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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 calculate capital requirements of the securitized exposures (KIRB), in accordance with the purchased receivables approach laid down in the amended Capital Requirements Regulation (CRR). June 19, 2018 WebPage Regulatory News
News Danièle Nouy of ECB Speaks on the Work of ECB Banking Supervision Danièle Nouy, Chair of the ECB Supervisory Board, discussed the work of ECB Banking Supervision at the European Parliament’s Economic and Monetary Affairs Committee. June 19, 2018 WebPage Regulatory News
News BoE Paper Examines Impact of Leverage Ratio on Client Clearing This paper assesses the relative importance and interaction of capital requirements and "margining" in over-the-counter (OTC) derivative markets. June 18, 2018 WebPage Regulatory News
News EC Amends Guideline on Monetary and Financial Statistics in EU EC issued Guideline (EU) 2018/877, which amends the Guideline ECB/2014/15 on the monetary and financial statistics in EU. June 18, 2018 WebPage Regulatory News
News EBA Publishes its Annual Report for 2017 EBA published its 2017 Annual Report. The report provides a detailed account the work of EBA in the past year and describes the key areas of focus in the coming years. June 18, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with Switzerland IMF published its staff report and selected issues report under the 2018 Article IV consultation with Switzerland. June 18, 2018 WebPage Regulatory News
News European Parliament Briefing on Level 2 Measures Under CRD V/CRR II European Parliament published a briefing that has been prepared to support the work of ECON Committee on the scrutiny of delegated acts, in particular the discussion of June 18, 2018 on the forthcoming draft measures (Delegated Acts) and in particular regulatory technical standards under the CRD IV and the CRR. June 18, 2018 WebPage Regulatory News
News ECB Revises Assessment Methodology for Payment Systems in EU The revised methodology covers the requirements introduced by the revised systemically important payment systems (SIPS) Regulation, which entered into force in December 2017 and additionally references the Eurosystem’s Cyber Resilience Oversight Expectations (CROE). June 15, 2018 WebPage Regulatory News
News EIOPA Publishes its Annual Report for 2017 The report contains a comprehensive account of the activities of EIOPA in the implementation of its mandate and work program during 2017. June 15, 2018 WebPage Regulatory News
News CSRC and CBIRC Issue Rules Governing the Chinese Depository Receipts The measures include "Measures for Administration of Securities Issuance and Underwriting," "Implementation Measures for Continued Supervision after Listing of Domestically Issued Shares or Depository Receipts of Innovative Enterprises (Trial)," and "Guidelines on Content and Format of the Depository Agreement (Trial). June 15, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: Second Update for June 2018 The Single Rulebook question and answer (Q&A) updates for this week include two items on supervisory reporting. June 15, 2018 WebPage Regulatory News
News RBI Amends Level 1 HQLA Requirement for Computing LCR of Banks RBI amended the requirement of Level 1 High Quality Liquid Assets (HQLA) for computing the liquidity coverage ratio (LCR) of banks. The LCR computation is a part of the RBI's Basel III framework on liquidity standards, which covers LCR, liquidity risk monitoring tools, and LCR disclosure standards. June 15, 2018 WebPage Regulatory News
News CBM Publishes Reporting Schedules for Investment Funds in Malta CBM published the full set of reporting schedules for investment funds, along with the Schedule ML. The reporting schedules are intended for entities licensed to carry out activities related to the business of Securities and Markets. June 15, 2018 WebPage Regulatory News
News APRA Updates List of D2A Validation and Derivation Rules for Reporting APRA published a list of the latest Direct to APRA (D2A) validation rules for authorized deposit-taking institutions and insurers. June 15, 2018 WebPage Regulatory News
News FED Adopts Final Rule on SCCL for Large Banking Organizations FED adopted the final rule to establish single counterparty credit limits (SCCL) for banks. June 14, 2018 WebPage Regulatory News
News ACPR Updates COREP and FINREP Taxonomy DPM Version 2.7 for Banks ACPR updated COREP and FINREP Data Point Model (DPM) Version 2.7. The COREP and FINREP remittances at the March 2018 decree based on the DPM version 2.7 revealed a number of controls that were identified as inconsistent. June 13, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with Algeria IMF published its staff report and selected issues report in the context of the 2018 Article IV consultation with Algeria. June 13, 2018 WebPage Regulatory News
News IMF Report Suggests to Improve Bank Resolution Framework in Mauritius IMF published the technical assistance report on strengthening bank resolution and crisis management framework in Mauritius. June 13, 2018 WebPage Regulatory News
News BoE Issues Policy on Valuation Capabilities to Support Resolvability BoE released its final Statement of Policy on valuation capabilities to support resolvability. The policy statement also discusses responses to the consultation paper, which was published in August 2017. June 13, 2018 WebPage Regulatory News
News European Parliament Issues Paper Examining the 2018 Stress Test Design European Parliament published a research paper that examines how demanding and consistent is the 2018 stress test design in comparison to the previous exercises. June 13, 2018 WebPage Regulatory News
News ESMA Publishes Report on Supervisory Measures and Penalties Under EMIR ESMA issued its first annual report on supervisory actions and penalties imposed by the national competent authorities under the European Market Infrastructure Regulation (EMIR). June 13, 2018 WebPage Regulatory News
News European Parliament Publishes Paper on Challenges on BRRD Valuations European Parliament published a research paper that discusses, from a legal perspective, the challenges and difficulties involved in the production of the valuation reports required by the Bank Recovery and Resolution Directive (BRRD). June 13, 2018 WebPage Regulatory News
News EBA Consults on Clarifications for Regulatory Standards on SCA and CSC EBA published an Opinion on the implementation of the regulatory technical standards on strong customer authentication (SCA) and common and secure communication (CSC). June 13, 2018 WebPage Regulatory News
News PRA Publishes Policy Statement and Templates for MREL Reporting PRA published the policy statement PS11/18, which provides feedback to responses to the consultation paper CP1/18 and sets out the final expectations of PRA on minimum requirement for own funds and eligible liabilities (MREL) reporting. June 13, 2018 WebPage Regulatory News
News Bank of Italy Publishes Updates on AnaCredit Reporting in Italy Bank of Italy published a number of updates on AnaCredit reporting, including updates to national regulations as well as technical guidance and support documentation. June 13, 2018 WebPage Regulatory News
News CBIRC Issues Rules for Actuarial Reporting of Life Insurance Companies CBIRC issues revisions to the rules for compilation of actuarial reports by life insurance companies. June 12, 2018 WebPage Regulatory News
News IMF Publishes Reports on Financial Sector Assessment of Romania IMF published a report on the assessment of financial sector in Romania, under the Financial Sector Assessment Program (FSAP). June 12, 2018 WebPage Regulatory News
News Dietrich Domanski of FSB on Future Effective Global Resolution Regimes While speaking in Brussels, Dietrich Domanski, the Secretary General of FSB, examined the recent and expected developments in the area of recovery and resolution of banks. June 12, 2018 WebPage Regulatory News
News BaFin Issues Circular on Rules for Interest Rate Risk in Banking Book The BaFin issued a new circular (Circular 9/18) on the interest rate risk in the banking book (IRRBB). June 12, 2018 WebPage Regulatory News
