB published two articles that express her views on the need for an EU liquidation regime for banks and on ways to close the gaps in the Banking Union regarding funding in resolution. September 05, 2018 WebPage Regulatory News
News Peter Praet of ECB on Enabling Pan European Banks in Banking Union While speaking at the Eurofi Financial Forum 2018 in Vienna, Peter Praet of ECB talked about creating an enabling environment for pan-European banks in the Banking Union. September 05, 2018 WebPage Regulatory News
News BCB Consults on Hedge Accounting Criteria Related to IFRS 9 BCB is consulting on the proposal for a normative act providing accounting criteria for the designation and registration of hedge accounting by financial institutions and other institutions that are authorized to operate by BCB. September 05, 2018 WebPage Regulatory News
News US Agencies Extend Comment Period on Proposal to Simplify Volcker Rule US Agencies (CFTC, FDIC, FED, OCC, and SEC) extended until October 17, 2018, the comment period for a proposed rule to simplify and tailor compliance requirements for the Volcker rule. September 04, 2018 WebPage Regulatory News
News ANNA and GLEIF Join Forces on ISIN-to-LEI Mapping Initiative The Association of National Numbering Agencies (ANNA) and GLEIF announced the signing of a new initiative to link International Securities Identification Numbers (ISINs) and Legal Entity Identifiers (LEIs). September 04, 2018 WebPage Regulatory News
News Bundesbank Publishes the List of Reporting Member States for AnaCredit Bundesbank published a list of reporting member states for AnaCredit, also specifying that all member states of the euro area are reporting member states for the credit data statistics that are part of the AnaCredit initiative. September 04, 2018 WebPage Regulatory News
News APRA Chair Speaks on Regaining the Lost Confidence in Financial Sector The APRA Chair Wayne Byres spoke at the Annual Risk Management Association CRO Conference that was held in Sydney. September 04, 2018 WebPage Regulatory News
News Bundesbank Publishes Version 5.0 of Handbook for AnaCredit Validations Bundesbank published Version 5.0 of the handbook on AnaCredit validation rules. The handbook contains detailed information and instructions on reporting requirements under the AnaCredit regulation. September 03, 2018 WebPage Regulatory News
News Yves Mersch of ECB on the Importance of Pan European Payments Services Yves Mersch of ECB spoke, at the European Institute of Financial Regulation in Paris, about strengthening the European financial industry amid disruptive global challenges in the form of digital technology. September 03, 2018 WebPage Regulatory News
News Augustín Carstens of BIS Speaks on Challenges Toward Meeting Data Gaps During opening remarks of the Ninth Irving Fisher Committee Conference in Basel, the BIS General Manager Augustín Carstens examined the success of the post-crisis G20 Data Gaps Initiative and highlighted that "we have come a very long way toward completing the key statistical initiatives undertaken a decade ago." September 03, 2018 WebPage Regulatory News
News OECD Publishes Its Business and Finance Outlook for 2018 OECD published the report on its business and finance outlook for 2018. The report highlights that the financial system risk is elevated and global standards are essential in managing cross-border infrastructure investment. September 03, 2018 WebPage Regulatory News
News Dubai FSA Updates Sourcebook Module on Application Forms and Notices Dubai FSA updated the Application Forms and Notices (AFN) Module of its Sourcebook for financial institutions. September 01, 2018 WebPage Regulatory News
News MAS Responds to Feedback on Large Exposures Framework in Singapore MAS published its response to the feedback received on proposed revisions to the regulatory framework for large exposures of Singapore-incorporated banks. August 31, 2018 WebPage Regulatory News
News HKMA Exempts Entities Outside Hong Kong from Local IRRBB Framework HKMA is informing the authorized institutions in advance about an impending change on the scope of authorized institutions that will be subject to the new framework for interest rate risk in the banking book (IRRBB). August 31, 2018 WebPage Regulatory News
News PRA Issues Update on Reporting Information for Resolution Planning PRA updated the supervisory statement SS19/13 on resolution planning. SS19/13 sets out the resolution planning information that firms are expected to provide to PRA, in accordance with the PRA Resolution Pack rule in the PRA Rulebook. August 31, 2018 WebPage Regulatory News
News FASB Proposes Taxonomy Improvements on Three Accounting Standards FASB staff issued proposed taxonomy improvements on fair value measurement disclosure requirements (Topic 820) and credit losses (Topic 326); it also proposed taxonomy implementation guide on insurance, long-duration contracts. August 31, 2018 WebPage Regulatory News
News CSRC Consults on Depository Receipt Provisions Under SSE-LSE Connect CSRC proposed provisions on the supervision and administration of depository receipts under the stock connect scheme between Shanghai Stock Exchange, or SSE, and London Stock Exchange, or LSE, (for trial implementation). August 31, 2018 WebPage Regulatory News
News EC Approves Prolongation of Italian Guarantee Scheme for NPLs EC has approved, under the EU State aid rules, prolongation of the Italian guarantee scheme to facilitate the securitization of non-performing loans (NPLs). August 31, 2018 WebPage Regulatory News
News BoE Publishes Version 3.1.1 of the XBRL Taxonomy and Related Artefacts BoE published version 3.1.1 of the XBRL taxonomy and the related technical artefacts. To assist firms with their submission of PRA 110, BoE published a taxonomy release note along with the version 3.1.1 of its XBRL taxonomy. August 31, 2018 WebPage Regulatory News
News OCC Updates “Other Real Estate Owned” Part of Comptroller's Handbook OCC issued the updated “Other Real Estate Owned” (OREO) booklet of the Comptroller’s Handbook. August 31, 2018 WebPage Regulatory News
News ECB Opinion on Critical Infrastructure, Cybersecurity and Covered Bond The opinion was issued in response to a request from the Ministry of Finance of the Slovak Republic and it focuses on the provisions of the draft law related to the Law on critical infrastructure, the Law on cybersecurity, and the Law on banks. August 31, 2018 WebPage Regulatory News
News FINMA Announces Transition Periods for Clearing Obligation FINMA announced the 6, 12, and 18 month transition periods for clearing obligation starting from September 01, 2018. August 31, 2018 WebPage Regulatory News
News BIRD Initiative of ESCB Publishes Documentation on BIRD Release 2.1 Documentation of the Banks' Integrated Reporting Dictionary (BIRD) Release 2.1 has been published. This release consists of a complete methodology used to describe the various datasets of the different layers (for example: Input Layer, Output Layer) in the BIRD. August 31, 2018 WebPage Regulatory News
News BCBS Amends Additional Pillar 3 Disclosure Requirements for ECL Model BCBS released a technical amendment on additional Pillar 3 disclosure requirements for the jurisdictions implementing an expected credit loss (ECL) accounting model as well as for the jurisdictions adopting transitional arrangements for the regulatory treatment of accounting provisions. August 30, 2018 WebPage Regulatory News
News DNB Publishes Banking and Insurance Newsletters for August 2018 DNB issued the banking and insurance newsletters for August 2018. The newsletters for this month highlight the work of DNB on reducing the reporting burden, offering clarity about research conducted by DNB, and other requests from the sector. August 30, 2018 WebPage Regulatory News
News APRA Reporting Guidance for Large Exposures of Insurers on GRF 117.0 APRA issued reporting guidance for large exposures and reinsurance central counterparties in the form of lists of counterparty groups and exposure descriptions. While reporting, insurers should match the exact spelling specified in these lists, where applicable. August 30, 2018 WebPage Regulatory News
News FSB Publishes Responses to the Public Consultation on Cyber Lexicon FSB published the 28 responses received to the public consultation on draft Cyber Lexicon. August 30, 2018 WebPage Regulatory News
News Bank of Finland Updates Requirements for AnaCredit Reporting Bank of Finland revised the documents on AnaCredit requirements (version 2.6) and the description of electronic reporting for credit data collection. August 30, 2018 WebPage Regulatory News
News CFTC Proposes to Amend the Clearing Requirement to Help End-Users CFTC unanimously approved a swap clearing requirement proposed rule that would reduce unnecessary burden on bank holding companies, savings and loan holding companies, and community development financial institutions. August 29, 2018 WebPage Regulatory News
News BCBS Issues Updates on Basel III Monitoring for June Data Collection BCBS updated the Basel III monitoring workbook (version 3.8.1), along with the instructions and list of frequently asked questions (FAQs) for the collection of June 2018 data. August 29, 2018 WebPage Regulatory News
News ESMA Chair Addresses ECON Committee on Securitization Regulation The ESMA Chair Steven Maijoor discussed Level 2 measures under the Securitization Regulation with the European Parliament's Committee on Economic and Monetary Affairs (ECON) in Brussels. August 29, 2018 WebPage Regulatory News
News CBIRC Holds Conference on Banking and Insurance Supervision CBIRC held a video conference on banking and insurance supervision. Topics discussed at the conference include "economic and financial work" conducted since the beginning of the year, analysis of the current situation, and the proposed key tasks for the near future. August 29, 2018 WebPage Regulatory News
News FED Updates Technical Instructions for Form FR Y-14A FED updated technical instructions for reporting form FR Y-14A on capital assessments and stress testing. August 29, 2018 WebPage Regulatory News
News FASB Updates Accounting for Fees Paid in Cloud Computing Arrangement FASB amended the Accounting Standards Update that reduces complexity for the accounting for costs of implementing a cloud computing service arrangement. August 29, 2018 WebPage Regulatory News
News BIS Publishes Speech on Impact of Basel II/III in Developing Economies BIS published a speech—by Mahendra Vikramdass Punchoo, the Second Deputy Governor of the Bank of Mauritius (BoM)—on the impact of Basel III reforms in the implementation of Basel II/III in emerging market and developing economies. August 29, 2018 WebPage Regulatory News
News FASB Issues Summary of Tentative Board Decisions at August Meeting FASB published a summary of the tentative decisions taken at its Board meeting in August 2018. August 29, 2018 WebPage Regulatory News
News Central Bank of Bahamas Proposes Approach to the Basel II/III Regime The Central Bank of Bahamas issued three papers that propose its approach to the capital requirements, the minimum disclosures, and the framework for dealing with domestic systemically important banks (D-SIBs). August 29, 2018 WebPage Regulatory News
News EP Issues Briefing on Level 2 Measures for Securitization Framework European Parliament, or EP, published a briefing to support the work of ECON committee on the scrutiny of delegated acts. The briefing provides an overview of the implementing measures, for which drafts are being prepared by ESAs. August 29, 2018 WebPage Regulatory News
News EBA Issues Consultations on Supervisory Reporting Framework 2.9 EBA launched three public consultations on amendments to the implementing technical standards on supervisory reporting for the reporting framework 2.9. August 28, 2018 WebPage Regulatory News
News ECB Updates Validation Checks and Identifiers for AnaCredit Reporting ECB updated the validation checks performed on AnaCredit datasets (Version 1.2) and the list of national identifiers for AnaCredit reporting. August 28, 2018 WebPage Regulatory News
News FED Expands Applicability of Policy on Small Bank Holding Companies FED issued an interim final rule expanding the applicability of its small bank holding company policy statement, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCP Act) of 2018. August 28, 2018 WebPage Regulatory News
News FASB Improves Disclosures in Notes to Financial Statements FASB issued two changes to the conceptual framework of FASB and two Accounting Standards Updates that improve the effectiveness of disclosures in notes to financial statements. August 28, 2018 WebPage Regulatory News
News FED Proposes to Extend FR 3052 on Supervisory and Regulatory Survey FED is inviting comments on a proposal to extend for three years, without revision, the Supervisory and Regulatory Survey (FR 3052; OMB No. 7100-0322). FR 3052 collects information from financial institutions specifically tailored to the supervisory, regulatory, and operational responsibilities of FED. August 28, 2018 WebPage Regulatory News
News FINMA Consults on Revisions to the Anti-Money Laundering Ordinance The Swiss Financial Market Supervisory Authority FINMA is consulting on the revisions to the FINMA Anti-Money Laundering Ordinance (AMLO-FINMA). August 28, 2018 WebPage Regulatory News
