EBA Publishes Work Program for 2018

By Regulatory News

October 05, 2017

EBA published its detailed annual work program for 2018. The work program describes planned activities and tasks of EBA for the coming year. The detailed activities are based on the strategic work areas proposed in the multiannual work program of EBA from 2018 to 2021.

Each strategic area is complemented by annual work program activities that detail the tasks to be delivered within the year and the resources needed for that purpose. The key focus areas for EBA, in 2018, are as follows:

Developing the CRR/CRD and BRRD and reviewing the consequences of the revision of the trading book by BCBS
Implementing the data infrastructure and data analysis project to enhance EBA's role as a data hub for banks in the EU through the expansion of its data infrastructure and analytical capabilities
Monitoring and evaluating the impact of the UK leaving the EU to protect the public interest
Evaluating and contributing to the fintech regulatory perimeter
Fostering proportionality in relation to policy developments
Contributing to the European Council's action plan to tackle NPLs in Europe

Related Link: Work Program for 2018 (PDF)

Keywords: Europe, EU, Banking, Work Program, NPLs, Fintech, Proportionality, EBA

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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 EBA launched a public consultation on the draft guidelines that will provide a harmonized interpretation of the criteria for a securitization to be eligible as simple, transparent, and standardized (STS). April 20, 2018 WebPage Regulatory News
News PRA Consults on Internal Model Output Reporting Under Solvency II PRA published the consultation paper CP10/18, which proposes updates to the internal model output reporting by updating the supervisory statements SS25/15 and SS26/15. April 20, 2018 WebPage Regulatory News
News William Dudley of New York Fed Examines Incentives for Bank Resilience William C Dudley, the President and CEO of the New York Fed, spoke at the U.S. Chamber of Commerce in Washington DC. He discussed financial regulation and the ways in which proper incentives help ensure resilience in the financial system. April 20, 2018 WebPage Regulatory News
News European Parliament Adopts EC Proposal on the Fifth AML Directive European Parliament adopted the EC proposal on the fifth Anti-Money Laundering (AML) Directive. April 19, 2018 WebPage Regulatory News
News FED Governor Speaks on Remaining Regulatory Work for Financial Sector The FED Governor Lael Brainard spoke, at the Global Finance Forum in Washington, D.C., about safeguarding financial resilience through the current economic cycle. April 19, 2018 WebPage Regulatory News
News Andreas Dombret of Bundesbank on Impact of Brexit on Global Finance Dr. Andreas Dombret of Deutsche Bundesbank spoke at the 2018 Europe-U.S. Symposium of the Harvard Law School Program on International Financial Systems in New York. April 19, 2018 WebPage Regulatory News
News Ed Sibley of Central Bank of Ireland on Impact of Brexit Ed Sibley, Deputy Governor (Prudential Regulation) of the Central Bank of Ireland, addressed the DCU Brexit Institute in Dublin on April 12, 2018. April 18, 2018 WebPage Regulatory News
News EIOPA Publishes Report on Oversight Activities in 2017 EIOPA published a report on its oversight activities in 2017. The report, which is addressed to the European Parliament, describes the activities of EIOPA during the year, explains its approach to oversight, and outlines the priorities for 2018. April 18, 2018 WebPage Regulatory News
News EIOPA Q&A on Regulations: First Update for April 2018 EIOPA published new sets of questions and answers (Q&A) on guidelines, implementing regulations, and delegating regulations that are applicable to insurers in Europe. April 18, 2018 WebPage Regulatory News
News MAS Issues Guide to Conduct and Market Practices for Wholesale Markets MAS published a guide to conduct and market practices for wholesale financial markets, along with the FAQs on this guide. April 18, 2018 WebPage Regulatory News
News ESMA Updates Bond Transparency Calculations for MiFID II and MiFIR ESMA updated the MiFID II and MiFIR transitional transparency calculations (TTC) for bonds. April 18, 2018 WebPage Regulatory News
News OSFI Issues Final TLAC Guideline and Revises CAR Guideline for Banks OSFI released its final Total Loss Absorbing Capacity (TLAC) guideline for the domestic systemically important banks (D-SIBs) in Canada. April 18, 2018 WebPage Regulatory News
News Superintendent of OSFI Speaks on Covered Bonds Framework in Canada The OSFI Superintendent Jeremy Rudin addressed the European Covered Bond Council about the role of OSFI in supporting the integrity of the covered bonds framework in Canada. April 18, 2018 WebPage Regulatory News
News Dubai FSA Issues Second Consultation on Changes to AML Regime Dubai FSA launched the second phase of its consultation process that proposes changes (via CP120) to the Anti Money Laundering, Counter-terrorist Financing, and Sanctions (AML) Module of its Rulebook. April 18, 2018 WebPage Regulatory News