News US Agencies Publish Semi-Annual Regulatory Agenda in June 2018 US Agencies (CFPB, CFTC, FED, and SEC) published the semi-annual regulatory flexibility agenda in the Federal Register, under the Regulatory Flexibility Act. June 11, 2018 WebPage Regulatory News
News EBA Issues Revised List of ITS Validation Rules in June 2018 EBA issued a revised list of validation rules in its implementing technical standards (ITS) on supervisory reporting. June 11, 2018 WebPage Regulatory News
News Valdis Dombrovskis of EC Speaks on Revision of EMIR The EC Vice President Valdis Dombrovskis gave opening remarks at the European Parliament Plenary debate on the revision of European Market Infrastructure Regulation (EMIR). June 11, 2018 WebPage Regulatory News
News IASB on Preparing the Market for IFRS 17 on Insurance Contracts IASB published an article on preparing the market for the IFRS 17 standard on insurance contracts. June 11, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with Angola IMF published its staff report and selected issues report under the 2018 Article IV consultation with Angola. June 11, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: First Update for June 2018 The Single Rulebook question and answer (Q&A) updates for this week include four items on the topics of credit risk and transitional arrangements for IFRS 9. June 08, 2018 WebPage Regulatory News
News OSFI Releases Discussion Paper on Reinsurance Framework OSFI released a discussion paper as part of its review of the reinsurance framework that is applicable to federally regulated insurers. June 08, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with Bangladesh IMF published its staff report and selected issues report under the 2018 Article IV consultation with Bangladesh. June 08, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with Guatemala IMF published its staff report and selected issues report under the 2018 Article IV consultation with Guatemala. June 08, 2018 WebPage Regulatory News
News BNM Consults on Pillar 3 Disclosure Requirements for Banks BNM issued an exposure draft that sets out the minimum requirements on disclosure of key information related to regulatory capital and risk exposures of a financial institution. June 08, 2018 WebPage Regulatory News
News FED Announces the 2018 Schedule for DFAST and CCAR Results FED announced the schedule for the results from Dodd-Frank Act stress testing (DFAST) and Comprehensive Capital Analysis and Review (CCAR). June 07, 2018 WebPage Regulatory News
News HKMA Finalizes Implementation of BDAR 2018 and Amendment Notice 2018 HKMA informed that the Banking (Disclosure) (Amendment) Rules 2018 (BDAR 2018) and the Banking (Specification of Multilateral Development Bank) (Amendment) Notice 2018 (Amendment Notice 2018) will come into operation on June 30, 2018. June 07, 2018 WebPage Regulatory News
News IMF Publishes Reports on Article IV Consultation with El Salvador IMF published its staff report and selected issues report in the context of the Article IV consultation with El Salvador. Directors noted that El Salvador’s banking system is well capitalized and very liquid. June 07, 2018 WebPage Regulatory News
News FSB Consults on Technical Implementation of TLAC Standard for G-SIBs FSB published a call for public feedback on the technical implementation of its total loss-absorbing capacity (TLAC) standard for global systemically important banks (G-SIBs). June 06, 2018 WebPage Regulatory News
News FSB Issues Update on Meeting of RCG for Americas The FSB RCG for Americas discussed sovereign risk, regtech, crypto-assets, and work to reduce misconduct risk at its recent meeting in Asuncion, Paraguay. June 06, 2018 WebPage Regulatory News
News APRA Standards to Strengthen Role of Appointed Actuary for Insurers APRA released a final package of measures on actuarial and related matters to clarify and strengthen the role of the Appointed Actuary within general, life, and private health insurance. June 06, 2018 WebPage Regulatory News
News Pentti Hakkarainen of ECB Speaks on Digitalization of Banking Sector Pentti Hakkarainen of ECB spoke at the Lisbon Research Center about the benefits and risks attached to technological transformation of the banking sector. June 06, 2018 WebPage Regulatory News
News ESMA Publishes Risk Dashboard for the First Quarter of 2018 ESMA issued the latest iteration of its risk dashboard, which covers risks in the securities markets in EU for the first quarter of 2018. June 06, 2018 WebPage Regulatory News
News BoE Consults on Adoption of Global Standard for Payments in UK BoE, in conjunction with the New Payments System Operator (NPSO) and the Payment System Regulator (PSR), launched a consultation on the adoption of a common global language or messaging standard, known as ISO 20022, for payments in the UK. June 06, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with Romania IMF published its staff report and selected issues report under the 2018 Article IV consultation with Romania. June 06, 2018 WebPage Regulatory News
News BSP Issues Guidelines for Implementing NSFR in the Philippines BSP published (via Circular No. 1007) the implementing guidelines for net stable funding ratio (NSFR), including the NSFR reporting template, as part of the Basel III framework liquidity standards. June 06, 2018 WebPage Regulatory News
News Central Bank of Ireland Issues Credit Data Types for AnaCredit The Central Bank of Ireland updated material on the reporting of credit data, including the Credit Data Types document (related to the ACR1B Schema v.2 and ACR2B Schema v.2 documents). June 06, 2018 WebPage Regulatory News
News BoE Publishes Results of Evaluation of its Resolution Arrangements BoE published a report on the evaluation of its resolution arrangements by the Independent Evaluation Office (IEO). June 05, 2018 WebPage Regulatory News
News FSB Issues Thematic Peer Review on Bank Resolution Planning FSB launched the third thematic peer review on resolution regimes for banks. The review aims to evaluate implementation, by FSB jurisdictions, of the resolution planning standard set out in the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions and in associated guidance in relation to banks. June 04, 2018 WebPage Regulatory News
News FSB Publishes Responses to Consultation on UPI Governance Arrangements FSB published responses to the second consultation on governance arrangements for the Unique Product Identifier (UPI). June 04, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with Thailand IMF published its staff report and selected issues report under the 2018 Article IV consultation with Thailand. June 04, 2018 WebPage Regulatory News
News EC Holds Conference on Preparing Supervisory Reporting for Digital Age EC held a conference on preparing supervisory reporting for digital age. June 04, 2018 WebPage Regulatory News
News ESRB Updates the Summary of National Macro-Prudential Measures ESRB updated the overview of national measures of macro-prudential interest in the EU and the European Economic Area. The overview covers capital buffers, reciprocation measures, and certain other measures. June 04, 2018 WebPage Regulatory News
News ESMA Adopts Product Intervention Measures on CFDs and Binary Options ESMA formally adopted new measures on the provision of contracts for differences (CFDs) and binary options to retail investors. June 01, 2018 WebPage Regulatory News
News OSFI Consults on the 2019 LICAT Guideline for Insurers OSFI is consulting on the 2019 Life Insurance Capital Adequacy Test (LICAT) guideline for federally regulated life insurance companies and fraternal benefit societies. June 01, 2018 WebPage Regulatory News
News EBA Issues Implementing Technical Standards on Supervisory Disclosure EBA published the final draft implementing technical standards on the format, structure, contents list, and annual publication date of the supervisory information to be disclosed by competent authorities. June 01, 2018 WebPage Regulatory News
News EC Adopts Rules on Investments in STS Securitizations for Insurers EC adopted new rules, via a Delegated Regulation, to stimulate investments of insurance companies in simple, transparent, and standardized (STS) securitization. The rules will apply as of January 01, 2019 if the European Parliament and the Council raise no objection to it. June 01, 2018 WebPage Regulatory News