News FED Issues Supporting Statement for Regulation QQ on Resolution Plans FED published supporting statement for the reporting requirements associated with Regulation QQ (FR QQ; OMB No. 7100-0346) on resolution plans. August 27, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: Second Update for August 2018 This week one answer was published as part of the Single Rulebook Questions and Answers (Q&A). The Q&A offered a clarification regarding the own funds requirement under the Capital Requirements Regulation (CRR or EU Regulation No 575/2013). August 24, 2018 WebPage Regulatory News
News IAIS Publishes Newsletter for August 2018 The August issue of the IAIS newsletter highlights the conclusion of the 11th Annual Global Seminar, which featured two days of discussion on topics such as ComFrame, the Insurance Capital Standard (ICS), and the holistic framework for the mitigation of systemic risk. August 24, 2018 WebPage Regulatory News
News IMF Reports on the 2018 Article IV Consultation with Saudi Arabia IMF published its staff report and selected issues report under the 2018 Article IV consultation with Saudi Arabia. August 24, 2018 WebPage Regulatory News
News US Agencies Allow More Banks to Benefit From Onsite Examination Cycle US Agencies (FDIC, FED, and OCC) issued interim final rules to expand the number of insured depository institutions and U.S. branches and agencies of foreign banks eligible for an 18-month on-site examination cycle. August 23, 2018 WebPage Regulatory News
News CBIRC Issues Decision to Abolish and Amend Certain Bank Regulations CBIRC issued a Decision to abolish and amend certain regulations, with the aim to implement policy spirit of the 19th National Congress of the Communist Party of China on promoting formation of a new pattern of comprehensive opening up and on promoting the announced expansion of the banking industry as soon as possible. August 23, 2018 WebPage Regulatory News
News Bank of Italy Updates Handbook for AnaCredit Reporting in Italy Bank of Italy published Version 1.5 of the AnaCredit Handbook for reporting. August 23, 2018 WebPage Regulatory News
News US Agencies Issue Rule on Treatment of Municipal Securities as HQLAs US Agencies (FDIC, FED, and OCC) issued an interim final rule amending the liquidity rules to treat certain eligible municipal securities as high-quality liquid assets (HQLAs), as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 (EGRRCP Act). August 22, 2018 WebPage Regulatory News
News ESMA Defines Disclosure Standards Under the Securitization Regulation ESMA issued, and submitted to EC for endorsement, a set of draft regulatory and implementing technical standards under the Securitization Regulation. August 22, 2018 WebPage Regulatory News
News ESRB Updates List of Countercyclical Capital Buffers Applicable in EU ESRB updated the table showing the countercyclical capital buffer (CCyB) rates applicable in the countries in the Eurosystem. Also updated were the CCyB rates that have been announced, but not yet implemented, by the designated authorities. August 22, 2018 WebPage Regulatory News
News ECB Opinion on Review of Prudential Treatment of Investment Firms ECB published its opinion (CON/2018/36) on the review of prudential treatment of investment firms. August 22, 2018 WebPage Regulatory News
News ECB Opinion on Proposed Directive and Regulation on Covered Bonds ECB published its opinion (CON/2018/37) on the proposed directive and regulation on covered bonds. In its opinion, ECB welcomed the objectives of the proposed directive and regulation of promoting further integration of Union financial markets and deepening the Capital Markets Union. August 22, 2018 WebPage Regulatory News
News FED Revises Reporting Requirements Under Regulation QQ FED adopted the proposal to extend, with revision, the mandatory reporting requirements associated with Regulation QQ (Form Reg QQ; OMB No. 7100-0346). August 21, 2018 WebPage Regulatory News
News OSFI Designates D-SIBs and Sets Minimum TLAC Requirements for D-SIBs OSFI issued orders to the six largest banks in Canada to legally designate them as domestic systemically important banks (D-SIBs). August 21, 2018 WebPage Regulatory News
News PRA Publishes Supervisory Disclosures Under Solvency II PRA published supervisory disclosures in line with its obligations under Article 31(2) of the Solvency II Directive. August 21, 2018 WebPage Regulatory News
News CFTC Simplifies Rules on CCO Duties and Annual Compliance Reporting CFTC unanimously approved final amendments clarifying and simplifying its regulations governing chief compliance officer (CCO) duties and annual compliance reporting requirements for futures commission merchants (FCM), swap dealers, and major swap participants. August 21, 2018 WebPage Regulatory News
News EU Issues Guideline on Statistical Reporting Requirements of ECB Guideline (EU) 2018/1151 (amending Guideline ECB/2011/23) on the statistical reporting requirements of ECB in the field of external statistics (ECB/2018/19) was published in the Official Journal of the European Union. August 20, 2018 WebPage Regulatory News
News FASB Consults on Improvements to the Credit Losses Standard in US FASB proposed to amend the Accounting Standards Update No. 2016-13 (titled Financial Instruments—Credit Losses (Topic 326) and issued in June 2016), which introduced an expected credit loss model for the impairment of financial assets measured at amortized cost basis. August 20, 2018 WebPage Regulatory News
News SEC Adopts Amendments to Simplify and Update Disclosure Requirements SEC voted to adopt amendments to certain disclosure requirements that have become duplicative, overlapping, or outdated in light of other disclosure requirements, U.S. Generally Accepted Accounting Principles (GAAP), or changes in the information environment. August 17, 2018 WebPage Regulatory News
News SARB Consults on Margin Requirements for Uncleared OTC Derivatives SARB, along with the Financial Sector Conduct Authority and the Prudential Authority, are consulting on a draft joint standard that prescribes margin requirements for non-centrally cleared over-the-counter (OTC) derivative transactions. August 17, 2018 WebPage Regulatory News
News MAS Issues Guidelines for Liquidity Risk Management by Fund Managers MAS issued the final guidelines on liquidity risk management practices for fund management companies, with respect to the management of collective investment schemes (CIS). August 16, 2018 WebPage Regulatory News
News CPMI and IOSCO Consult on Governance of OTC Derivatives Data Elements CPMI and IOSCO published a consultative report on the governance arrangements for critical data elements (CDEs) of the over-the-counter (OTC) derivatives. August 16, 2018 WebPage Regulatory News
News ESRB Examines Bank Resolution and Public Backstop in Banking Union ESRB published a working paper examining bank resolution and public backstop in an asymmetric banking union. August 16, 2018 WebPage Regulatory News
News FSB Launches Review on Implementation of the Legal Entity Identifier FSB launched a thematic peer review on implementation of the Legal Entity Identifier (LEI) for financial markets. August 16, 2018 WebPage Regulatory News
News CBB Proposes and Finalizes Rulebook Modules for Banks in August 2018 CBB issued consultations on leverage ratio requirements and high-level controls modules for conventional and Islamic banks. CBB also finalized new requirements on the risk management related and the liquidity risk management modules to the Rulebook Volumes 1 and 2. August 16, 2018 WebPage Regulatory News
News OCC Updates Bank Accounting Advisory Series OCC released an update to the Bank Accounting Advisory Series (BAAS), which reflects accounting standards updates issued by FASB through March 31, 2018, on topics such as hedging and credit losses. August 15, 2018 WebPage Regulatory News
News FED Issues OMB Supporting Statement on SCCL for Large Banks FED published the OMB supporting statement on the single-counterpary credit limits (SCCL) for large banks. August 15, 2018 WebPage Regulatory News
News FASB Improves Accounting for Long-Duration Contracts by Insurers FASB issued amendments in the Accounting Standards Update 2018-12, thereby completing its project on the accounting for long-duration contracts issued by insurance entities. August 15, 2018 WebPage Regulatory News
News BCBS Issues Basel III Monitoring Updates for August 2018 BCBS released the Basel III monitoring workbook (version 3.8.0) and its accompanying instructions, along with an updated list of frequently asked questions (FAQs) for the collection of June 2018 data. August 14, 2018 WebPage Regulatory News
News APRA Consults on Improvements to Capital Framework for Deposit Takers APRA published a discussion paper that outlines the potential approaches to adjust the capital framework for authorized deposit-taking institutions to make capital ratios more transparent, comparable, and flexible. August 14, 2018 WebPage Regulatory News
News SARB on Threshold for Applying Jurisdictional Reciprocity in CCyB SARB issued a directive (D2/2018) on the materiality threshold in respect of exposure to a foreign jurisdiction in applying jurisdictional reciprocity in the countercyclical capital buffer calculation. August 14, 2018 WebPage Regulatory News
News DNB Publishes Additional Data Quality Checks for Third Quarter of 2018 DNB published additional data quality checks for the third quarter of 2018. August 14, 2018 WebPage Regulatory News
News FDIC Proposes to Renew Three Approved Information Collections FDIC published a proposal to renew three currently approved collections of information. August 13, 2018 WebPage Regulatory News
News ESMA Registers Moody's Investors Service (Nordic) AB as a CRA ESMA, the direct supervisor of credit rating agencies (CRAs) in EU, has registered Moody’s Investors Service (Nordics) AB as a CRA under the CRA Regulation. August 13, 2018 WebPage Regulatory News
News CBIRC Releases Regulatory Banking Indicators for Q2 2018 CBIRC released the key regulatory indicators for the banking sector for the second quarter of 2018. August 13, 2018 WebPage Regulatory News
News BoE Explores Demand to Introduce Synchronization to Renewed RTGS BoE issued a call for interest from organizations, including fintech firms, to explore the demand for introducing synchronized settlement to the renewed Real-Time Gross Settlement (RTGS) service. August 13, 2018 WebPage Regulatory News
News IA Issues QIS 2 Templates for Development of Risk-Based Capital Regime IA of Hong Kong issued templates and technical specifications for the second quantitative impact study (QIS 2) on the development of risk-based capital (RBC) regime. August 13, 2018 WebPage Regulatory News
News OSFI Proposes Revisions to Leverage Ratio Disclosure Requirements OSFI is proposing revisions to the Leverage Ratio Disclosure Requirements guideline. The revisions incorporate a new line to capture the treatment of securitized assets that meet the operational requirements for recognition of significant risk transfer. August 10, 2018 WebPage Regulatory News
News BoE Consults on the Insurance XBRL Taxonomy Version 1.0.0 BoE published public working draft of the standalone National Specific Templates (NSTs) and standard formula reporting for firms with an approved internal model (SF.01) taxonomy, along with the related technical artefacts, that will make up part of BoE’s insurance XBRL taxonomy. August 10, 2018 WebPage Regulatory News
News SFC Circular on Margin Financing Activities Disguised as Investments SFC published a circular warning against facilitating the setting up or operation of securities margin financing arrangements by unlicensed persons to circumvent regulatory requirements. August 10, 2018 WebPage Regulatory News
News EIOPA Q&A on Regulations: First Update for August 2018 EIOPA published new sets of questions and answers (Q&A) on guidelines, implementing regulations, delegating regulations, and directives applicable to insurers in Europe. August 10, 2018 WebPage Regulatory News
News ECB Updates List of Supervised Entities in EU ECB released the udpated list of supervised entities in the EU, with the current number of significant supervised entities being 119. August 10, 2018 WebPage Regulatory News
News EBA Updates XBRL Taxonomy 2.8 for Reporting EBA published a corrective update to the XBRL taxonomy Version 2.8. August 09, 2018 WebPage Regulatory News
News FSB Report Maps Interdependencies Between CCPs and Clearing Members FSB and other international standard-setters (CPMI, IOSCO, and BCBS) published the second report that maps interdependencies between central counterparties (CCPs) and their clearing members and other financial service providers. August 09, 2018 WebPage Regulatory News
News EBA Updates Data Used for the Identification of G-SIIs EBA published 12 indicators and updated the underlying data from the 35 largest institutions in the EU, whose leverage ratio exposure measure exceeds EUR 200 billion. August 09, 2018 WebPage Regulatory News
News BCL Updates Instructions and Validation Rules for AnaCredit Reporting BCL updated list of reporting agents, instructions, and validation rules for reporting under the AnaCredit Regulation. August 09, 2018 WebPage Regulatory News
News ESMA Updates Validation Rules Under EMIR ESMA updated its validation rules regarding the European Markets Infrastructure Regulation (EMIR) with regards to the revised technical standards on reporting under Article 9 of EMIR. August 09, 2018 WebPage Regulatory News
