BCBS published a report summarizing the follow-up actions taken or planned by member jurisdictions as of the end of 2018; these actions are intended to address deviations from the Basel standards identified as part of the Regulatory Consistency Assessment Program (RCAP). The follow-up actions pertain to the assessments of risk-based capital and liquidity coverage ratio (LCR) regulations that were completed and published as of the end of 2017.
Also published were the follow-up assessments on each jurisdiction, alongside the original RCAP reports. These follow-up assessments are based on self-reporting and were prepared by the authorities in each jurisdiction that was assessed. The actions taken or planned have not been reviewed or evaluated by the Basel Committee. The follow-up reports for the assessments completed and published as of the end of 2018 will be published in 2020. This will cover, for the first time, assessments of BCBS members' regulations to implement global standards for the net stable funding ratio (NSFR) and the framework for measuring and controlling large exposures.
Keywords: International, Banking, RCAP, Basel III, Self-Assessment, LCR, NSFR, BCBS
Previous ArticleOCC Prohibits Banks from Disclosing Non-Public OCC Information
BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.
BoE updated the known issues document for the statistical reporting Forms AS and FV.
BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.
FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.
SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.
OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.
EBA updated the report on the implementation of selected COVID-19 policies.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.