News EBA Proposes Guidelines for Exposures to be Associated with High Risk EBA launched a consultation on the guidelines about the types of exposures that are to be associated with high risk under the Capital Requirements Regulation (CRR). April 17, 2018 WebPage Regulatory News
News EBA Issues Reporting Framework Version 2.8 EBA published amendments to the implementing technical standards on supervisory reporting and new implementing technical standards on reporting for resolution plans, along with the corresponding Data Point Model (DPM) and eXtensible Business Reporting Language (XBRL) taxonomy. April 17, 2018 WebPage Regulatory News
News SRB Statement on Cooperation with EBA on 2019 Resolution Reporting SRB announced that it has cooperated closely with EBA regarding the reporting on resolution as of 2019, in particular for the Liability Data Report (LDR). April 17, 2018 WebPage Regulatory News
News Randal Quarles of FED on Simplifying and Enhancing Financial Rules Randal K. Quarles, Vice Chairman for Supervision of the FED, testified before the Committee on Financial Services, U.S. House of Representatives in Washington, D.C. April 17, 2018 WebPage Regulatory News
News FSI Update on Second High-Level Meet of Insurers in Dominican Republic The Dominican Republic's regulatory authority for insurance hosted the Second High-level Meeting in Santo Domingo. April 16, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: Second Update for April 2018 This week one answer was published as part of the Single Rulebook Questions and Answers (Q&A). The answer addressed a question on the credit claims in liquidity stress test buffer. April 13, 2018 WebPage Regulatory News
News ESMA Introduces Its Approach for Analyzing Operational Risk ESMA published an article on its approach toward the assessment of operational risk in its first Trends, Risks, Vulnerabilities (TRV) Report in 2018. April 13, 2018 WebPage Regulatory News
News Bank of Italy Publishes Version 1.1 of Handbook on AnaCredit Reporting Bank of Italy published Version 1.1 of the handbook on AnaCredit reporting. It also published a list of intermediaries reporting monthly, a list of banks reporting quarterly, and a list of banks exempted from reporting. April 13, 2018 WebPage Regulatory News
News ACPR Updates Taxonomic Controls Related to Taxonomy RAN 1.1.0 ACPR published a new version of the file "Taxonomic controls" related to the Taxonomy RAN Version 1.1.0 for Solvency II reporting. April 12, 2018 WebPage Regulatory News
News ECB Publishes Version 1.1 of AnaCredit Validation Checks ECB published Version 1.1 of the AnaCredit validation checks. This document supplements the AnaCredit reporting manual by explaining the main set of validation checks that will be performed to ensure that the quality of data is satisfactory. April 12, 2018 WebPage Regulatory News
News ESAs Issue Report on Risks and Vulnerabilities in EU Financial System ESAs published a joint committee report on risks and vulnerabilities in the EU financial system. April 12, 2018 WebPage Regulatory News
News FED Updates the Reporting Instructions for FR Y-15 and FR Y-14A/Q Among the FED information collections that have been under review, FED updated the reporting instructions for form FR Y-15, which is the banking organization systemic risk report. April 12, 2018 WebPage Regulatory News
News CBE Publishes Q&A on the Pre-Implementation of IFRS 9 CBE published a set of questions and answers (Q&A) on the pre-implementation of IFRS 9. April 12, 2018 WebPage Regulatory News
News PRA Issues Letter on Capital Extractions by Insurance Firms in Run-Off PRA published a letter to CEOs of insurance firms in run-off, reminding them that they should closely consider the supervisory statement SS4/14 on capital extractions by run-off firms within the general insurance sector when preparing a request for capital extraction for submission to PRA. April 12, 2018 WebPage Regulatory News
News BaFin Publishes Its Priorities on Insurance Supervision for 2018 BaFin published its priorities on insurance supervision for 2018. The insurance supervisory authority sets its priorities annually for the effective and efficient use of resources, in particular in the interests of risk-oriented supervision. April 12, 2018 WebPage Regulatory News
News ECB Publishes A Paper Examining the European Deposit Insurance Scheme ECB published an occasional paper that investigates the potential impact and appropriateness of several features of the European Deposit Insurance Scheme (EDIS) in the steady state. April 11, 2018 WebPage Regulatory News
News ESMA Publishes Responses to its Consultations on Securitization ESMA published the responses received to its three consultations on securitization. These consultations are on disclosure and operational standards; simple, transparent, and standardized (STS) notification; and third-party firms providing STS verification services. April 11, 2018 WebPage Regulatory News
News FED and OCC Propose to Further Tailor eSLR Requirements for G-SIBs FED and OCC proposed a rule that would further tailor leverage ratio requirements to the business activities and risk profiles of the largest domestic firms. April 11, 2018 WebPage Regulatory News