News FDIC and OCC Finalize Rule to Shorten Settlement Cycle for Securities US Agencies (FDIC and OCC) issued a final rule to shorten the standard settlement cycle for securities purchased or sold by the institutions they supervise. June 01, 2018 WebPage Regulatory News
News CBIRC Issues Measures for Administering Joint Credit Granting by Banks CBIRC issued "Measures for the Administration of Joint Credit Granting of Banking Financial Institutions (Trial Implementation)." June 01, 2018 WebPage Regulatory News
News BDE Issues Technical Instructions for Financial Reporting by Banks BDE published technical instructions on rules for the presentation and telematic transmission of financial statements of credit institutions. BDE also published taxonomy related to semi-annual financial statements (FI 160 to FI 162) and annual financial statements (FI 180 to FI 182) in Annex 4 of Circular 4/2017. June 01, 2018 WebPage Regulatory News
News ECB Publishes Examples of Complete Reports for AnaCredit ECB published examples of complete reports that constitute an Annex to the AnaCredit Reporting Manual of ECB. May 31, 2018 WebPage Regulatory News
News DNB Issues Insurance Newsletter for May 2018 DNB issued insurance newsletter for May 2018. May 31, 2018 WebPage Regulatory News
News APRA Issues Results of Insurer Survey on Impact of AASB 16 and 17 APRA issued a letter providing high-level observations and summary of results of the 2017 survey on impact of accounting standards AASB 16 (Leases) and AASB 17 (Insurance Contracts) on insurance firms. May 31, 2018 WebPage Regulatory News
News Peter Kohlhagen of APRA on Combating Complacency in PHI Sector Peter Kohlhagen, APRA’s Senior Manager of Policy Development, spoke about combating complacency in a new era of Private Health Insurance (PHI) instability, at the Health Insurance Summit in Sydney. May 31, 2018 WebPage Regulatory News
News FED Proposes to Simplify Compliance Requirements for Volcker Rule FED published the proposed rule to simplify and tailor compliance requirements related to the Volcker rule. May 30, 2018 WebPage Regulatory News
News ECB Issues Report on Self-Assessment of TARGET2 Against PFMIs ECB published a report providing a summary of the self-assessment of the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET2) system against the principles for financial market infrastructures (PFMIs). May 30, 2018 WebPage Regulatory News
News EBA and ESMA Issue Statement on Retail Holdings of Bail-In-Able Debt EBA and ESMA published a joint statement encouraging institutions, market, and resolution authorities to properly consider retail holders of debt financial instruments subject to the Bank Recovery and Resolution Directive (BRRD) when carrying out their respective tasks. May 30, 2018 WebPage Regulatory News
News HKMA Revises Guideline for Authorization of Virtual Banks in Hong Kong HKMA published a revised guideline on the authorization of virtual banks, following the completion of a public consultation. HKMA also published a document on consultation conclusions, which contains detailed summary of comments recieved, along the responses of HKMA. May 30, 2018 WebPage Regulatory News
News ESMA Updates Q&As on the Implementation of EMIR and CSDR ESMA updated the question and answer (Q&A) documents on the implementation of the European Market Infrastructure Regulation (EMIR) and Central Securities Depository Regulation (CSDR). May 30, 2018 WebPage Regulatory News
News CBIRC Revises Guidelines for the Management of IRRBB in China The guidelines specify detailed requirements on management, measurement, supervision, and inspection of interest rate risk of commercial banks in the People's Republic of China. The effective date for the guidelines on IRRBB is January 01, 2019. May 30, 2018 WebPage Regulatory News
News IMF Issues Reports on 2018 Article IV Consultation with Qatar IMF published its staff report and selected issues report under the 2018 Article IV consultation with Qatar. Directors noted that the banking sector is healthy with high asset quality and strong capitalization. May 30, 2018 WebPage Regulatory News
News Bundesbank Updates Supporting Documents for AnaCredit Reporting Bundesbank updated versions of certain supporting documents for AnaCredit reporting. May 30, 2018 WebPage Regulatory News
News ESMA Updates Q&As on MiFID II and MiFIR ESMA updated question and answer (Q&A) document on data reporting under the Markets in Financial Instruments Regulation (MiFIR). May 29, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with Colombia IMF published its staff report and selected issues report post conclusion of the 2018 Article IV consultation with Colombia. May 29, 2018 WebPage Regulatory News
News GLEIF Updates Global Regulatory Activities on the Use of LEI GLEIF updated the list of current and proposed regulatory activities, including the use of the Legal Entity Identifier (LEI). The updates concern certain approved regulatory policies of RBI and the People's Bank of China (PBC). May 29, 2018 WebPage Regulatory News
News ESMA Publishes Final Guidelines on MiFID II Suitability Requirements ESMA published a report on the final guidelines for certain aspects of the Markets in Financial Instruments Directive (MiFID) II suitability requirements. The guidelines in the final report confirm and broaden the existing MiFID I guidelines on suitability, which were issued in 2012. May 28, 2018 WebPage Regulatory News
News ESMA Updates Q&As on SSR and Application of UCITS ESMA updated the question and answer (Q&A) documents on Short-Selling Regulation (SSR) and on the application of the Undertakings for the Collective Investment in Transferable Securities (UCITS) Directive. May 28, 2018 WebPage Regulatory News
News ESMA Issues Guidelines on Anti-Procyclicality Margin Measures for CCPs ESMA issued the final guidelines on anti-procyclicality margin measures for central counterparties (CCPs) under the European Market Infrastructure Regulation (EMIR). May 28, 2018 WebPage Regulatory News
News OSFI Issues Guidelines on TLAC and Capital Disclosure Requirements OSFI issued final versions of its guidelines on total loss-absorbing capacity (TLAC) disclosure requirements and capital disclosure requirements. May 28, 2018 WebPage Regulatory News
News IMF Publishes Reports on 2018 Article IV Consultation with Netherlands IMF published its staff report and selected issues report on the 2018 Article IV consultation with the Kingdom of the Netherlands. May 28, 2018 WebPage Regulatory News
News ECB Updates Its Guide to Fit and Proper Assessments Under SSM ECB updated its guide to fit and proper assessments in line with the Joint ESMA and EBA guidelines on suitability. May 28, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: Second Update for May 2018 The Single Rulebook Questions and Answers (Q&A) updates for this week include 11 items. May 25, 2018 WebPage Regulatory News
News CSRC Issues Workplan on Use of Regtech to Supervise Securities Markets CSRC issued a work plan for "Auditing and Enforcement of Science and Technology Construction." May 25, 2018 WebPage Regulatory News
News CBIRC Issues Measures to Manage Liquidity Risk for Commercial Banks CBIRC issued measures for the management of liquidity risk of commercial banks, with the effective date of implementation being July 01, 2018. May 25, 2018 WebPage Regulatory News
News European Council Reaches Agreement on CRD 5, CRR 2, BRRD 2, and SRMR 2 European Council agreed on a package of measures aimed to reduce risk in the banking industry. May 25, 2018 WebPage Regulatory News
News FDIC Seeks Comments on Renewal of Certain Information Collections FDIC is soliciting comments on renewal of certain currently approved information collections under the Paperwork Reduction Act of 1995. May 25, 2018 WebPage Regulatory News
News IASB Issues Work Plan and Meeting Updates for May 2018 IASB published an updated work plan, along with the update of its meeting in May 2018. May 25, 2018 WebPage Regulatory News
News ESMA Updates Statistical Data on Performance of Credit Ratings ESMA published its latest set of semi-annual statistical data on the performance of credit ratings, including transition matrices and default rates. May 25, 2018 WebPage Regulatory News