News EC Issues Information Provision Standards Under Benchmarks Regulation EC published the Implementing Regulation 2018/1105 laying down implementing technical standards on procedures and forms for the provision of information by competent authorities to ESMA under the Benchmarks Regulation (Regulation 2016/1011). August 09, 2018 WebPage Regulatory News
News OSFI Publishes Mortgage Insurer Capital Adequacy Test Guideline OSFI issued the final Mortgage Insurer Capital Adequacy Test (MICAT) guideline, along with the guideline impact analysis statement. August 09, 2018 WebPage Regulatory News
News EC Publishes Standards on Templates for Compliance Statement Under BMR EC published the Commission Implementing Regulation (EU) 2018/1106 that lays down implementing technical standards on templates for the compliance statement to be published and maintained by administrators of significant and non-significant benchmarks, pursuant to the Benchmarks Regulation or BMR (EU Regulation 2016/1011). August 09, 2018 WebPage Regulatory News
News FED Proposes to Revise Annual, Quarterly, and Monthly FR Y-14 Forms FED issued a proposal to revise, without extension, the annual, quarterly, and monthly Capital Assessments and Stress Testing forms (FR Y-14A/Q/M). Comments must be submitted by October 09, 2018. August 08, 2018 WebPage Regulatory News
News FED Publishes OMB Supporting Statement for Form FR Y-9C Among the FED information collections that have been under review, FED posted the final OMB supporting statement for the FR Y-9 family of reports on financial statements for holding companies. August 08, 2018 WebPage Regulatory News
News FCA Announces Creation of Global Financial Innovation Network FCA has, in collaboration with 11 financial regulators and related organizations announced the creation of the Global Financial Innovation Network (GFIN), building on its proposal earlier this year to create a global sandbox. August 07, 2018 WebPage Regulatory News
News FSB and Others Consult on Incentive to Centrally Clear OTC Derivatives FSB, BCBS, CPMI, and IOSCO published a consultative document that examines the effects of G20 financial regulatory reforms on the incentives to centrally clear over-the-counter (OTC) derivatives. August 07, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with India IMF published staff report and selected issues report under the 2018 Article IV consultation with India. Directors stressed the need to focus on macro-financial and structural policies, also welcoming a range of complementary initiatives taken to address high non-performing loans in public-sector banks (PSBs). August 07, 2018 WebPage Regulatory News
News ECB Publishes Services Procurement Guidelines for TIBER-EU Tests ECB published the Services Procurement Guidelines, which are referred to in, and are an integral part of, the Threat Intelligence-Based Ethical Red Teaming (TIBER-EU) framework. August 07, 2018 WebPage Regulatory News
News ESMA Responds to EIOPA Questions on AIFMD ESMA has sent a letter to EIOPA in response to certain questions related to the Alternative Investment Fund Managers Directive (AIFMD), which EIOPA had raised on the Alternative Investment Fund (AIF) definition and leverage. August 07, 2018 WebPage Regulatory News
News FED Issues the Final Regulation on SCCL for Large Banks FED published, in Federal Register, the final rule to establish the single-counterparty credit limits (SCCL) for banks. FED also issued a proposal to implement a new information collection, the SCCL (FR 2590; OMB No. 7100-NEW) and the associated notice requirements in connection with the final SCCL rule. August 06, 2018 WebPage Regulatory News
News ECB Consults on Draft ECB Regulation on Money Market Statistics in EU ECB is consulting on a draft regulation amending the Money Market Statistical Reporting (MMSR) Regulation (ECB/2014/48), in an effort to improve its money market statistics. August 06, 2018 WebPage Regulatory News
News ESMA Updates Transitional Transparency Calculations Under MiFID II ESMA published an updated version of the transitional transparency calculations (TTC) under the Markets in Financial Instruments Directive and Regulation (MiFID II and MiFIR). August 06, 2018 WebPage Regulatory News
News ESRB Updates Overview of National Macro-Prudential Measures in EU ESRB updated its overview of national measures of macro-prudential interest in the EU and the European Economic Area. The overview covers several measures, including capital buffers and reciprocation measures. August 06, 2018 WebPage Regulatory News
News IVASS Publishes Regulation on External Audit of SFCR Under Solvency II IVASS published Regulation No. 42, which sets out provisions on the external audit of the Solvency and Financial Condition Report (SFCR). SFCR addresses public disclosure of the equity and financial situation envisaged by the Solvency II prudential regime. August 06, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: First Update for August 2018 EBA published answers to seven questions under the Single Rulebook question and answer (Q&A) updates for this week. August 03, 2018 WebPage Regulatory News
News HKMA Issues Forms for Making Disclosures Under Parts 2A and 8 of BDR HKMA published a set of standard disclosure templates and tables, also known as standard forms, (together with the associated explanatory notes) pursuant to sections 6(1)(ab) and 88(1)(b) of the Banking Disclosure Rules (BDR). August 03, 2018 WebPage Regulatory News
News Bundesbank Updates Derivation and Validation Rules for Reporting Bundesbank updated the list of deactivated validation rules and derivation rules for reporting by banks. August 03, 2018 WebPage Regulatory News
News IMF Publishes Report on the 2018 Article IV Consultation with Brazil IMF published its staff report report under the 2018 Article IV consultation with Brazil. August 03, 2018 WebPage Regulatory News
News BoE Issues Final Procedures for Enforcement Decision Making Committee BoE published policy statement (PS/EDMC2018) on Enforcement Decision Making Committee (EDMC), which provides feedback to responses to the consultation paper CP/EDMC2017. August 03, 2018 WebPage Regulatory News
News IMF Publishes Report on 2018 Article IV Consultation with Hungary IMF published its staff report under the 2018 Article IV consultation with Hungary. The staff report, among others, concludes that the banking system remains, on average, profitable, liquid, and well-capitalized. Bank profitability was high in 2017 and only a few small banks reported losses. August 03, 2018 WebPage Regulatory News
News APRA Submission to Productivity Commission Report on Superannuation APRA published its submission to the Productivity Commission's draft report examining the efficiency and competitiveness of superannuation system in Australia. August 03, 2018 WebPage Regulatory News
News BoE Publishes Paper on the Role of Capital Regulation in Repo Markets BoE published a staff working paper that examines the role of capital regulation in the functioning of the repurchase agreement (repo) market. August 03, 2018 WebPage Regulatory News
News APRA Releases Improved Data Quality Controls for D2A Reporting APRA released improved data quality controls on text fields for D2A reporting. These changes are relevant for all APRA-reporting institutions. August 02, 2018 WebPage Regulatory News
News CPMI-IOSCO Issue Report on Implementation Monitoring of PFMI in Canada CPMI and IOSCO published a Level 2 assessment report on the implementation monitoring of PFMI in Canada. August 02, 2018 WebPage Regulatory News
News NCUA Proposes to Amend 2015 Risk-Based Capital Rule for Credit Unions NCUA proposed a rule that would amend its previously revised regulations on prompt corrective action (PCA). August 02, 2018 WebPage Regulatory News
News ESMA Publishes Bond Liquidity Data Under MiFID II/MiFIR ESMA issued new data for bonds subject to the pre- and post-trade requirements of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) through its data register. August 02, 2018 WebPage Regulatory News
News EIOPA Publishes Report on Understanding Cyber Insurance in Europe EIOPA published a report on understanding cyber insurance through a structured dialog with insurance companies in Europe. August 02, 2018 WebPage Regulatory News
News OSFI Proposes Changes to the Leverage Requirements Guideline for Banks OSFI proposed revisions to the Leverage Requirements guideline. The revisions will align the guideline with the upcoming modifications to Chapter 4 (Settlement and Counterparty Risk) and Chapter 7 (Securitization) of the Capital Adequacy Requirements (CAR) guideline. August 01, 2018 WebPage Regulatory News
News FCA Proposals on Authorization of TPVs Under Securitization Regulation FCA issued a proposal on the new application and periodic fees for the authorization of Third Party Verification Agents (TPVs) under the Securitization Regulation. August 01, 2018 WebPage Regulatory News
News ESMA Issues Data for Systematic Internalizer Calculations Under MiFID ESMA published data for the systematic internalizer calculations for equity, equity-like instruments, and bonds under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). August 01, 2018 WebPage Regulatory News
News Dubai FSA Updates its Rulebook and Sourcebook Modules in August 2018 Dubai FSA updated several modules of its Rulebook and Sourcebook for financial institutions. August 01, 2018 WebPage Regulatory News
News OJK Consults on Asset Securitization and Large Exposures Rules OJK is consulting on rules for asset securitization, legal lending limit and large exposure provisions, and periodic reporting of commercial banks in Indonesia. August 01, 2018 WebPage Regulatory News
News FED Revises and Extends Form FR Y-9C for Three Years FED adopted the proposal to extend for three years, with revision, the mandatory FR Y-9 family of reports on financial statements for holding companies. July 31, 2018 WebPage Regulatory News
News APRA Conducts Post-Implementation Review of Prudential Framework APRA published four "short topic" consultation papers, as part of the post-implementation review of the superannuation prudential framework. July 31, 2018 WebPage Regulatory News
News OCC to Accept National Bank Charter Applications from Fintech Firms OCC announced that it will begin accepting applications for national bank charters from nondepository fintech companies engaged in the business of banking. July 31, 2018 WebPage Regulatory News
News US Treasury Report on Nonbank Financials, Fintech, and Innovation The U.S. Department of the Treasury released a report identifying improvements to the regulatory landscape that will better support nonbank financial institutions, embrace financial technology, and foster innovation. July 31, 2018 WebPage Regulatory News
News IAIS Issues Consultations and Documents on ComFrame, ICPs, and ICS IAIS issued two major public consultation documents, one focused on the qualitative components and the second on the risk-based global Insurance Capital Standard (ICS) Version 2.0. IAIS also released the 2018 Field Testing package, and the final issues paper on climate change risks to the insurance sector. July 31, 2018 WebPage Regulatory News
News EBA Publishes Regulatory Standards Related to the STS Regulation in EU EBA published the final draft regulatory technical standards defining the homogeneity of the underlying exposures in securitization, along with the standards on risk retention for securitization transactions. July 31, 2018 WebPage Regulatory News
News EBA Publishes Regulatory Standards on Home-Host Cooperation Under PSD2 EBA published its final draft regulatory technical standards specifying the framework for cooperation and the exchange of information between competent authorities under the revised Payment Services Directive (PSD2). July 31, 2018 WebPage Regulatory News
News EBA Publishes Report on the Functioning of Resolution Colleges in EU EBA published the first report on the functioning of resolution colleges. EBA monitored the activities of 13 colleges established for large cross-border banking groups. July 31, 2018 WebPage Regulatory News
News EBA Updates Guidelines on Complaints-Handling to Extend Their Scope EBA published an update to the Joint Committee guidelines on complaints-handling. July 31, 2018 WebPage Regulatory News
News PRA Issues CP18/18 on Implementing the Extension of SM&CR to Insurers PRA published the consultation paper CP18/18, which sets out its proposed rules for a technical correction to the "Solvency II firms: Insurance General Application Part of the PRA Rulebook." CP18/18 also includes some consequential changes and minor administrative amendments related to the extension of SM&CR to insurers. July 31, 2018 WebPage Regulatory News
News EIOPA Issues Paper on Enhancing Macroprudential Framework for Insurers EIOPA published a paper that identifies, classifies, and provides a preliminary assessment of the potential additional tools and measures to enhance the macro-prudential framework for insurers in EU. July 31, 2018 WebPage Regulatory News
News IMF Publishes Report on 2018 Article IV Consultation with Greece IMF published its staff report under the 2018 Article IV consultation with Greece. July 31, 2018 WebPage Regulatory News
News APRA Releases Response to Industry Feedback on Replacing D2A Solution APRA released its formal response to the feedback received on replacing Direct to APRA (D2A) with a new data collection solution. July 30, 2018 WebPage Regulatory News
