May 07, 2018

BoM updated the return CAR0100 titled "Statement of Capital Adequacy Calculation." With respect to the latest amendments to the guidelines on recognition and use of External Credit Assessment Institutions (ECAIs) and on the standardized approach to credit risk, relevant adjustments to the CAR0100 return are still at the development stage in XBRL.

In the interim and until further notice, banks are requested to take the following actions:

  • Banks are requested to continue to submit CAR0100 return through XBRL as per the existing XBRL template, which is based on the previous versions of the guidelines.
  • In the event that bank is impacted by the revised guidelines, it should, in addition to the XBRL version, concurrently submit an Excel version of the return, along with a reconciliation statement. The Excel version of the return should be submitted through Mauritius Automated Clearing and Settlement System (MACSS). BoM is allowing banks to submit the Excel-based return for the quarter ended March 31, 2018, if applicable, by May 21, 2018.

The standardized approach to credit risk requires banks to use credit assessments provided by ECAIs that are recognized by national supervisors as eligible for regulatory capital purposes, to determine the risk-weights on their credit exposures. The guideline on standardized approach to credit risk provides a framework for banks to apply a uniform approach to the measurement of risks related to their on- and off-balance sheet credit exposures for capital adequacy purposes.

 

Related Links

Keywords: Middle East and Africa, Mauritius, Banking, Credit Risk, Standardized Approach, CAR0100, ECAIs, Reporting, BoM

Related Articles
News

FSB to Evaluate Effects of Too-Big-To-Fail Reforms for Systemic Banks

FSB is seeking feedback as part of its evaluation of the effects of the too-big-to-fail reforms for banks.

May 23, 2019 WebPage Regulatory News
News

APRA Releases Minor Changes to Reporting Standards on SA-CCR for Banks

APRA released minor changes to the three reporting standards for the standardized approach for measuring counterparty credit risk exposures (SA-CCR).

May 22, 2019 WebPage Regulatory News
News

APRA on Industry Self-Assessments into Governance and Accountability

APRA released an information paper analyzing the self-assessments performed by 36 of the country’s largest banks, insurers, and superannuation licensees in response to the final report on the Prudential Inquiry into the Commonwealth Bank of Australia (CBA).

May 22, 2019 WebPage Regulatory News
News

PRA Consults on Maintenance of TMTP Under Solvency II

PRA published a consultation paper (CP11/19) that sets out its approach to update supervisory statement (SS6/16) on maintenance of the transitional measure on technical provisions (TMTP) under Solvency II.

May 22, 2019 WebPage Regulatory News
News

APRA Proposes to Amend Guidance on Residential Mortgage Lending

APRA is consulting on revisions to the prudential practice guide APG 223 on residential mortgage lending in Australia.

May 21, 2019 WebPage Regulatory News
News

IASB Proposes Improvements to IFRS 9 and IFRS 16

IASB published the exposure draft ED 2019/2 that proposes amendments to four IFRS standards, including IFRS 9 on Financial Instruments and IFRS 16 on Leases.

May 21, 2019 WebPage Regulatory News
News

Denis Beau of BDF on Supervisory Priorities for Climate-Change Risks

Denis Beau, the First Deputy Governor of BDF, delivered opening remarks at the BCBS-BSCEE-FSI High-level Meeting for Europe on banking supervision.

May 21, 2019 WebPage Regulatory News
News

ISDA CDM to be Deployed for UK Digital Regulatory Reporting Pilot

ISDA announced deployment of the ISDA Common Domain Model (ISDA CDM 2.0) to support the UK FCA, BoE, and participating financial institutions in testing phase two of the Digital Regulatory Reporting pilot for derivatives.

May 21, 2019 WebPage Regulatory News
News

MAS to Consolidate Regulation of Merchant Banks Under Banking Act

MAS published a consultation paper that proposes to consolidate the regulation of merchant banks under the Banking Act and to move merchant banks to a licensing regime under the MAS Act.

May 21, 2019 WebPage Regulatory News
News

ESAs Amend Technical Standards on Mapping of ECAIs Under CRR

ESAs published a second amendment to the implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital Requirements Regulation (CRR).

May 20, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3118