News BCBS Updates Basel III Monitoring FAQ in May 2018 BCBS updated the list of frequently asked questions (FAQ) on Basel III monitoring for the collection of December 2017 data. May 25, 2018 WebPage Regulatory News
News EC Issues Legislative Proposals on Sustainable Finance in EU EC presented a package of measures as a follow-up to its action plan on financing sustainable growth. May 24, 2018 WebPage Regulatory News
News EC Proposes Regulation on Sovereign Bond-Backed Securities in EU EC proposed a regulation on sovereign bond-backed securities (SBBS) in the EU, the comment period for which ends on July 20, 2018. May 24, 2018 WebPage Regulatory News
News EC Proposes to Adopt More Proportionate Rules to Support SME Listing EC proposed new rules to give small and medium enterprises (SMEs) better access to financing through public markets. May 24, 2018 WebPage Regulatory News
News Dietrich Domanski Speaks on FSB Focus Areas for Remainder of the Year The FSB Secretary General Dietrich Domanski updated the Asia Securities Industry and Financial Markets Association (ASIFMA) Board on key issues that FSB will work on for the remainder of the year. May 24, 2018 WebPage Regulatory News
News Bundesbank Updates Guideline on Internal Capital Adequacy Assessment Deutsche Bundesbank published the revised version of the Internal Capital Adequacy Assessment Process (ICAAP) guideline. Bundesbank and BaFin had jointly launched the guideline for the supervisory assessment of bank-internal risk-bearing capacity concepts from 2011. May 24, 2018 WebPage Regulatory News
News OCC Publishes Report on Key Risks for Federal Banking System OCC published a semi-annual report that addresses key risks facing banks in the United States. The spring 2018 report reflects bank data as of March 31, 2018, unless otherwise indicated. May 24, 2018 WebPage Regulatory News
News IMF Board Decides to Formally Recognize CPIFR for Banking Sector The Executive Board of the IMF endorsed the proposal on the use of the core principles for Islamic finance regulations (CPIFR), which were developed by IFSB with the participation of the Secretariat of BCBS. May 24, 2018 WebPage Regulatory News
News ECB Publishes the Results of its Biannual Financial Stability Review ECB published the results of its biannual Financial Stability Review (FSR) in May 2018. May 24, 2018 WebPage Regulatory News
News CFTC Proposes Amendments to the Margin Rule for Uncleared Swaps CFTC proposed a rule amending the CFTC Margin Rule on margin requirements for uncleared swaps for swap dealers (SDs) and major swap participants (MSPs). May 23, 2018 WebPage Regulatory News
News APRA Commences Post-Implementation Review of Prudential Framework APRA commenced the post-implementation review of the superannuation prudential framework by releasing its first of a series of consultation papers on aspects of the prudential framework. May 23, 2018 WebPage Regulatory News
News EBA Updates List of Other Systemically Important Institutions in EU EBA updated the 2017 list of other systemically important institutions (O-SIIs) in EU. The list of O-SIIs is disclosed on an annual basis, along with any common equity tier 1 (CET1) capital buffer requirements, which may need to be set or reset. May 23, 2018 WebPage Regulatory News
News EBA Releases the 2017 Data on Deposit Guarantee Schemes Across EU EBA published the 2017 data on two key concepts in the Deposit Guarantee Schemes Directive (DGSD): available financial means and covered deposits. May 23, 2018 WebPage Regulatory News
News Central Bank of Ireland Updates Notes on AnaCredit Data Returns The Central Bank of Ireland has updated the compilation notes for AnaCredit data returns. The notes on compilation set out the statistical reporting requirements for credit institutions. May 23, 2018 WebPage Regulatory News
News Council Issues Compromise Texts for CRD 5, CRR 2, BRRD 2, and SRMR 2 European Council published the presidency compromise texts for proposals on the Capital Requirements Directive (CRD V), Capital Requirements Regulation (CRR II), Bank Recovery and Resolution Directive (BRRD 2), and Single Resolution Mechanism Regulation (SRMR 2). May 23, 2018 WebPage Regulatory News
News IAIS Publishes Newsletter for May 2018 The May issue of the IAIS newsletter highlights that IAIS will increasingly pivot to a greater emphasis on enhancing supervisory practices. May 23, 2018 WebPage Regulatory News
News PRA Consults on Its Approach to EU Securitization Regulation and SRT PRA published the consultation paper CP12/18 that sets out the proposals on its approach to the EU Securitization Regulation and certain aspects of the revised Capital Requirements Regulation (CRR) banking securitization capital framework. May 22, 2018 WebPage Regulatory News
News Congress Passes Economic Growth, Regulatory Relief, and CP Act The U.S. House of Representatives voted 258-159 to pass the “Economic Growth, Regulatory Relief and Consumer Protection (CP) Act,” which is a significant pro-growth financial regulatory reform package. May 22, 2018 WebPage Regulatory News
News MAS Consults on Improving Business Flexibility for Market Operators MAS issued two consultation papers to improve business flexibility of market operators when establishing new centralized trading facilities and speed to market when launching new products. May 22, 2018 WebPage Regulatory News
News EIOPA Report Studies Modeling of Market and Credit Risks by Insurers EIOPA published the results of the first study on the modeling of market and credit risks in the insurance sector. May 22, 2018 WebPage Regulatory News
News EBA Consults on Guide for Estimating Economic Downturn in IRB Modeling EBA published two consultation papers: one on the draft regulatory technical standards specifying an economic downturn and the other on a set of guidelines for the estimation of loss given default (LGD) appropriate for conditions of an economic downturn. May 22, 2018 WebPage Regulatory News
News EBA Public Hearing on EC Proposal to Develop European Secured Notes EBA will hold a public hearing on June 26, 2018 to outline its draft answer to the EC's Call for Advice on the European secured notes. May 21, 2018 WebPage Regulatory News
News IMF Issues Reports on the 2018 Article IV Consultation with Montenegro IMF published its staff report and selected issues report in the context of the 2018 Article IV consultation with Montenegro. May 21, 2018 WebPage Regulatory News
News CBIRC Issues Data Governance Guideline for Banking Institutions CBIRC issued the final data governance guideline for banking financial institutions, post a consultation with the stakeholders. May 21, 2018 WebPage Regulatory News
News CFTC Issues Advisory on Virtual Currency Derivative Product Listings CFTC issued an advisory on the virtual currency derivative product listings. The advisory provides guidance on certain enhancements when listing a derivative contract based on virtual currency. May 21, 2018 WebPage Regulatory News
News CBB Updates Form Prudential Information Report for Conventional Banks CBB updated the Prudential Information Report (PIR) for conventional banks. The PIR is a report of the bank’s regulatory balance sheet and risk positions relative to regulatory limits. May 21, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: First Update for May 2018 The updates for this week include four items covering questions and answers (Q&A) related to supervisory reporting. May 18, 2018 WebPage Regulatory News
News HKMA Publishes Rules on Equity Exposure Limits for Banks The Banking (Amendment) Ordinance 2018 (Commencement) Notice 2018 and the Banking (Exposure Limits) Rules were gazetted to modernize section 87 of the Banking Ordinance in relation to a prescribed limit on equity exposures incurred by authorized institutions. May 18, 2018 WebPage Regulatory News
News EC Rule on Excluding Trades from Own Funds Requirement for CVA Risk EC published the Commission Delegated Regulation (EU) 2018/728 with respect to regulatory technical standards for procedures for excluding transactions with non-financial counterparties established in a third country from the own funds requirement for credit valuation adjustment (CVA) risk. May 18, 2018 WebPage Regulatory News