News FASB Improves Implementation of the Leases Standard in US FASB issued an Accounting Standards Update that reduces costs and eases implementation of the leases standard for those preparing financial statements. July 30, 2018 WebPage Regulatory News
News ESMA Finds Shortcomings in National Supervision of EPM by UCITS ESMA published a report on the peer review on the guidelines on Exchange Traded Funds (ETFs) and other Undertakings for Collective Investments in Transferable Securities (UCITS) issues. July 30, 2018 WebPage Regulatory News
News IMF Issues Reports on 2018 Article IV Consultation with South Africa IMF publishes its staff report and selected issues report under the 2018 Article IV consultation with South Africa. July 30, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: First Update for July 2018 EBA published answers to six questions under the Single Rulebook question and answer (Q&A) updates for this week. July 27, 2018 WebPage Regulatory News
News ESMA and EFTA SA to Supervise A New CRA Nordic Credit Rating The EFTA Surveillance Authority (ESA) has approved the registration of the Norwegian entity Nordic Credit Rating AS (NCR) as a credit rating agency with effect from 3 August 2018. July 27, 2018 WebPage Regulatory News
News PRA Consults on Materiality Thresholds for Credit Obligations Past Due PRA published a consultation paper (CP17/18) that sets out its proposed approach to implementing EBA’s recent regulatory products relating to the definition of default in the Capital Requirements Regulation or CRR (575/2013). July 27, 2018 WebPage Regulatory News
News IMF Issues Report on the 2018 Article IV Consultation with Singapore IMF published its staff report under the 2018 Article IV consultation with Singapore. July 27, 2018 WebPage Regulatory News
News PRA Issued PS21/18 on Changes to Reporting Format Under Solvency II PRA issued the policy statement PS21/18, which provides feedback to responses to the consultation paper CP11/18. July 26, 2018 WebPage Regulatory News
News IMF Publishes Report on the 2018 Article IV Consultation with China IMF published its staff report under the 2018 Article IV consultation with China. The report outlines recent and ongoing improvements in regulatory framework, among other issues. July 26, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2018 Article IV Consultation with France IMF published its staff report and selected issues report in the context of the 2018 Article IV consultation with France. July 26, 2018 WebPage Regulatory News
News HKMA Extends Implementation Date of Exposure Limits Rules for Banks HKMA is extending the implementation date of the amended Banking (Exposure Limits) Rules (BELR) by six months to July 01, 2019. July 26, 2018 WebPage Regulatory News
News IAIS Issues Comments on Paper on Climate Change Risk to Insurers IAIS published the comments received, along with the resolutions, on the draft issues paper on climate change risks to the insurance sector. July 26, 2018 WebPage Regulatory News
News IAIS Issues Comments and Resolutions on Paper on Index-Based Insurance IAIS published the comments received, along with the associated resolutions, on the draft issues paper on index-based insurance. July 26, 2018 WebPage Regulatory News
News IMF Reports on 2018 Article IV Consultation with Slovak Republic IMF issued its staff report and selected issues report under the 2018 Article IV consultation with Slovak Republic. Directors concurred that the banking system is well-capitalized, liquid, and profitable. July 26, 2018 WebPage Regulatory News
News HKMA Concludes Consultation on Loss Absorbing Capacity Requirements HKMA released the consultation conclusion on the public consultation related to rules prescribing loss-absorbing capacity (LAC) requirements for authorized institutions. July 25, 2018 WebPage Regulatory News
News ESMA Issues Updated Versions of XML Schema for MiFIR Reporting ESMA published Financial Instruments Reference Data System (FIRDS) reference data XML Schema Version 1.1.0, FIRDS transparency XML Schema Version 1.1.0, Double Volume Cap XML Schema Version 1.1.0, and Transaction Reporting Message Schema for Markets in Financial Instruments Regulation (MiFIR) reporting. July 25, 2018 WebPage Regulatory News
News IAIS Publishes Newsletter for July 2018 The July issue of the IAIS newsletter highlights that IAIS published the issues paper on index-based insurance, particularly in inclusive insurance markets. July 25, 2018 WebPage Regulatory News
News PRA Explains When to Transition to Version 2.8 of EBA FINREP Taxonomy PRA published a note and graphic on the transition to v2.7 and v2.8 of the EBA FINREP taxonomy to assist firms in planning for their upcoming regulatory requirements. July 24, 2018 WebPage Regulatory News
News ESMA Review Finds Supervision of Suitability Requirements Has Improved ESMA issued a follow-up report regarding oversight by national competent authorities of the Markets in Financial Instruments Directive (MiFID) suitability requirements. July 24, 2018 WebPage Regulatory News
News EIOPA Publishes Risk Dashboard for the First Quarter of 2018 EIOPA published its updated Risk Dashboard based on data for the first quarter of 2018. This Risk Dashboard is based on Solvency II data and summarizes the main risks and vulnerabilities in the insurance sector in EU through a set of risk indicators of the first quarter of 2018. July 24, 2018 WebPage Regulatory News
News EBA Publishes Report on Assessment of European Secured Notes EBA published a report presenting the outcome of its assessment to the EC’s call for advice on the European Secured Notes (ESNs). July 24, 2018 WebPage Regulatory News
News CPMI/IOSCO Publish Update to Level 1 Assessment of Monitoring of PFMI CPMI and IOSCO published the fifth update to the Level 1 assessments of implementation monitoring of the Principles for financial market infrastructures (PFMI). July 23, 2018 WebPage Regulatory News
News ESMA Fines Five Banks for Issuing Credit Ratings Without Authorization ESMA fined five banks for issuing credit ratings without authorization from ESMA and issued five public notices for these banks negligently breaching the Credit Rating Agencies Regulation (CRAR). July 23, 2018 WebPage Regulatory News
News PRA Consults on Minor Amendments to Regulatory Reporting PRA is proposing (CP16/18) minor amendments to regulatory reporting. The proposals would result in changes to the Glossary, Regulatory Reporting, Reporting Pillar 2, and Close Links Parts of the PRA Rulebook. July 23, 2018 WebPage Regulatory News
News ESMA Updates Q&As on the Application of UCITS Directive and AIFMD ESMA updated question and answer (Q&A) documents on the application of the Undertakings for the Collective Investment in Transferable Securities (UCITS) Directive and the Alternative Investment Fund Managers Directive (AIFMD). July 23, 2018 WebPage Regulatory News
News BoE Publishes Outcomes of Proof of Concept on Renewed RTGS Service BoE published a report summarizing the outcomes of the Proof of Concept (PoC) to understand how a renewed RTGS service could be capable of supporting settlement in systems operating on innovative payment technologies, such as those built on distributed ledger technology (DLT). July 23, 2018 WebPage Regulatory News
News ECB Updates Lists of Entities and Legal Forms for AnaCredit Reporting ECB published updated versions of the documents on list of legal forms and the list of international organizations. In both the documents, changes have been highlighted in yellow. July 23, 2018 WebPage Regulatory News
News OCC Issues Capital and Dividends Booklet of the Comptroller Handbook OCC issued the “Capital and Dividends” booklet of the Comptroller’s Handbook. July 23, 2018 WebPage Regulatory News
News Switzerland and EU Amend Their Insurance Agreement Switzerland and EU have revised their insurance agreement. The amendment involves technical changes to the agreement on direct insurance other than life assurance. July 21, 2018 WebPage Regulatory News
News EBA Publishes Reports on Monitoring of CET1 and AT1 Instruments in EU EBA published a new updated list of common equity tier 1 (CET1) instruments of EU institutions, along with the third updated report on the monitoring of additional tier 1 (AT1) instruments. July 20, 2018 WebPage Regulatory News
News ESAs Publish Further Guidance on Key Information Document for PRIIPs ESAs published further guidance on the Key Information Document (KID) requirements for Packaged Retail and Insurance-based Investment Products (PRIIPs). July 20, 2018 WebPage Regulatory News
News BaFin Consults on Disclosure Requirements for Liquidity Coverage Ratio BaFin published a circular for consulting on the guidelines on liquidity coverage ratio (LCR) disclosures in Germany. July 20, 2018 WebPage Regulatory News
News CBIRC Consults on Measures for Financial Management Services of Banks CBIRC is consulting on the Measures for Supervision and Management of Commercial Banks' Financial Management Services. July 20, 2018 WebPage Regulatory News
News PBC Notice Clarifies Issues on Rules for Asset Management Businesses PBC released a notice to further clarify issues related to the guidelines on regulating asset management businesses of financial institutions. July 20, 2018 WebPage Regulatory News
News CSRC Proposals on PE Asset Management Business of Securities Firms CSRC published consultations on the "Management Measures for Private Equity Asset Management Business of Securities and Futures Operating Agencies (Draft for Comment)" and "Regulations on the Operation and Management of Private Equity Asset Management Plan of Securities and Futures Operating Agencies (Draft for Comment). July 20, 2018 WebPage Regulatory News
News FSB Issues Responses to A Consultation Related to Misconduct Risk FSB published public responses to the consultation on recommendations for consistent national reporting of data on the use of compensation tools to address misconduct risk. July 20, 2018 WebPage Regulatory News
News EBA Issues Final Guidance to Strengthen the Pillar 2 Framework in EU EBA, in accordance with its Pillar 2 Roadmap, published the final revised guidelines to further enhance institutions' risk management and supervisory convergence in the supervisory review and examination process (SREP). July 19, 2018 WebPage Regulatory News
News FSB Consults on Impact of Regulatory Reforms on Infrastructure Finance FSB published a consultation report on the evaluation of the effects of financial regulatory reforms on infrastructure finance and is seeking public feedback on the results of the evaluation to date. July 19, 2018 WebPage Regulatory News
News IMF Issues Reports on Financial Sector Surveillance of the Euro Area The published documents include the staff report and the selected issues report under the 2018 Article IV consultation, the financial system stability assessment (FSSA) report, and several technical notes under the Financial Sector Assessment Program (FSAP). July 19, 2018 WebPage Regulatory News
News ESMA Consults on Revisions to the Periodic Reporting of CRAs ESMA issued a consultation paper for revised guidelines on the information that is to be periodically reported to ESMA by credit rating agencies (CRAs) for supervisory purposes. July 19, 2018 WebPage Regulatory News
News EC Publishes Communication on Preparing for Withdrawal of UK from EU EC adopted a Communication outlining the ongoing work on the preparation for all outcomes of the withdrawal of UK from EU. July 19, 2018 WebPage Regulatory News
News EBA Publishes Risk Dashboard for the First Quarter of 2018 EBA published the periodical update to its Risk Dashboard for the first quarter of 2018. The dashboard summarizes the main risks and vulnerabilities in the EU banking sector using quantitative risk indicators, along with the opinions of banks and market analysts from its Risk Assessment Questionnaire. July 19, 2018 WebPage Regulatory News
News ACPR Issues Draft of Taxonomy RAN 1.2.0 for Solvency II Reporting ACPR published the draft version of taxonomy RAN 1.2.0 for Solvency II reporting. The returns are expected before August 20, 2018. The first closing date is December 31, 2018 for the 2019 reporting. July 19, 2018 WebPage Regulatory News
News EC Provides Guidance on Protection of Cross-Border EU Investments EC published its communication, to the European Parliament and the Council, to provide guidance on the existing EU rules for treatment of cross-border EU investments. July 19, 2018 WebPage Regulatory News
News EBA Publishes Final Guidelines on Fraud Reporting Under PSD2 EBA published the final report on the guidelines on fraud reporting under the revised Payment Services Directive (PSD2). July 18, 2018 WebPage Regulatory News
News ESMA Supplements Guide to Endorsement Regime for Non-EU Credit Ratings ESMA published supplementary guidance on the application of the endorsement regime for non-EU credit ratings under the Credit Rating Agencies Regulation (CRAR). July 18, 2018 WebPage Regulatory News
News EIOPA Q&A on Regulations: First Update for July 2018 EIOPA published new sets of questions and answers (Q&A) on guidelines, implementing regulations, delegating regulations, directives, and risk-free rate technical information applicable to insurers in Europe. July 18, 2018 WebPage Regulatory News