News EC Issues Draft Report on Proposal Amending CRR and MiFIR EC issued a draft report on the proposal for a regulation on the prudential requirements of investment firms and amending Capital Requirements Regulation or CRR (No 575/2013), Markets in Financial Instruments Regulation or MiFIR (No 600/2014), and Regulation No 1093/2010. April 11, 2018 WebPage Regulatory News
News Pentti Hakkarainen of ECB on Importance of Implementing EDIS in EU Pentti Hakkarainen of ECB spoke, at the European Bank Executive Committee Forum organized by BNP Paribas in Brussels, about how the euro area and the Banking Union are helping to facilitate financial integration. April 11, 2018 WebPage Regulatory News
News PRA Consults on Audit of Public Disclosure Requirement for Solvency II PRA published the consultation paper CP8/18 related to the external audit of the public disclosure requirement under Solvency II. April 11, 2018 WebPage Regulatory News
News PRA Consults on Modeling of Volatility Adjustment for Solvency II PRA published the consultation paper CP9/18, titled “Solvency II: Internal models – modeling of the volatility adjustment.” CP9/18 sets out the PRA proposal to consider applications from internal model firms that include a dynamic volatility adjustment (DVA). April 11, 2018 WebPage Regulatory News
News CPMI-IOSCO Publish Framework for Supervisory Stress Testing of CCPs CPMI and IOSCO published the framework for supervisory stress testing of central counterparties (CCPs). April 10, 2018 WebPage Regulatory News
News Danièle Nouy of ECB on Improving Risk Appetite Frameworks of Banks Danièle Nouy of ECB spoke at the International Conference on Banks’ Risk Appetite Frameworks in Ljubljana. She defined the risk appetite framework and explained how to judge the quality of risk appetite frameworks. April 10, 2018 WebPage Regulatory News
News EBA Report on Benchmarking of Remuneration Practices in EU Banks EBA published its report on benchmarking of remuneration practices in EU banks for 2015 and 2016 (financial years) and high earners data for 2016. April 10, 2018 WebPage Regulatory News
News EBA Updates List of Correlated Currencies EBA updated the list of closely correlated currencies that was originally published in December 2013 and updated in October 2016. April 10, 2018 WebPage Regulatory News
News ECB Consults on Cyber Resilience Oversight Expectations for FMIs ECB launched a public consultation on the draft expectations for cyber resilience oversight for financial market infrastructures. April 10, 2018 WebPage Regulatory News
News EC Held Digital Day 2018 to Build a Strong Digital Single Market EC held Digital Day 2018 and brought together ministers, representatives of EU countries, industry, academia, and civil society representatives to encourage cooperation in artificial intelligence, blockchain, eHealth, and innovation. April 10, 2018 WebPage Regulatory News
News ESMA Invites EC to Clarify Ancillary Activity Test Under MiFID II ESMA wrote a letter inviting EC to provide further guidance on how the ancillary activity criteria set out in Article 2(4) of the Markets in Financial Instruments Directive, and further specified in RTS 20, are to be interpreted and implemented—and more specifically at which level the ancillary tests should be performed. April 10, 2018 WebPage Regulatory News
News FFIEC on Cyber Insurance and its Potential Role in Risk Management FFIEC members (FED, CFPB, FDIC, NCUA, OCC, and State Liaison Committee) issued a joint statement to describe the matters that financial institutions should consider when determining whether to use cyber insurance as a component of their risk management programs. April 10, 2018 WebPage Regulatory News
News FSI Paper on Identification and Measurement of Non-Performing Assets FSI of BIS published a paper on the identification and measurement of non-performing assets (NPAs). April 10, 2018 WebPage Regulatory News
News IMF Publishes Global Financial Stability Report in April 2018 The Global Financial Stability Report (GFSR) provides an assessment of the global financial system and markets and addresses the emerging market financing in a global context. April 10, 2018 WebPage Regulatory News
News EC Adopts STS Securitization and ABCP Regulation Amending MMFR EC adopted a Commission Delegated Regulation on simple, transparent, and standardized (STS) securitizations and asset-backed commercial papers (ABCPs), requirements for assets received as part of reverse repurchase agreements, and credit quality assessment methodologies. April 10, 2018 WebPage Regulatory News
News China Banking Insurance Regulatory Commission Replaces CBRC and CIRC The China Banking Insurance Regulatory Commission (CBIRC) has been formally listed and its website was launched on April 08, 2018. April 09, 2018 WebPage Regulatory News
News CPMI-IOSCO Guidance on Harmonization of OTC Derivatives Data Elements CPMI and IOSCO issued technical guidance to authorities on harmonized definitions, formats, and usage of a set of critical data elements for over-the-counter (OTC) derivative transactions reported to trade repositories, excluding the Unique Transaction Identifier (UTI) and the Unique Product Identifier (UPI). April 09, 2018 WebPage Regulatory News