News EC Amends Rule on Benchmarking Portfolios and Reporting Templates EC published the Commission Implementing Regulation (EU) 2018/688 that amends the Implementing Regulation (EU) 2016/2070 on benchmarking portfolios, reporting templates, and reporting instructions. May 18, 2018 WebPage Regulatory News
News EIOPA Opinion on Solvency Position of Insurers in Light of Brexit EIOPA issued an opinion on the solvency position of insurers in light of the withdrawal of the UK from the EU (or Brexit). May 18, 2018 WebPage Regulatory News
News ACPR Updates Taxonomic Controls for Taxonomy RAN 1.1.0 for Insurers ACPR published an updated version of taxonomic controls for the Taxonomy RAN Version 1.1.0 for Solvency II reporting. May 18, 2018 WebPage Regulatory News
News FINMA Consults on Pricing of Occupational Pension Funds in Switzerland The Swiss Financial Market Supervisory Authority FINMA is consulting on the proposal to revise and simplify its supervisory practice in relation to the pricing of occupational pension funds. May 18, 2018 WebPage Regulatory News
News BCL Circular on New Statistical Data Collection for Non-Regulated AIFs BCL published the circular BCL 2018/241 for a new statistical data collection for non-regulated alternative investment funds (AIFs). May 18, 2018 WebPage Regulatory News
News MAS Introduces Revised Reporting Standards for Banks Under Notice 610 MAS issued revised reporting standards for banks in Singapore, under its Notices 610 and 1003 on Submission of Statistics and Returns. May 17, 2018 WebPage Regulatory News
News PRA Issues SS4/18 on Financial Management and Planning by Insurers PRA issued the supervisory statement SS4/18 on financial management and planning by insurers. May 17, 2018 WebPage Regulatory News
News HKMA Revises Module on Validating Risk Rating Systems for IRB Approach HKMA issued, as a technical note, the revised version of the Supervisory Policy Manual (SPM) module CA-G-4 on validating risk rating systems under the internal ratings-based (IRB) approach for authorized institutions. May 17, 2018 WebPage Regulatory News
News RBI Issues Final Guidelines on NSFR Standard Under Basel III RBI published the final guidelines on the net stable funding ratio (NSFR), as part of its Basel III Framework on Liquidity Standards. May 17, 2018 WebPage Regulatory News
News EC Vice President Speaks on Banking and Capital Markets Unions The EC Vice President Valdis Dombrovskis discussed the ongoing work in the areas of Banking Union and Capital Markets Union, while speaking at the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels. May 17, 2018 WebPage Regulatory News
News Randal Quarles of FED on Finding Balance in Cross-Border Resolution While speaking at the Harvard Law School in Cambridge, Randal K. Quarles outlined the U.S. approach to the cross-border resolution framework and examined the potential for adjustments for the current regime. May 16, 2018 WebPage Regulatory News
News FINMA Amends Financial Market Infrastructure Ordinance FINMA introduced a clearing obligation for standardized interest-rate and credit derivatives traded over the counter (OTC). May 16, 2018 WebPage Regulatory News
News CSSF Updates Status of Probematic EBA Validation Rules for Reporting CSSF updated the status of problematic EBA validation rules for reporting by the entities under its supervision. CSSF also updated the document on identification of reporting requirements and checks for level 2 completeness. May 16, 2018 WebPage Regulatory News
News EC Issues Standards on Template for Use by MMF Managers for Reporting EC published, in the Official Journal of the European Union, the Commission Implementing Regulation (EU) 2018/708. May 15, 2018 WebPage Regulatory News
News IMF Paper Examines Interconnectedness of Global Financial System IMF published a working paper that studies the interconnectedness of the global financial system and its susceptibility to shocks. May 15, 2018 WebPage Regulatory News
News ESRB Paper Informs Policy Dialog on Bank Exposures to Sovereign Risk The paper provides input into policy discussions by simulating reallocations of euro area banks’ sovereign bond holdings under new regulatory regimes. May 15, 2018 WebPage Regulatory News
News Lael Brainard of FED Examines Lessons From Use of Financial Technology The FED Governor Lael Brainard emphasized that FED will continue to evaluate developments in fintech and digital currencies through a multidisciplinary lens, while speaking at the Decoding Digital Currency Conference in San Francisco. May 15, 2018 WebPage Regulatory News
News European Council Issues Presidency Compromise Text on PEPP Regulation European Council published the Presidency compromise text for the proposal on the Pan-European Personal Pension Product (PEPP) regulation. May 15, 2018 WebPage Regulatory News
News US Agencies Propose Revisions to Capital Rules to Phase in CECL U.S. Agencies issued a joint proposal to address changes to the U.S. generally accepted accounting principles (GAAP) described in the Accounting Standards Update on Financial Instruments—Credit Losses (ASU 2016-13); the proposal covers implementation, by banking organizations, of the CECL methodology. May 14, 2018 WebPage Regulatory News
News BCRA Updates Certain Prudential and Reporting Information for Banks BCRA issued Circulars "A" 6502 and "A" 6509, which contain updates on the authorities of financial entities, minimum capital requirements, liquidity coverage ratio (LCR), net stable funding ratio (NSFR), and certain reporting information (including table of validation errors) for institutions. May 14, 2018 WebPage Regulatory News
News BCBS Issues Framework for STC Short-Term Securitizations BCBS issued the standard for capital treatment of simple, transparent, and comparable (STC) short-term securitizations. May 14, 2018 WebPage Regulatory News
News EIOPA Launches the EU-Wide Insurance Stress Test for 2018 EIOPA launched the fourth stress test exercise for the insurance sector in Europe. May 14, 2018 WebPage Regulatory News
News Yves Mersch of ECB Speaks About Regulating Virtual Currencies Yves Mersch of ECB spoke at the 39th meeting of the Governor’s Club Bodrum in Turkey. May 14, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2018 Article IV Consultation with Bahamas IMF published its staff report and selected issues report in the context of the 2018 Article IV consultation with Bahamas. May 14, 2018 WebPage Regulatory News
News European Council Adopts Directive to Prevent Money Laundering in EU The European Council adopted a directive strengthening EU rules to prevent money laundering and terrorist financing. The directive sets out to close down criminal finance without hindering the normal functioning of payment systems. May 14, 2018 WebPage Regulatory News
News CSRC Amends Consultation on Rules for Issuance of Depository Receipts CSRC amended its first draft consultation on the issuance and trading of China Depository Receipts. May 11, 2018 WebPage Regulatory News
News FSB Issues Update on Meeting of Regional Consultative Group for Asia FSB published an update on the meeting of its Regional Consultative Group (RCG) for Asia. May 11, 2018 WebPage Regulatory News
News Mario Draghi of ECB on Completing Banking and Capital Markets Unions While speaking at the European University Institute in Florence, the ECB President Mario Draghi emphasized the creation of a more stable financial sector by completing the banking union and the capital markets union. May 11, 2018 WebPage Regulatory News
News EC Consults on Recent Amendments to the BCBS Basel III Framework EC launched a consultation to seek input from stakeholders on the impact of recent amendments to the Basel III framework. May 09, 2018 WebPage Regulatory News
News SEC Proposes Regulation Best Interest to Enhance Investor Protection SEC voted to propose a package of rulemakings and interpretations designed to enhance the quality and transparency of investors’ relationships with investment advisers and broker-dealers, while preserving access to a variety of types of advice relationships and investment products. May 09, 2018 WebPage Regulatory News
News HKMA Guidelines on Credit Risk Management of Personal Lending Business HKMA issued guidelines to banks on credit risk management for personal lending business. May 09, 2018 WebPage Regulatory News