News Bank of Finland Publishes Updates on AnaCredit Reporting The updates cover AnaCredit requirements (version 2.5), validation checks for credit data collection, and description of electronic reporting for credit data collection, including the schema documents. July 18, 2018 WebPage Regulatory News
News HKMA Publishes Open API Framework for the Banking Sector in Hong Kong HKMA published the Open Application Programming Interface (API) framework for the banking sector in Hong Kong. HKMA announced that it will also launch the Open API on its official website on July 23, 2018. July 18, 2018 WebPage Regulatory News
News FED Revises and Extends Form FR Y-15 for Three Years Among the FED information collections that have been under review, FED posted the final OMB supporting statement for the banking organization systemic risk report (FR Y-15). July 18, 2018 WebPage Regulatory News
News FINMA Revises Its Anti-Money Laundering Ordinance The Swiss Financial Market Supervisory Authority FINMA revised its Anti-Money Laundering Ordinance (AMLO-FINMA). July 18, 2018 WebPage Regulatory News
News Randal K. Quarles of FED on Tailoring Banking Regulations in US Randal K. Quarles of FED spoke at the American Bankers Association Summer Leadership Meeting in Utah. July 18, 2018 WebPage Regulatory News
News Beverly Hirtle of New York FED on Supervisory Stress Testing Regime Ms Beverly Hirtle of the Federal Reserve Bank of New York spoke at the conference on "The Effects of Post-Crisis Banking Reforms" in New York City. July 18, 2018 WebPage Regulatory News
News EIOPA to Review Consumer Protection Issues in Travel Insurance in EU EIOPA launched an EU-wide thematic review that is intended to identify consumer protection issues in travel insurance and possible actions to ensure better consumer protection. July 17, 2018 WebPage Regulatory News
News FHFA Consults on New Capital Framework for Fannie Mae and Freddie Mac FHFA and the Office of Federal Housing Enterprise Oversight proposed a new regulatory capital framework for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac)—collectively known as the Enterprises. July 17, 2018 WebPage Regulatory News
News US Agencies Propose to Amend Section 13 of Bank Holding Company Act US Agencies (CFTC, FDIC, FED, OCC, and SEC) propose to amend the regulations implementing section 13 of the Bank Holding Company Act (BHC Act). July 17, 2018 WebPage Regulatory News
News OSFI Seeks Input on Domestic Implementation of Final Basel III Reforms OSFI released a discussion paper titled on the implementation of the final Basel III reforms in Canada. July 16, 2018 WebPage Regulatory News
News US Agencies Propose Guidance for the 2019 Resolution Plan Submissions US Agencies (FED and FDIC) are inviting comments on proposed guidance for the 2019 and subsequent resolution plan submissions by the eight largest, complex U.S. banking organizations (Covered Companies). July 16, 2018 WebPage Regulatory News
News ESMA Defines Standards for Implementation of Securitization Regulation ESMA issued the first set of technical standards under the Securitization Regulation, which contain both draft regulatory and implementing standards (RTS/ITS). July 16, 2018 WebPage Regulatory News
News FINMA Revises Circulars on Implementation of Basel III in Switzerland FINMA published revised circulars on interest rate risks, disclosures, capital requirements, and capital held by banks. July 16, 2018 WebPage Regulatory News
News FSI Publishes Report Examining Suptech Experience of Early Users FSI published a report that examines the experience of early users with the use of innovative technology by supervisory agencies (suptech) to support supervision. July 16, 2018 WebPage Regulatory News
News MAS Proposes Regulations to Enhance Resolution Regime in Singapore MAS published proposed regulations to enhance the resolution regime for financial institutions in Singapore. July 16, 2018 WebPage Regulatory News
News FSB Publishes Questionnaire for Prospective UPI Service Providers FSB published a self-assessment questionnaire for prospective Unique Product Identifier (UPI) service providers. July 16, 2018 WebPage Regulatory News
News FSB Report on Work of FSB and Standard-Setting Bodies on Crypto-Assets FSB published a report summarizing the work of FSB and other standard-setting bodies on crypto-assets. The report was delivered to the G20 Finance Ministers and Central Bank Governors. July 16, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2018 Article IV Consultation with Canada IMF published its staff report and selected issues report on the 2018 Article IV consultation with Canada. July 16, 2018 WebPage Regulatory News
News ECB Opinion on Proposed Regulation on Minimum Loss Coverage for NPEs ECB published its opinion on the proposal for the regulation on amending Capital Requirements Regulation or CRR (EU Regulation No 575/2013) with respect to minimum loss coverage for non-performing exposures (NPEs). July 16, 2018 WebPage Regulatory News
News EC Amends Regulation on Liquidity Coverage Requirements for Banks EC published the text of the Commission Delegated Regulation on liquidity coverage requirement for credit institutions. This Regulation amends the Delegated Regulation (EU) 2015/61 to supplement the Capital Requirements Regulation or CRR (EU Regulation No 575/2013). July 13, 2018 WebPage Regulatory News
News PRA Issues Policy Statement on Matching Adjustment Under Solvency II PRA published the policy statement PS18/18, which provides feedback on responses to the consultation paper (CP21/17) on matching adjustment under Solvency II. PS18/18 also contains the final supervisory statement SS7/18. July 13, 2018 WebPage Regulatory News
News PRA Publishes Policy Statements on Internal Models Under Solvency II PRA published the policy statements PS19/18 and PS20/18 related to internal models under Solvency II. PRA also published a letter from Sid Malik, Head of Division of Life Insurance and Pensions Risk Division, to Chief Actuaries of life insurers. July 13, 2018 WebPage Regulatory News
News ECB Publishes Paper Examining Costs and Benefits of Liquidity Rules ECB published a working paper that investigates the costs and benefits of liquidity regulation. The authors find that liquidity tools are beneficial but cannot completely remove the need for Lender of Last Resort (LOLR) interventions by the central bank. July 13, 2018 WebPage Regulatory News
News EC Amends and Supplements MMFR Regarding STS Securitizations and ABCPs EC published the Commission Delegated Regulation (EU) 2018/990 on simple, transparent, and standardized (STS) securitization and asset-backed commercial paper (ABCP) requirements for assets received as part of the reverse repurchase agreements and the credit quality assessment methodologies. July 13, 2018 WebPage Regulatory News
News ESMA Updates Q&As on EMIR and MiFID/MiFIR ESMA updated question and answer (Q&A) documents on the European Markets Infrastructure Regulation (EMIR), temporary product intervention measures of ESMA in relation to contracts for differences (CFDs) and binary options, and the implementation of investor protection topics under the MiFID II/MiFIR. July 12, 2018 WebPage Regulatory News
News PRA Issues Policy Statement on Group Supervision Under Solvency II PRA published a policy statement (PS17/18) that provides feedback on the responses to the consultation paper CP38/16 and the final supervisory statement SS9/15 on group supervision under Solvency II. July 12, 2018 WebPage Regulatory News
News FSB Issues Statement on Reforms to Interest Rate Benchmarks FSB published a statement on reforms to interbank offered rates (IBORs) and the development of overnight risk-free, or nearly risk-free, rates (RFRs) and term rates. July 12, 2018 WebPage Regulatory News
News ESMA Sets Out Plan for Systematic Internalizer Regime Calculations ESMA published details of its action plan (within its updated Q&As on MiFID II and MiFIR transparency topics) for systematic internalizer regime calculations, ahead of their publication on August 01, 2018. July 12, 2018 WebPage Regulatory News
News ESMA Reminds Firms to Submit Authorization Applications Before Brexit ESMA issued a Public Statement to raise the awareness of all market participants on the importance to prepare for the possibility of no agreement in the context of the UK withdrawing from EU (Brexit). July 12, 2018 WebPage Regulatory News
News PRA Issues Further Information on Timing and Basis of PRA110 Reporting PRA has provided additional information on the timing and basis of interim reporting for the introduction of PRA110, following its e-mail to the participating firms. July 12, 2018 WebPage Regulatory News
News EC Issues Regulations Supplementing AIFMD and UCITS Directive EC adopted rules to ensure more clarity and consistency in how assets are kept separated to better protect investors and to ensure more market efficiency. July 12, 2018 WebPage Regulatory News
News BoE Statement on SRB and Pillar 2A in Stress Test Hurdle Rates BoE published a statement providing details on two changes to the way hurdle rates are calculated in the annual stress test. These changes are only relevant to firms under the Capital Requirements Regulation (CRR). July 12, 2018 WebPage Regulatory News
News Danièle Nouy of ECB Speaks About Reducing Reporting Burden for Banks Danièle Nouy of ECB spoke, at the Ninth ECB Statistics Conference in Frankfurt, about statistics as an indispensable signpost. July 11, 2018 WebPage Regulatory News
News SRB Publishes its Annual Report for 2017 SRB published its annual report for 2017, which describes the activities and performance of SRB in 2017. July 11, 2018 WebPage Regulatory News
News ESMA Consults on Clearing Obligation Under EMIR ESMA published a consultation paper on the clearing obligation under EMIR. July 11, 2018 WebPage Regulatory News
News EIOPA Issues First Set of Q&A on Insurance Distribution Directive EIOPA published the first set of questions and answers (Q&A) that provide practical guidance on the application of the Insurance Distribution Directive (IDD) and its implementing regulations. July 11, 2018 WebPage Regulatory News
News ECB Announces Further Steps in Supervisory Approach to Stock of NPLs ECB announced further steps in its supervisory approach for addressing the stock of non-performing loans (NPLs) in the euro area. July 11, 2018 WebPage Regulatory News
News FCA Issues Final Rules on Handbook Changes Regarding EU MMF Regulation FCA published the policy statement PS18/17, which sets out final rules amending the FCA Handbook to ensure that it is consistent with the requirements of the EU Money Market Funds (MMF) Regulation. July 11, 2018 WebPage Regulatory News
News BoE Publishes Amended Branch Return Form BoE published an amended Branch Return Form. BoE is planning to consult on the proposed change to the Branch Return Form. July 10, 2018 WebPage Regulatory News
News OFR Proposes Rule for Data Collection from Central Counterparties The U.S. Department of the Treasury's Office of Financial Research (OFR) proposed a rule to establish a data collection covering centrally cleared funding transactions in the U.S. repurchase agreement (repo) market. July 10, 2018 WebPage Regulatory News
News Sabine Lautenschläger of ECB Speaks About Overcoming Data Shortcomings Sabine Lautenschläger of ECB spoke at the Ninth ECB Statistics Conference in Frankfurt. She talked about the importance of big data and the projects put in place to overcome shortcomings in data before the global financial crisis. July 10, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2018 Article IV Consultation with Vietnam IMF published its staff report and selected issues report under the 2018 Article IV consultation with Vietnam. July 10, 2018 WebPage Regulatory News
News HKMA Publishes Rules and Reporting Form for Banking Exposure Limits HKMA announced that the negative vetting of the Banking (Exposure Limits) Rules by the Legislative Council has expired and the rules will come into operation from July 13, 2018. July 09, 2018 WebPage Regulatory News
News EC Announces Entry Into Force of Fifth Anti-Money Laundering Directive The Fifth Anti-Money Laundering Directive has entered into force following its publication in the Official Journal of the European Union. July 09, 2018 WebPage Regulatory News
News RBNZ Releases Results of the 2017 Stress Test of Major Banks RBNZ published the results of the 2017 stress tests of major banks. RBNZ also published its approach for using the stress tests to monitor the stability of the financial system. July 09, 2018 WebPage Regulatory News
News ESRB Publishes Its Annual Report for 2017 ESRB published its seventh annual report, which details its achievements and activities between April 01, 2017 and March 31, 2018. July 09, 2018 WebPage Regulatory News
News OSFI Publishes the New Schedule B Reporting Requirements OSFI published a letter requesting trustees and depositories of foreign bank branches and branches of foreign life insurance companies, fraternal benefit societies, and property & casualty insurance companies (branches) to begin filing Schedule B monthly reporting via the Regulatory Reporting System (RRS). July 09, 2018 WebPage Regulatory News
News US Agencies Publish Sections of Resolution Plans Due in July 2018 US Agencies (FED and FDIC) released the public portions of the resolution plans of several banks. FED published resolution plans of four foreign banking organizations: Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, and UBS AG. July 09, 2018 WebPage Regulatory News