News Bundesbank Issues List of Deactivated Validation Rules for Reporting Deutsche Bundesbank updated the list of reporting validation rules, which have additionally been identified as defective from the national point of view, from Annex XV of the EBA implementing technical standards on supervisory reporting. May 08, 2018 WebPage Regulatory News
News CPMI Publishes Strategy for Reducing Risk of Wholesale Payments CPMI published a paper on the strategy for reducing the risk of wholesale payments fraud related to endpoint security. The strategy is composed of seven elements that work holistically to address all areas relevant to preventing, detecting, responding to, and communicating about fraud. May 08, 2018 WebPage Regulatory News
News BDE Updates Technical Instructions for Financial Reporting by Banks BDE published technical instructions on rules for the presentation and telematic transmission of financial statements of credit institutions, according to the specified eXtensible Business Reporting Language (XBRL) standard and other financial documentation. May 08, 2018 WebPage Regulatory News
News Central Bank of Ireland Issues Credit Data Templates Under AnaCredit The Central Bank of Ireland published documents related to the reporting of credit data under the AnaCredit Regulation. May 08, 2018 WebPage Regulatory News
News FSB Consults on Recommendations for Compensation Data Reporting FSB launched a consultation on the recommendations for consistent national reporting of data on the use of compensation tools to address misconduct risk. May 07, 2018 WebPage Regulatory News
News ESRB Updates the Overview of National Macro-Prudential Measures in EU ESRB has updated its overview of national measures of macro-prudential interest in the EU and the European Economic Area. May 07, 2018 WebPage Regulatory News
News EBA Welcomes the EC Call for Advice on Basel III Implementation in EU EBA welcomed the call for advice by EC on the implementation of Basel III framework, which BCBS had finalized in December 2017. May 07, 2018 WebPage Regulatory News
News ESMA Offers Company Portal Listing Service Providers Authorized in EU ESMA has compiled a new companies’ portal for investors seeking information on whether a financial service provider is authorized in the EU. May 07, 2018 WebPage Regulatory News
News APRA to Finalize Design of the New Data Collection Solution This Year APRA had commenced a major data transformation program to keep pace with the advancements in data, analytics, and technology. In December of last year, APRA had announced its decision to replace the data collection tool, Direct to APRA (D2A), with a new Data Collection Solution. May 07, 2018 WebPage Regulatory News
News BoM Updates Template Related to Standardized Approach to Credit Risk BoM updated the return CAR0100 titled "Statement of Capital Adequacy Calculation." May 07, 2018 WebPage Regulatory News
News FSB Issues Updates on Meetings of RCGs for Sub-Saharan Africa and MENA FSB published the meeting updates of its Regional Consultative Groups (RCGs) for Sub-Saharan Africa and the Middle East and North Africa (MENA). May 05, 2018 WebPage Regulatory News
News ESAs Consult on Amendments to Joint EMIR Standards ESAs launched two joint consultations to amend regulatory technical standards on the clearing obligation and risk mitigation techniques for uncleared OTC derivatives. May 04, 2018 WebPage Regulatory News
News EBA Publishes Results of the 2016 CVA Risk Monitoring Exercise EBA published a report on its 2016 credit valuation adjustment (CVA) risk monitoring exercise. May 04, 2018 WebPage Regulatory News
News OSFI Advises on IFRS 17 Transition and Progress Report Requirements OSFI issued and advisory for the federally regulated insurers and insurance holding companies (FRIs) to support their transition to IFRS 17 Insurance Contracts Standard (IFRS 17). May 04, 2018 WebPage Regulatory News
News CBIRC Finalizes Measures for Managing Large Exposures of Banks CBIRC issued rules for the management of large-scale exposures of commercial banks, with July 01, 2018 as the effective date. May 04, 2018 WebPage Regulatory News
News HKMA Announces Publication of BDAR 2018 into the Gazette HKMA announced that the Banking (Disclosure) (Amendment) Rules 2018 (BDAR 2018) and the Banking (Specification of Multilateral Development Bank) (Amendment) Notice 2018 (Amendment Notice 2018) were published in the Gazette. May 04, 2018 WebPage Regulatory News
News Sabine Lautenschläger of ECB on Risk Reduction in the Euro Area Sabine Lautenschläger of ECB examined the role of the European banking union in risk reduction in the euro area. She highlighted the need for a harmonized regulatory framework to "reap the full benefits of the banking union." May 04, 2018 WebPage Regulatory News
News Bundesbank Updates XML Schema for Securities Investments Statistics Deutsche Bundesbank published the XML format description for securities investments statistics. May 04, 2018 WebPage Regulatory News
News CSRC Consults on Rules on the Issuance of China Depository Receipts CSRC issued draft rules on the issuance and trading of China Depository Receipts. The regulatory requirements and the basic rights and obligations of the participating entities provide an institutional basis for the innovative enterprises to return to the domestic capital market through the issuance of depository receipts. May 04, 2018 WebPage Regulatory News
News Randal Quarles of FED Speaks on Impact of LCR on FED Balance Sheet Randal K Quarles of the FED spoke at the Hoover Institution Monetary Policy Conference in Stanford, California. He examined the impact of liquidity coverage ratio (LCR) requirements on the FED balance sheet. May 04, 2018 WebPage Regulatory News
News BCL Updates Phase 2 Testing Timeline for AnaCredit Reporting BCL updated instructions, validation rules, and list of agents for AnaCredit reporting. The second test phase will now run from June 01, 2018 to July 31, 2018 and will only concern credit data. May 04, 2018 WebPage Regulatory News
News BoE Consults on Working Draft of Standalone MREL Reporting Taxonomy BoE published a public working draft of the standalone minimum requirement for own funds and eligible liabilities (MREL) reporting taxonomy, along with the related technical artefacts. May 03, 2018 WebPage Regulatory News
News ECB Publishes the Annual Report on Financial Integration in Europe ECB released its annual report on financial integration in Europe, at a joint conference with EC in Frankfurt. The report contributes to the advancement of the financial integration process in Europe by analyzing the relevant developments and policies. May 03, 2018 WebPage Regulatory News
News EC Issues Report on Financial Stability and Integration in Europe EC published a report on the results of the annual European financial stability and integration review. The report analyzes the recent economic and financial developments in the EU, along with their impact on financial stability and integration. May 03, 2018 WebPage Regulatory News
News SNB Updates Reporting Form for Short-Term Liquidity Coverage Ratio SNB updated the reporting form for Liquidity Coverage Ratio (with Facilitation) for branches of foreign banks. May 03, 2018 WebPage Regulatory News
News CBB Amends Forms PIR and PIRI to Include IFRS9 and FAS30 Requirements CBB amended the Form Prudential Information Report (PIR) for conventional banks and Form Prudential Information Returns for Islamic Banks (PIRI). May 03, 2018 WebPage Regulatory News
News ECB Publishes Framework for Testing Resilience to Cyber Attacks ECB published the European framework for Threat Intelligence-Based Ethical Red Teaming (TIBER-EU). May 02, 2018 WebPage Regulatory News
News ESMA Launches Bond Liquidity System Under MiFID II ESMA published its first liquidity assessment for bonds subject to the pre- and post-trade requirements of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). May 02, 2018 WebPage Regulatory News
News LEIROC Publishes Progress Report on GLEIS and Regulatory Uses of LEI LEIROC published its second progress report on Global Legal Entity Identifier System (GLEIS) and the regulatory uses of Legal Entity Identifier (LEI). May 02, 2018 WebPage Regulatory News