News MAS Consults on the Revisions to Misconduct Reporting Requirements MAS consults on the revisions to misconduct reporting requirements and the proposals to mandate reference checks for representatives. July 06, 2018 WebPage Regulatory News
News ECB Paper on Institutional Continuity Between Eurosystem and SSM ECB published a working paper on institutional framework governing the Eurosystem and the Single Supervisory Mechanism (SSM). July 06, 2018 WebPage Regulatory News
News Danièle Nouy of ECB on Banking Regulation and Supervision for SMEs While speaking at a Conference in Austria, Danièle Nouy of ECB explained the funding challenges faced by small and medium-size enterprises (SMEs). July 06, 2018 WebPage Regulatory News
News Elke König of SRB Speaks About Harmonizing Insolvency Regimes in EU The SRB Chair Dr Elke König delivered a keynote speech in Stockholm on the issue of banking resolution. She highlighted that, since the financial crisis, EU has put in place a number of measures and institutions to better deal with any shocks to the system going forward. July 06, 2018 WebPage Regulatory News
News European Parliament Issues Glossary of Terms Related to Banking Union European Parliament published the abbreviation list and tri-lingual glossary (English, German, and French) lists. July 06, 2018 WebPage Regulatory News
News OSFI Consults on Revisions to Capital Adequacy Requirements Guideline OSFI is consulting on revisions to the Capital Adequacy Requirements (CAR) Guideline for implementation in the first quarter of 2019. July 06, 2018 WebPage Regulatory News
News EIOPA Issues Opinion to Determine Insurance Class for Statutory Risks EIOPA published its Mediation Opinion on the determination of the correct insurance class for the insurance policy known as statutory risks in France. July 06, 2018 WebPage Regulatory News
News US Agencies Issue Statement on the Impact of EGRRCP Act US Agencies (FDIC, FED, and OCC) issued a joint statement detailing rules and associated reporting requirements that are immediately affected by the enactment of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA). July 06, 2018 WebPage Regulatory News
News EIOPA Launches EU-Wide Thematic Review on Big Data in Insurance Sector EIOPA launched EU-wide thematic review on Big Data as a follow-up to the March 2018 cross-sectorial review of ESAs on the use of Big Data. July 06, 2018 WebPage Regulatory News
News EC Issues Rules for Assessing Use of AMA for Operational Risk by Banks EC published the Commission Delegated Regulation (EU) 2018/959 on regulatory technical standards of the specification of the assessment methodology under which competent authorities permit institutions to use Advanced Measurement Approaches (AMA) for operational risk. July 06, 2018 WebPage Regulatory News
News PRA Issues PS16/18 on Changes to Reporting Requirements for Insurers PRA issued the policy statement PS16/18, which provides feedback to responses to the consultation paper CP2/18 on changes in insurance reporting requirements. July 06, 2018 WebPage Regulatory News
News RBNZ Issues In-Principle Decisions on Capital Requirements for Banks RBNZ published its "in-principle decisions" on capital requirements for registered banks, as part of the review of capital adequacy in the New Zealand banking system. July 06, 2018 WebPage Regulatory News
News Central Bank of Ireland Increases CCyB Rate on Irish Exposures The Central Bank of Ireland is increasing the countercyclical capital buffer (CCyB) rate on Irish exposures from 0% to 1%, with effect from July 05, 2019. July 05, 2018 WebPage Regulatory News
News IFSB Releases the 2018 Stability Report on Islamic Financial Services IFSB released the sixth edition of the Islamic Financial Services Industry (IFSI) Stability Report in 2018. July 05, 2018 WebPage Regulatory News
News IMF Publishes Report on the 2018 Article IV Consultation with Moldova IMF published its staff report under the 2018 Article IV consultation with the Republic of Moldova. July 05, 2018 WebPage Regulatory News
News IASB Article on Reducing Gap Between Insurance and Other Industries Gary Kabureck of IASB published a feature that examines reducing the gap between insurance and other industries. July 05, 2018 WebPage Regulatory News
News ECB Opinion on Regulation of Business of Owning Credit Agreements ECB published its opinion on the Consumer Protection (Regulation of Credit Servicing Firms (Amendment)) Bill (draft law) in Ireland. July 05, 2018 WebPage Regulatory News
News BoE Publishes Version 3.1.0 of Its XBRL Taxonomy and Related Artefacts This version of the taxonomy, data point model (DPM) dictionary, annotated templates, and validation rules covers the requirements for reporting of Minimum Requirement for Own Funds and Eligible Liabilities (MREL) data. July 05, 2018 WebPage Regulatory News
News BCBS Revises G-SIB Assessment Methodology and the HLA Requirement BCBS revised the assessment methodology for global systemically important banks (G-SIBs), along with the higher loss absorbency (HLA) requirement. July 05, 2018 WebPage Regulatory News
News FDIC on Applying EGRRCP Act Amendments to Home Mortgage Disclosure Act FDIC released a statement on implementation of the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act amendments to the Home Mortgage Disclosure Act (HMDA). July 05, 2018 WebPage Regulatory News
News BoE/FCA/PRA Consult on Building Operational Resilience of FS Firms BoE, FCA, and PRA jointly published a discussion paper on strengthening the operational resilience of financial services (FS) firms. July 05, 2018 WebPage Regulatory News
News MAS Amends Notices and Guide on Debt-Servicing Ratio on Property Loans MAS amended Notices 645, 1115, 831, 128, 632, 115, and 825, along with the guidelines on the application of total debt-servicing ratio (TDSR) for property loans under Notices 645, 1115, 831, and 128 (TDSR Guidelines). July 05, 2018 WebPage Regulatory News
News FED Proposes to Adopt ISO 20022 Format for Fedwire Funds Service FED proposed to adopt the ISO® 20022 message format for the Fedwire® Funds Service. If approved, the proposed action would replace the Fedwire Funds Service's current, proprietary message format. July 05, 2018 WebPage Regulatory News
News EU Guide to Assess Suitability of Management and Key Function Holders EBA and ESMA published the joint guidelines to assess the suitability of members of management bodies and key function holders. July 05, 2018 WebPage Regulatory News
News ESRB Publishes Risk Dashboard for June 2018 ESRB published its risk dashboard for June 2018, which contains a set of quantitative and qualitative indicators of systemic risk in the EU financial system. July 05, 2018 WebPage Regulatory News
News IMF Publishes Report on the 2018 Article IV Consultation with Germany IMF published its staff report under the 2018 Article IV consultation with Germany. Directors noted that profitability in the bank and life insurance sectors remains low and that restructuring efforts must be accelerated to durably strengthen resilience and reduce risks. July 05, 2018 WebPage Regulatory News
News Fernando Restoy of FSI Speaks on Proportionality in Banking Regulation At the Westminster Business Forum in London, the FSI Chairman Fernando Restoy spoke about the application of proportionality in banking regulation. July 04, 2018 WebPage Regulatory News
News Vicky Saporta of BoE Speaks on Future of Prudential Bank Regulation In a speech at the Westminster Business Forum, Vicky Saporta of BoE discusses the importance of the reforms agreed in December 2017 that finalized Basel III. She goes on to describe what banking regulation will look like in the future. July 04, 2018 WebPage Regulatory News
News Ireland Proposes Materiality Thresholds for Credit Obligation Past Due The Central Bank of Ireland published a consultation on the implementation of the Commission Delegated Regulation (EU) 2018/171 (of October 19, 2017) on materiality thresholds for credit obligations past due. July 04, 2018 WebPage Regulatory News
News PRA Publishes PS15/18 on the Extension of SM&CR to Insurers PRA published a policy statement (PS15/18) providing feedback to responses to CP14/17 on extension of the Senior Managers and Certification Regime (SM&CR) to insurers and to CP28/17 on implementing the extension of the SM&CR to insurers (along with certain other amendments). July 04, 2018 WebPage Regulatory News
News ECB Publishes Report Presenting Best Practices in Recovery Planning ECB published a report that presents its lessons learned and the best practices observed after three successive cycles of recovery plan assessments. July 04, 2018 WebPage Regulatory News
News FCA Announces List of Firms for Fourth Cohort of Regulatory Sandbox FCA announced the list of 29 firms that were successful in their applications to begin testing in the fourth cohort of the regulatory sandbox. FCA received 69 applications to cohort four of the regulatory sandbox, representing an increase over the 61 applications received to cohort three. July 04, 2018 WebPage Regulatory News
News BoE Paper on Risk Sensitivity and Risk Shifting in Banking Regulation BoE published a paper that examines risk sensitivity and risk shifting in banking regulation. The paper provides evidence that the more risk‐sensitive Basel II framework may have reduced banks’ incentives to engage in higher‐risk mortgage lending in the UK. July 04, 2018 WebPage Regulatory News
News IOSCO Proposes Good Practices for Commodities Storage and Delivery IOSCO proposed the good or sound practices to assist relevant storage infrastructures and their oversight bodies to identify and address issues that could affect pricing of commodity derivatives and in turn affect market integrity and efficiency. July 04, 2018 WebPage Regulatory News
News FCA Policy Statements on Extension of SM&CR to Firms and Insurers FCA published the policy statements PS18/14 and PS18/15 on extending the Senior Managers & Certification Regime (SM&CR) to FCA firms and insurers, respectively. July 04, 2018 WebPage Regulatory News
News CBIRC Issues XBRL Taxonomy for ALM Reporting by Insurance Companies CBIRC issued notice on the issuance of XBRL taxonomy for the quarterly report on insurance asset and liability management (ALM) and the implementation of the insurance ALM regulatory information system module. July 03, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with New Zealand IMF published its staff report and selected issues report on the 2018 Article IV consultation with New Zealand. July 03, 2018 WebPage Regulatory News
News IMF Publishes Report on the 2018 Article IV Consultation with Honduras IMF published its staff report under the 2018 Article IV consultation with Honduras. Directors welcomed the stability of the banking system and commended the progress made toward adopting Basel III standards. July 03, 2018 WebPage Regulatory News
News FED Proposes to Revise and Extend Form FR Y-15 for Three Years FED proposed to extend for three years, with revision, the mandatory Banking Organization Systemic Risk Report (FR Y-15; OMB No. 7100-0352). The revisions are effective from the June 30, 2018 report date. FED also updated the reporting form and instructions for FR Y-15. July 03, 2018 WebPage Regulatory News
News HKMA Revises Module on Counterparty Credit Risk Management HKMA issued a guidance note with the revised version of the Supervisory Policy Manual (SPM) module CR-G-13 on counterparty credit risk (CCR) management for authorized institutions. July 03, 2018 WebPage Regulatory News
News PRA Proposes to Apply Leverage Ratio Framework to Systemic RFBs PRA is proposing (CP14/18) to apply the systemic risk buffer framework in the UK leverage ratio framework. PRA proposes to apply the UK leverage ratio framework on a sub-consolidated basis to the ring-fenced bodies (RFBs) in scope, to amend the additional leverage ratio buffer (ALRB) to reflect the systemic risk buffer. July 03, 2018 WebPage Regulatory News
News ESMA Publishes its Annual Report for 2017 ESMA published its annual report for 2017, which details objectives, activities, and key achievements of ESMA during the year. July 03, 2018 WebPage Regulatory News
News IMF Issues Report on 2018 Article IV Consultation with United States IMF published its staff report under the 2018 Article IV consultation with the United States. July 03, 2018 WebPage Regulatory News
News ESMA Issues Responses to Consultations on Securitization Repositories ESMA published the responses received to its two consultations on securitization repositories. Both the consultations were issued on March 23, 2018 and comment period ended on May 23, 2018. July 03, 2018 WebPage Regulatory News
News FED Updates the Draft Reporting Form FR Y-9C for Banks Among the FED information collections that have been under review, FED posted the updated draft reporting form FR Y-9C, which is the report on consolidated financial statements for holding companies. July 03, 2018 WebPage Regulatory News
News FED Announces Aggregate Financial Sector Liabilities of Banks in US FED announces that the aggregate financial sector liabilities equal USD 20,283,121,945,000 and the related measure is in effect from July 01, 2018 through June 30, 2019. July 03, 2018 WebPage Regulatory News