News Ignazio Angeloni of ECB Speaks on Banking Supervision Ignazio Angeloni of ECB spoke about ECB Banking Supervision at the Financial Times–Fitch Global Banking Conference in London. He described the accomplishments of ECB Banking Supervision, pointed out the missing or incomplete elements, and examined the challenges and developments that lie ahead. May 02, 2018 WebPage Regulatory News
News MAS Responds to Consultation on Mandatory Clearing of OTC Derivatives MAS published a response to the feedback received on draft regulations for mandatory clearing of derivatives contracts. MAS will require over-the-counter (OTC) derivatives to be cleared on central counterparties (CCPs) with effect from October 01, 2018. May 02, 2018 WebPage Regulatory News
News FED Publishes OMB Supporting Statement on FFIEC 031, 041, 051 and 016 FED published OMB supporting statement for Call Reports FFIEC 031, FFIEC 041, and FFIEC 051, in addition to the supporting statement for FFIEC 016. May 02, 2018 WebPage Regulatory News
News APRA Chair Speaks on Realizing Benefits of BEAR Beyond the Necessities The APRA Chairman Wayne Byres spoke at the UNSW Center for Law Markets and Regulation Seminar in Sydney. He discussed the five main elements to the Banking Executive Accountability Regime (BEAR): registration, obligations, accountabilities, remuneration, and sanctions. May 02, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2018 Article IV Consultation with Israel IMF published its staff report and selected issues report after concluding the 2018 Article IV consultation with Israel. May 01, 2018 WebPage Regulatory News
News FED Proposes to Revise and Extend Form FR Y-9C for Three Years FED proposed to extend for three years, with revision, the mandatory FR Y-9 family of reports on financial statements for holding companies. April 30, 2018 WebPage Regulatory News
News IASB Issued Work Plan and Meeting Updates for April 2018 IASB published an updated work plan, along with the update of its meeting in April 2018. April 30, 2018 WebPage Regulatory News
News PRA Publishes Updates on Groups Policy and Double Leverage PRA published the policy statement PS9/18, which provides feedback on responses to the consultation paper CP19/17 on groups policy and double leverage. April 30, 2018 WebPage Regulatory News
News PRA Issues Final Policy on Updates to Pillar 2 Reporting Requirements PRA published the final policy statement PS8/18 on Pillar 2 reporting requirements. April 30, 2018 WebPage Regulatory News
News PRA Publishes Model Risk Management Principles for Stress Testing PRA published the policy statement PS7/18, which provides feedback to responses to the consultation paper CP26/17 on model risk management principles for stress testing. April 30, 2018 WebPage Regulatory News
News FHFA Order on Stress Testing Result Reporting by Regulated Entities FHFA issued Orders, dated March 01, 2018, with respect to stress test reporting as of December 31, 2017, under section 165(i)(2) of the Dodd-Frank Act. Summary instructions and guidance had accompanied the Orders to provide testing scenarios. April 30, 2018 WebPage Regulatory News
News OJK Proposes Guidelines to Measure Interest Rate Risk in Banking Book OJK issued a consultation on the guidelines for measurement and calculation of interest rate risk in the banking book (IRRBB) for commercial banks. OJK also provided tables containing the reporting requirements. Comments are due by May 14, 2018. April 30, 2018 WebPage Regulatory News
News ECB Article on Systemic Importance of SSM Significant Institutions ECB published an article that uses large exposure data to gauge the systemic importance of single supervisory mechanism (SSM) significant institutions. April 30, 2018 WebPage Regulatory News
News IMF Publishes Report on the 2018 Article IV Consultation with Turkey IMF published its staff report in the context of the 2018 Article IV consultation with Turkey. April 30, 2018 WebPage Regulatory News
News IMF Paper on Results of Annual Macro-Prudential Survey IMF published a paper that summarizes the results of its annual survey on the macro-prudential policy in member countries. April 30, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: Fourth Update for April 2018 This week, the Question and Answer (Q&A) updates on Single Rulebook include seven items related to liquidity risk and own funds under the Capital Requirements Regulation (CRR). April 27, 2018 WebPage Regulatory News
News BaFin on FINREP 2.7 Forms for National GAAP Reporting for Solvency II BaFin, the Federal Financial Supervisory Authority of Germany, published FINREP 2.7 forms for national GAAP reporting under the Solvency II reporting and disclosure requirements. BaFin also updated regulation on the reporting of insurance companies to the Federal Financial Supervisory Authority. April 27, 2018 WebPage Regulatory News
News EBA Proposes Guidelines on Disclosure of Non-Performing Exposures EBA proposed guidelines on disclosure of information on non-performing exposures (NPEs) and forborne exposures. April 27, 2018 WebPage Regulatory News
News EC and European Stability Mechanism Lay Down Principles of Cooperation EC and the European Stability Mechanism (ESM) are expected to sign a Memorandum of Understanding on the working relationship between the two institutions. April 27, 2018 WebPage Regulatory News
News ECB and BoE Convene Technical Working Group on Risks Related to Brexit ECB and BoE will convene a technical working group on risk management around March 30, 2019 in the area of financial services. April 27, 2018 WebPage Regulatory News
News ECB Publishes Article on Targeted Review of Macro-Prudential Framework ECB published an article that explains the key messages of ECB on the EC proposals that important for macro-prudential regulation and policy. April 27, 2018 WebPage Regulatory News
News ESRB Updates the Overview of National Capital-Based Measures in EU ESRB has updated its overview of national capital-based measures in the EU and the European Economic Area. April 27, 2018 WebPage Regulatory News
News CBIRC to Speed Opening Up of Banking and Insurance Sectors CBIRC intends to speed up the implementation of banking and insurance industry's opening to the outside world. April 27, 2018 WebPage Regulatory News
News FSB Issues Second Consultation on UPI Governance Arrangements FSB published a second consultation on the proposed governance arrangements for the unique product identifier (UPI). April 26, 2018 WebPage Regulatory News
News BoE Publishes Version 3.0.0 of the XBRL Taxonomy for Banks BoE published v1.0.1 of the financial statements XBRL utility that contains a fix for the commonly reported bug in v1.0.0, where the incorrect firm reference number (FRN) was being entered into the XBRL code. April 26, 2018 WebPage Regulatory News
News CFTC Publishes Paper Analyzing Implementation of Swaps Reform CFTC published whitepaper on swaps regulation, which the CFTC Chairman J. Christopher Giancarlo co-authored with CFTC Chief Economist Bruce Tuckman. Mr. Giancarlo unveiled the white paper at the annual meeting of International Swaps and Derivatives Association (ISDA). April 26, 2018 WebPage Regulatory News
News Elke König of SRB on Completing the Banking Union The SRB Chair Elke König published an article on the completion of Banking Union. In the article, she emphasized that we should take a step back and identify further elements, which impede the completion of a full-fledged Banking Union. April 26, 2018 WebPage Regulatory News
News Elke König of SRB Publishes Article on the Way Forward with MREL SRB published an article by Elke König in which she discussed the way forward with minimum requirement for own funds and eligible liabilities (MREL). April 26, 2018 WebPage Regulatory News
News Dietrich Domanski of FSB Offers Updates on Planned Work for 2018 The FSB Secretary General Dietrich Domanski updated the audience on the planned work of FSB for 2018, while speaking at the Eurofi Seminar in Sofia. April 26, 2018 WebPage Regulatory News
News Andrew Bailey of FCA Offers Regulatory Take on Asset Management Sector Andrew Bailey of FCA offered a regulatory perspective on the asset management sector, while speaking at the London Business School Annual Asset Management Conference. April 26, 2018 WebPage Regulatory News