News ESMA Clarifies Clearing Obligation for Pension Scheme Arrangements ESMA issued clarifications via a statement on the clearing obligation for pension scheme arrangements (PSAs). July 03, 2018 WebPage Regulatory News
News ECB Consults on Materiality Threshold for Credit Obligations Past Due ECB published a draft regulation on the definition of the materiality threshold for credit obligations past due. July 03, 2018 WebPage Regulatory News
News EBA Reports Assess Impact of Fintech on Business Models of Banks EBA, as the first products of its fintech roadmap, published a thematic report on the impact of fintech on incumbent credit institutions' business models and a thematic report on the prudential risks and opportunities arising for institutions from fintech. July 03, 2018 WebPage Regulatory News
News RBNZ Consults on Insurance Solvency Standards and NZ IFRS 16 RBNZ is consulting on the insurance solvency standards and the NZ IFRS 16 on leases. July 03, 2018 WebPage Regulatory News
News APRA Proposes Updates to Related Parties Framework for Banks APRA proposed changes to the requirements for authorized deposit-taking institutions in managing risks from associations with related parties. July 02, 2018 WebPage Regulatory News
News FED and FDIC Extend Resolution Plan Filing Deadline for Domestic Firms FED and FDIC announced that they have extended the next resolution plan filing deadline for 14 domestic firms by one year to December 31, 2019. July 02, 2018 WebPage Regulatory News
News FSB Issues Public Consultation on Cyber Lexicon FSB published a draft Cyber Lexicon for public consultation. The Cyber Lexicon comprises a set of 50 core terms related to cyber security and cyber resilience in the financial sector. July 02, 2018 WebPage Regulatory News
News PRA Publishes CP13/18 on Equity Release Mortgages Under Solvency II PRA published the consultation paper (CP13/18) that sets out additional PRA expectations from firms investing in equity release mortgage (ERM) portfolios, as set out in Chapter 3 of the supervisory statement SS3/17. July 02, 2018 WebPage Regulatory News
News BaFin Publishes Circular on Insurance Regulatory Requirements for IT BaFin published circular 10/2018 on insurance regulatory requirements for information technology (IT). The circular provides a flexible and practical framework for the management of IT resources, information risk management, and information security management. July 02, 2018 WebPage Regulatory News
News EC Vice President on Making Capital Markets Union Work for Investors The EC Vice President Valdis Dombrovskis gave an opening speech, in Brussels, at the public hearing on ways to make the Capital Markets Union (CMU) work for retail investors. June 29, 2018 WebPage Regulatory News
News BIRD Initiative of ESCB Publishes Documentation on BIRD Release 2.0 Documentation of the Banks' Integrated Reporting Dictionary (BIRD) Release 2.0 has been published. This release consists of a complete methodology used to describe the various datasets of the different layers (for example: Input Layer, Output Layer) in the BIRD. June 29, 2018 WebPage Regulatory News
News PRA Updates PS31/17 to Include Benchmarking Regulation Instrument 2018 PRA updated the policy statement PS31/17 to include the EU Benchmarking Regulations Instrument 2018, based on the legislative framework for PRA to implement the EU Benchmarks Regulation (BMR). June 29, 2018 WebPage Regulatory News
News US Agencies Propose the 2019 Resolution Plan Guidance for Large Banks The US Agencies (FDIC and FED) proposed the revised resolution plan guidance for the 2019 and subsequent resolution plan submissions of the eight largest, most complex U.S. banks. June 29, 2018 WebPage Regulatory News
News EBA Updated Implementing Standards for the 2019 Benchmarking Exercise EBA published the updated implementing technical standards, which amending Commission Implementing Regulation (EU) 2016/2070, on the benchmarking of internal models. June 29, 2018 WebPage Regulatory News
News BCBS Issues Technical Amendment to Net Stable Funding Ratio for Banks BCBS approved a technical amendment on the treatment of extraordinary monetary policy operations in the net stable funding ratio (NSFR). June 29, 2018 WebPage Regulatory News
News MAS Amends Guideline ID 01/17 and Notices 302, 318, 320, and 322 MAS issued amendments to MAS Notices 302, 318, 320, and 322, along with the amendments to the guidelines on the online distribution of life policies with no advice (Guideline ID 01/17). The amendments to the relevant Notices and Guideline will take effect on July 02, 2018. June 29, 2018 WebPage Regulatory News
News ECB Updates Q&A on AnaCredit Regulation in June 2018 ECB updated 13 questions and answers (Q&A) on AnaCredit Regulation. June 29, 2018 WebPage Regulatory News
News CBIRC Issues Rules for Financial Asset Management Companies in China CBIRC issued the “Administrative Measures for Financial Assets Investment Companies” (for trial implementation). June 29, 2018 WebPage Regulatory News
News IAIS Publishes Application Paper on Supervising Insurer Cybersecurity IAIS published a draft application paper on the supervision of insurer cybersecurity. The application paper provides further guidance to supervisors seeking to develop or enhance their approach to supervising the cyber risk, cybersecurity, and cyber resilience of insurers. June 29, 2018 WebPage Regulatory News
News IAIS Consults on Revisions to ICP 6 and ICP 20 for Insurers IAIS is consulting on the revised Insurance Core Principles on Changes in Control and Portfolio Transfers (ICP 6) and on Public Disclosure (ICP 20). June 29, 2018 WebPage Regulatory News
News FIN-FSA Decides to Impose Systemic Risk Buffer on Credit Institutions The Board of the Finnish Financial Supervisory Authority (FIN-FSA) has decided to impose, on credit institutions, a structural additional capital requirement in the form of the systemic risk buffer. June 29, 2018 WebPage Regulatory News
News BCRA Updates Minimum Capital Requirements and LCR Rules for Banks BCRA updated the minimum capital requirements and liquidity coverage ratio (LCR) rules under the Basel standards for banks. June 28, 2018 WebPage Regulatory News
News IASB Chair Speaks on Adoption of IFRS Standards Including IFRS 17 During the IFRS Foundation Conference in Frankfurt, the IASB Chair provided a brief update on the spread of IFRS Standards worldwide and discussed the ongoing work of the Board. June 28, 2018 WebPage Regulatory News
News PRA Amends the Large Exposures Framework and Reporting Rules for Banks PRA published the Policy Statement PS14/18 that provides feedback to responses to the consultation paper CP20/17 on changes to the large exposures framework of PRA. June 28, 2018 WebPage Regulatory News
News FED Releases Results of Comprehensive Capital Analysis and Review FED released results of the Comprehensive Capital Analysis and Review (CCAR). The results show that, out of the 35 participating firms, FED objected to the capital plan from DB USA Corporation due to qualitative concerns. June 28, 2018 WebPage Regulatory News
News SEC Adopts Inline XBRL for Tagged Data for Companies and Funds SEC adopted amendments to eXtensible Business Reporting Language (XBRL) requirements for operating companies and funds. June 28, 2018 WebPage Regulatory News
News EBA Issues Opinion on Stricter Macro-Prudential Measure by Swedish FSA EBA published an opinion following the notification by Finansinspektionen, the Swedish Financial Supervisory Authority (FSA), of its intention to change the method it uses to apply a risk-weight floor for Swedish mortgages through Pillar 2. June 28, 2018 WebPage Regulatory News
News EP Publishes Reports on Proposals Amending CRD IV, CRR, BRRD, and SRMR European Parliament published reports on the proposals to amend the fourth Capital Requirements Directive (CRD IV), the Capital Requirements Regulation (CRR), Bank Recovery and Resolution Directive (BRRD), and Single Resolution Mechanism Regulation (SRMR). June 28, 2018 WebPage Regulatory News
News OCC Updates Booklets of Comptroller Handbook for Community Banks in US OCC issued the revised “Bank Supervision Process,” “Community Bank Supervision,” “Compliance Management Systems,” and “Large Bank Supervision” booklets of the Comptroller’s Handbook. In addition, OCC updated the “Federal Branches and Agencies Supervision” booklet. June 28, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2018 Article IV Consultation with Ireland IMF published its staff report and selected issues report in the context of the 2018 Article IV consultation with Ireland. June 28, 2018 WebPage Regulatory News
News SEC Adopts Changes to Public Liquidity Risk Management Disclosure SEC adopted amendments to public liquidity-related disclosure requirements for certain open-end funds. The amendments will become effective sixty days after they are published in the Federal Register. June 28, 2018 WebPage Regulatory News
News BCBS Publishes Responses to Consultation on Market Risk Standards BCBS, on March 22, 2018, launched a consultation on revisions to the minimum capital requirements for market risk. June 28, 2018 WebPage Regulatory News
News EIOPA Opines Insurers Must Inform Customers About Impact of Brexit EIOPA published an Opinion addressed to national supervisory authorities about the duty of insurance undertakings and insurance intermediaries to inform customers about the possible impact of the withdrawal of the UK from EU. June 28, 2018 WebPage Regulatory News
News IAIS Publishes Newsletter for June 2018 IAIS published its newsletter describing the activities and achievements this month. June 28, 2018 WebPage Regulatory News
News BOG Issues the Capital Requirements Directive Under Basel II The Bank of Ghana (BOG) published the Capital Requirements Directive (CRD) under Section 92(1) of the Banks and Specialized Deposit-taking Institutions Act 2016 (the BSDI Act) and under Section 4(d) of the Bank of Ghana Act 2002. June 28, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2018 Article IV Consultation with Georgia IMF published its staff report and selected issues report under the 2018 Article IV consultation with Georgia and completed second review of Extended Fund Facility of Georgia. June 28, 2018 WebPage Regulatory News
News Randal Quarles of FED on US Interest in Promoting Financial Stability Randal K. Quarles of FED spoke about the interest of United States in the global efforts to promote financial stability. June 27, 2018 WebPage Regulatory News
News Wuermeling of Bundesbank on Europe as a Financial Center After Brexit Prof. Joachim Wuermeling the Deutsche Bundesbank spoke at the annual reception of the Association of Foreign Banks in Germany, Frankfurt. He spoke about the future of Europe as a financial center after Brexit. June 27, 2018 WebPage Regulatory News
News Verena Ross of ESMA Speaks on Importance of LEI in Context of MiFID II Verena Ross, the ESMA Executive Director, spoke at the Banque De France Conference in Paris about the importance of Legal Entity Identifier (LEI) in the context of the second Markets in Financial Instruments Directive (MiFID II). June 27, 2018 WebPage Regulatory News
News HKMA and SFC Conclude Consultation on Enhancing OTC Derivatives Regime HKMA and SFC issued conclusions to a joint consultation on further enhancements to the over-the-counter (OTC) derivatives regulatory regime in Hong Kong. June 27, 2018 WebPage Regulatory News
News BoE Publishes Financial Stability Report in June 2018 BoE published the financial stability report, which sets out view of the Financial Policy Committee (FPC) on the stability of the UK financial system and what it is doing to remove or reduce any risks to the system. June 27, 2018 WebPage Regulatory News
News ESRB Issues Opinion on Stricter Macro-Prudential Measure by Sweden ESRB published its opinion on the Swedish notification of a stricter national measure on prudential requirements for credit institutions and investment firms, based on Article 458 of the Capital Requirements Regulation (CRR or EU Regulation No 575/2013). June 27, 2018 WebPage Regulatory News
News SNB Updates Reporting Forms for Capital Adequacy Under Basel III SNB updated the capital adequacy reporting forms (release 2.8) and instructions for Basel III. June 27, 2018 WebPage Regulatory News
News EIOPA Submits to EC Standards for Professional Indemnity Insurance EIOPA submitted, as required by Article 10(7) of the Insurance Distribution Directive, the draft regulatory technical standards to EC for adapting the base euro amounts for professional indemnity insurance and financial capacity of insurance intermediaries. June 27, 2018 WebPage Regulatory News
News BoE Notifies on Approach of UK to Financial Legislation Under EUWA HM Treasury set out its approach to onshoring financial services legislation under the European Union (Withdrawal) Act (EUWA). June 27, 2018 WebPage Regulatory News
News DNB Publishes Banking and Insurance Newsletters for June 2018 DNB issued the banking and insurance newsletters for June 2018. June 27, 2018 WebPage Regulatory News
News FCA Issues Statement on Its Role in Preparing for Brexit FCA issued a statement that provides stakeholders with an update on how it is preparing for the UK leaving the EU. June 27, 2018 WebPage Regulatory News
News OFR Paper on Ontology of Ownership and Control Relations of BHCs OFR published a paper that outlines an approach to capturing information in the National Information Center database about bank holding companies (BHCs) and their subsidiaries, along with their ownership and control relationships. June 27, 2018 WebPage Regulatory News
News Benoît Cœuré of ECB Speaks on Future of FMIs Benoît Cœuré of ECB spoke at the Central Bank Payments Conference on the future of financial market infrastructures. June 26, 2018 WebPage Regulatory News
News EC Vice President Speaks on Action Plan for Sustainable Finance in EU The EC Vice President Valdis Dombrovskis discussed the EC Action Plan for sustainable finance during a keynote speech at the Principles for Responsible Investment (PRI) Conference in Brussels. June 26, 2018 WebPage Regulatory News
News IMF Issues Reports on 2018 Article IV Consultation with Czech Republic IMF published its staff report and selected issues report under the 2018 Article IV consultation with Czech Republic. The banking system is well-capitalized, liquid, and profitable. June 26, 2018 WebPage Regulatory News
News IMF Publishes Technical Notes on FMIs and AML/CFT in China Under FSAP One technical note addresses systemic oversight of financial market infrastructures (FMIs) while the other note assesses the anti-money laundering and combating the financing of terrorism (AML/CFT) framework in the country. June 26, 2018 WebPage Regulatory News
News ESMA Publishes Responses to Consultation on Aspects of CRA Regulation ESMA published the responses received to its consultation on draft guidelines on “as stringent as” notion in the CRA Regulation. June 26, 2018 WebPage Regulatory News
News Bundesbank Publishes Version 4.0 of Handbook for AnaCredit Validations Deutsche Bundesbank published Version 4.0 of its handbook for AnaCredit validations. June 26, 2018 WebPage Regulatory News
News Valdis Dombrovskis of EC Speaks on Reviews of Solvency II Valdis Dombrovskis, the Vice President of EC, spoke at the Insurance Europe conference on Solvency II. June 26, 2018 WebPage Regulatory News
News Jeremy Rudin of OSFI on Use of Data Science in Financial Supervision At the 11th Symposium on Asian Banking and Finance in San Francisco, Jeremy Rudin of OSFI spoke about the impact of data science on supervision of financial institutions. June 25, 2018 WebPage Regulatory News
News Ravi Menon of MAS Speaks on the State of Financial Regulation in 2028 During the keynote address at the Symposium on Asian Banking and Finance in San Francisco, Ravi Menon, the Managing Director of MAS discussed the state of financial regulation twenty years after the global financial crisis. June 25, 2018 WebPage Regulatory News
News APRA Issues Template and Instructions for P1R3 Life Claims Data APRA issued reporting template, questionnaire, and instructions for the Phase 1 Round 3 (P1R3) of the life insurance claims data collection. June 25, 2018 WebPage Regulatory News
News ESMA Publishes Responses to Consultation on EMIR Clearing Obligation ESMA published the responses received to the consultation on amendments to the EMIR Clearing Obligation under the Securitization Regulation. ESMA published the responses received from six entities. June 25, 2018 WebPage Regulatory News
News EBA Issues Opinion on Brexit Preparations of Financial Institutions EBA published an opinion on the risks posed by lack of preparation by financial institutions for the departure of UK from EU. June 25, 2018 WebPage Regulatory News
News EIOPA Publishes the Financial Stability Report in June 2018 EIOPA published the Spring 2018 financial stability report on the insurance, reinsurance, and occupational pensions sectors in the European economic area. June 25, 2018 WebPage Regulatory News
News EBA Updates the Guides on Supervisory Data in Light of IFRS 9 Changes EBA updated the methodological guide and the guidance note on supervisory data, in light of IFRS 9 changes introduced with the EBA reporting framework version 2.7 from reference date March 2018. June 25, 2018 WebPage Regulatory News
News ECB Paper Proposes Advanced IRB Models for Defaulted Exposures ECB published a working paper that presents a proposal to construct advanced internal ratings-based (IRB) models for defaulted exposures, in line with the current regulations, to preserve the risk-sensitivity of capital requirements. June 25, 2018 WebPage Regulatory News
News IMF Issues Reports on 2018 Article IV Consultation with Lithuania IMF published its staff report and selected issues report under the 2018 Article IV consultation with Republic of Lithuania. June 25, 2018 WebPage Regulatory News
News Bank of Italy Updates Schema and Handbook for AnaCredit Reporting Bank of Italy published an updated schema for AnaCredit reporting, along with the Version 1.2 of the AnaCredit Handbook for reporting. June 25, 2018 WebPage Regulatory News
News FSB Issues Summary of its Plenary Meeting in June The FSB Plenary met in Basel to discuss risks and vulnerabilities from market developments in the global financial system and progress against its 2018 workplan for delivery to the Argentine G20 Summit in November. June 25, 2018 WebPage Regulatory News
News CBJ Issues Instructions for Implementing IFRS 9 in Jordan CBJ explained in its instructions that the proper implementation of the new standard requires coordination and integration between different units of work in banks, especially units responsible for credit and risk management, financial, and information systems. June 24, 2018 WebPage Regulatory News
News BIS Publishes Its Annual Report and Annual Economic Report for 2017–18 BIS separately published the annual report and the annual economic report for 2017–18. The annual report provides a description of its activities, governance, and organization, along with its annual financial statements for 2017–18. June 24, 2018 WebPage Regulatory News
News Central Bank of Ireland Proposes Changes to Domestic Actuarial Regime Central Bank of Ireland is consulting (CP122) on changes to the Domestic Actuarial Regime and related governance requirements under Solvency II (Domestic Actuarial Regime). June 22, 2018 WebPage Regulatory News
News EBA Consults on Guidelines on Outsourcing in the EU The draft guidelines provide a clear definition of outsourcing and specify the criteria to assess whether or not an outsourced activity, service, process, or function (or part of it) is critical or important. The consultation runs until September 24, 2018. June 22, 2018 WebPage Regulatory News
News EBA Includes PSD2 to the Interactive Single Rulebook and Q&A Tools EBA updated its online Interactive Single Rulebook and Questions and Answers (Q&A) tool with the inclusion of the second Payment Services Directive (PSD2). June 22, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: Third Update for June 2018 This week one answer was published as part of the Single Rulebook Questions and Answers (Q&A) related to own funds under the Capital Requirements Regulation (CRR or EU Regulation No 575/2013). June 22, 2018 WebPage Regulatory News
News IASB Issues Work Plan and Meetings Updates for June 2018 IASB published the updated work plan, along with the updates on its June meeting and on its joint meeting with the FASB, which was held on June 19, 2018. June 22, 2018 WebPage Regulatory News
News ESMA Publishes Opinion on Liquidity Risk Assessment of CCPs Under EMIR ESMA issued an opinion, under the European Markets Infrastructure Regulation (EMIR), that outlines the way central counterparties (CCPs) should assess liquidity risk. June 22, 2018 WebPage Regulatory News
News BCB Consults on Pillar 3 Disclosure Requirements in Brazil The proposal is in line with the Pillar 3 disclosure requirements published by BCBS. The new rules should come into force in January 2020. June 22, 2018 WebPage Regulatory News
News BoE Examines Optimal Methods of Internal Capital Allocation by Banks BOE published an article that discusses the range of methods that banks use to allocate equity capital to their business lines, drawing on reviews conducted by PRA. June 22, 2018 WebPage Regulatory News
News CBUAE Publishes Country and Transfer Risks Regulation and Standards CBUAE published the Regulation and the Standards on country and transfer risks. The Regulation and the Standards are intended to ensure country and transfer risks are appropriately managed by banks, in line with the leading international practices. June 21, 2018 WebPage Regulatory News
News CBUAE Publishes Regulation and Standards on Risk Management by Banks CBUAE published Regulation and Standards on risk management for banks. The purpose of the Regulation and the Standards is to establish an overarching prudential framework for risk management in banks and to strengthen risk management across the banking sector. June 21, 2018 WebPage Regulatory News
News EIOPA Issues an Expanded Set of Solvency II Statistics on EU Insurers EIOPA published a new set of statistical information on the European insurance sector, based on Solvency II regulatory reporting for the fourth quarter of 2017. June 21, 2018 WebPage Regulatory News
News FSB Guidance on Bail-In Execution and Resolution Funding for G-SIBs FSB published two guidance documents to assist authorities in implementing its Key Attributes of Effective Resolution Regimes for global systemically important banks (G-SIBs). June 21, 2018 WebPage Regulatory News
News EBA Releases the First Two Papers in Its Staff Papers Series EBA launched its Staff Papers series, which provides a platform for EBA staff to disseminate research and thematic analyses to a wider public. June 21, 2018 WebPage Regulatory News
News FED Releases Results of Supervisory Stress Tests for Banks FED published the results of the 2018 supervisory stress tests for banks. The results show that the nation's largest bank holding companies are strongly capitalized and would be able to lend to households and businesses during a severe global recession. June 21, 2018 WebPage Regulatory News
News BCBS Assesses Progress in Implementing Principles for Risk Reporting BCBS published the progress report on the implementation of the principles for effective risk data aggregation and reporting by banks. June 21, 2018 WebPage Regulatory News
News OSFI Consults on 2019 Minimum Capital Test Guideline for P&C Insurers OSFI proposed the draft version of the 2019 Minimum Capital Test (MCT) guideline for property and casualty (P&C) insurers in Canada. June 21, 2018 WebPage Regulatory News
News BCB Issues Circular to Amend LCR and NSFR Regulations in Brazil BCB issued Circular No. 3,905 that amends regulations on the liquidity coverage ratio (LCR) and the net stable funding ratio (NSFR) in Brazil. June 21, 2018 WebPage Regulatory News
News Danièle Nouy of ECB on the ECB Approach to Supervising Governance During the keynote speech at the farewell seminar of Jan Sijbrand in Amsterdam, Danièle Nouy, Chair of the Supervisory Board of ECB, spoke about the ECB Banking Supervision’s approach to supervising governance. June 21, 2018 WebPage Regulatory News
News ESMA Chair on Achievements and Priorities of MiFID II Implementation The ESMA Chair Steven Maijoor spoke at the FESE Convention 2018 in Vienna about the achievements and current priorities of the implementation of the second Markets in Financial Infrastructure Directive (MiFID II). June 21, 2018 WebPage Regulatory News
News ECB Updates Manual for Asset Quality Review of Banks The update incorporates the implications of the entry into force of the new accounting standard IFRS 9 and takes into account the increasing importance of bank business models focused on investment services, in particular in the context of Brexit. June 20, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with Sri Lanka IMF published its staff report and selected issues report under the 2018 Article IV consultation with Sri Lanka. June 20, 2018 WebPage Regulatory News
News DGM of BIS Examines Impact of Fintech on Emerging Market Economies BIS published panel remarks by Luiz Awazu Pereira da Silva, the Deputy General Manager (DGM) of BIS, at the CV Meeting of Central Bank Governors of CEMLA, on June 05, 2018, in Paraguay. June 20, 2018 WebPage Regulatory News
News IMF Assesses Implementation of BCPs in Romania Under the FSAP IMF published a report on the detailed assessment of observance of the implementation of the Basel Core Principles for Effective Banking Supervision (BCPs) in Romania, under its Financial Sector Assessment Program (FSAP). June 20, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2018 Article IV consultation with Denmark IMF published its staff report and selected issues report in the context of the 2018 Article IV consultation with Denmark. The assessment reveals that banks are well-capitalized and progress was made with upgrading the regulatory framework. June 20, 2018 WebPage Regulatory News
News European Council Agrees Its Stance on Pan-European Pension Product The regulation would add a pan-European framework for people who wish to use PEPPs as a saving option. June 19, 2018 WebPage Regulatory News
News EC Finalizes the Fifth Money Laundering Directive in EU EC published Directive (EU) 2018/843, which amends Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, in addition to amending Directives 2009/138/EC and 2013/36/EU. June 19, 2018 WebPage Regulatory News
News EBA Consults on the Standards for Calculation of KIRB Under CRR EBA launched a public consultation on draft regulatory technical standards specifying the conditions to allow institutions to calcu

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