News FED Proposes Simplification to Capital Rules for Large Banks FED seeks comment on proposal to simplify its capital rules for large banks, while preserving strong capital levels that would maintain the ability to lend under stressful conditions. April 25, 2018 WebPage Regulatory News
News ESRB Reviews Macro-Prudential Policy in the EU in 2017 ESRB published a report on the review of the macro-prudential measures adopted in EU in 2017. April 25, 2018 WebPage Regulatory News
News EC Outlines Approach to Set Guidelines for Artificial Intelligence EC outlined an approach to artificial intelligence (AI) and robotics. April 25, 2018 WebPage Regulatory News
News EC Amends Implementing Regulations on Credit Risk Assessments of ECAIs EC published, in the Official Journal of European Union, the amended level 2 measures regarding credit risk assessments of external credit assessment institutions (ECAIs) under the Capital Requirements Regulation (CRR or EU Regulation No 575/2013) and the Solvency II Directive. April 25, 2018 WebPage Regulatory News
News William Coen of BCBS Discusses Progress on Market Risk Framework During the keynote speech at the ISDA Annual General Meeting, William Coen, the Secretary General of BCBS, discussed the market risk framework, which is the one element of the post-crisis reform agenda has yet to be fully finalized. April 25, 2018 WebPage Regulatory News
News OCC Consults on Information Collection on Credit Risk Retention OCC is soliciting comment concerning the renewal of its information collection titled “Credit Risk Retention.” OCC is also giving notice that it has sent the collection to OMB for review. Comments are to be submitted by May 25, 2018. April 25, 2018 WebPage Regulatory News
News FSB Article on Achieving G20 Goal of Resilient Market-Based Finance FSB published an article by the Secretary General Dietrich Domanski on achieving the G20 goal of resilient market-based finance. April 25, 2018 WebPage Regulatory News
News NCUA Amends Regulations on Capital Planning and Stress Testing The NCUA Board issued the final rule to amend its regulations on capital planning and stress testing for federally insured credit unions with USD 10 billion or more in assets (also known as the covered credit unions). April 25, 2018 WebPage Regulatory News
News IAIS Publishes Newsletter for April 2018 This issue highlights that IAIS held a public discussion session to provide background information on the resolution of comments received during the public consultation on ComFrame, answer stakeholder questions on the outcome of the consultation, and present the next steps in the development of ComFrame. April 25, 2018 WebPage Regulatory News
News DNB Publishes Banking and Insurance Newsletters for April 2018 DNB issued the banking and insurance newsletters for April 2018. The newsletters include updated calendars for banks and insurers. April 25, 2018 WebPage Regulatory News
News MAS Proposes Guidelines on Individual Accountability and Conduct MAS proposed guidelines to strengthen individual accountability of senior managers and raise standards of conduct in financial institutions. April 25, 2018 WebPage Regulatory News
News IMF Issues Reports on Financial Surveillance of West African EMU IMF issued its staff report and selected issues report resulting from discussions with the regional institutions of the West African Economic and Monetary Union (WAEMU). April 25, 2018 WebPage Regulatory News
News BDF Issues Framework for Financial Entities for AnaCredit Reporting BDF published the framework of financial institutions and public administrators for AnaCredit reporting. April 24, 2018 WebPage Regulatory News
News Bank of Italy Publishes Notification on AnaCredit Updates Bank of Italy published a notification that it has updated certain documentation on the website for AnaCredit reporting. April 24, 2018 WebPage Regulatory News
News EC Vice President Speaks on Completing CMU and Managing Brexit While addressing the audience at City Week in London, the EC Vice President Valdis Dombrovskis offered a snapshot of the work of EC toward breaking down barriers and further integrating the EU single market for capital. April 24, 2018 WebPage Regulatory News
News IOSCO Consults on Good Practices for Supporting Audit Quality IOSCO published a consultation report on good practices for audit committees in supporting audit quality. The report is intended to assist audit committees of issuers of listed securities in promoting and supporting audit quality. April 24, 2018 WebPage Regulatory News
News US Treasury Report Highlights Regulatory Reform Accomplishments The U.S. Treasury Department released a report detailing its accomplishments in support of the President’s regulatory reform agenda. April 24, 2018 WebPage Regulatory News
News CBB Proposes New Rulebook Modules for Conventional and Islamic Banks CBB is proposing new risk management related modules to the Rulebook Volumes 1 and 2, along with additional requirements to an existing High-Level Controls Module (Module HC). April 24, 2018 WebPage Regulatory News
News APRA Publishes Final Standards on Counterparty Credit Risk for Banks APRA published the final prudential and reporting standards related to counterparty credit risk for authorized deposit-taking institutions. April 23, 2018 WebPage Regulatory News
News BCBS Issues Fourteenth Progress Report on Adoption of Basel III BCBS published the fourteenth progress report on adoption of the Basel III regulatory framework. April 23, 2018 WebPage Regulatory News
News EIOPA Publishes Its Supervisory Convergence Plan for 2018–2019 EIOPA published its supervisory convergence plan for 2018-2019 for the insurance sector. The focus is on the implementation of Solvency II and conduct of business supervision. April 23, 2018 WebPage Regulatory News
News Elke König of SRB Speaks on Making Every Bank Resolvable in EU The SRB Chair Elke König spoke about the experience, at the SRB, in working on banking resolution, while addressing the audience at the Institute for Law and Finance on the Westend Campus of Goethe University in Frankfurt. April 23, 2018 WebPage Regulatory News
News ESRB Paper Examining Survey Responses of Banks and Insurers to Stress ESRB published an occasional paper that shows results from the ESRB surveys of the responses of banks and insurance companies to stress tests. The paper describes the surveys and their insights regarding potential adverse feedback loops. April 23, 2018 WebPage Regulatory News
News US Treasury Extends Compliance Dates for QFC Recordkeeping Requirement The U.S. Department of the Treasury is adopting a final rule that extends the compliance dates of the regulation implementing the qualified financial contract (QFC) recordkeeping requirements related to Orderly Liquidation Authority under the Dodd-Frank Act. April 23, 2018 WebPage Regulatory News
News Benoît Cœuré of ECB Speaks on a Cooperative Approach to CCP Resolution Benoît Cœuré of ECB spoke at the ILF Conference on “Resolution in Europe: the unresolved questions” in Frankfurt. April 23, 2018 WebPage Regulatory News
News APRA Publishes List of D2A Validation Rules for Banks and Insurers APRA published a list of the latest Direct to APRA (D2A) validation rules for authorized deposit-taking institutions and insurers. April 23, 2018 WebPage Regulatory News
News BCBS Updates FAQ and Workbook on Basel III Monitoring BCBS updated the list of frequently asked questions (FAQ) and the workbook (version 3.7.5) on Basel III monitoring for the collection of December 2017 data. April 20, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: Third Update for April 2018 This week one answer was published as part of the Single Rulebook Questions and Answers (Q&A). April 20, 2018 WebPage Regulatory News
News FSB Publishes Toolkit to Mitigate Misconduct Risk FSB published a report that presents a toolkit for firms and supervisors to strengthen the governance frameworks to mitigate misconduct risk. April 20, 2018 WebPage Regulatory News
News EBA Proposes Guidelines for Interpreting STS Securitization Criteria

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