News ECB Publishes Its Annual Report for 2017 ECB published its annual report for 2017. The report covers the economic and financial developments, in addition to supervisory activities of ECB in 2017. April 09, 2018 WebPage Regulatory News
News EC Issues Council Decision on Conclusion of EU-US Bilateral Agreement EC published Council Decision (EU) 2018/539 on conclusion of the bilateral agreement between EU and the United States on prudential measures regarding insurance and reinsurance. April 09, 2018 WebPage Regulatory News
News ESMA Agrees on Position Limits Under MiFID II ESMA published three opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II and MIFIR). April 09, 2018 WebPage Regulatory News
News ESMA Publishes Calculations for the March Double Volume Cap Within five working days of the end of the month, ESMA must publish the trading volumes and calculations regarding the double volume cap (DVC) under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). April 09, 2018 WebPage Regulatory News
News ESRB Updates Its Overview of National Macro-Prudential Measures in EU ESRB updated its overview of the national measures of macro-prudential interest in the EU and the European Economic Area. The overview covers capital buffers, reciprocation measures, and various other measures. April 09, 2018 WebPage Regulatory News
News FCA Publishes Its Business Plan for 2018-19 FCA published its business plan for 2018-19, setting out the key priorities for the coming year. Along with the business plan, FCA published a consultation paper on annual fees, its sector views, and a discussion paper on its evaluation framework. April 09, 2018 WebPage Regulatory News
News MAS Consults on Capital Treatment of TLAC Holdings Under Notice 637 MAS issued a consultation paper on proposed regulatory capital treatment of banks’ holdings of TLAC liabilities under MAS Notice 637. April 09, 2018 WebPage Regulatory News
News PRA Publishes Business Plan for 2018–19 PRA published its business plan for 2018–19. The business plan sets out the strategic goals, the workplan to deliver the strategic goals, and the PRA budget for the coming year. April 09, 2018 WebPage Regulatory News
News BCL Updates Instructions and Other Documents for AnaCredit Reporting BCL updated instructions, list of reporting agents, validation rules, and SDMX schemas, including technical specifications, cube structure, facets, and subdomains, for AnaCredit reporting. April 09, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: First Update for April 2018 This week, the Question and Answer (Q&A) updates on Single Rulebook include 13 items related to supervisory reporting and recovery and resolution. April 06, 2018 WebPage Regulatory News
News FCA on Authorization for Firms Offering Cryptocurrency Derivatives FCA issued a statement on the authorization requirement for firms offering cryptocurrency derivatives. April 06, 2018 WebPage Regulatory News
News RBI Amends Its Comprehensive Guidelines on Derivatives RBI issued modifications to its comprehensive guidelines on derivatives, with respect to the stand-alone plain vanilla forex options. April 06, 2018 WebPage Regulatory News
News EBA Issues Updated Risk Dashboard for Fourth Quarter of 2017 EBA published the updated version of its Risk Dashboard, summarizing the main risks and vulnerabilities in the EU banking sector for the fourth quarter of 2017. April 05, 2018 WebPage Regulatory News
News FCA Issues PS18/8 and CP18/9 on Remedies for Asset Management Market FCA published the policy statement PS18/8 that sets out remedies for the concerns identified through its asset management market study. April 05, 2018 WebPage Regulatory News
News FED Updates the Reporting Form and Instructions for FR Y-9C Among the FED information collections that have been under review, FED updated the reporting form and instructions for FR Y-9C, which is the report on consolidated financial statements for holding companies. April 05, 2018 WebPage Regulatory News
News IOSCO Issues Report on Improving Information on Corporate Bond Markets IOSCO published the report offering recommendations to improve regulatory reporting and public transparency in the secondary corporate bond markets. April 05, 2018 WebPage Regulatory News
News APRA Finds Room for Improvement in Executive Remuneration Practices APRA released the results of a review of remuneration practices at large financial institutions. The findings reveal considerable room for improvement in the design and implementation of executive remuneration structures. April 04, 2018 WebPage Regulatory News
News ECB Issues Opinion on Draft of a Securitization Framework in Cyprus ECB issued an opinion on the draft law on securitization framework in Cyprus. April 04, 2018 WebPage Regulatory News
News BDE Issues Instructions on Rules for Reporting of Financial Statements 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. April 04, 2018 WebPage Regulatory News
News ESMA Publishes Annual Report of Enforcement Activities for 2017 ESMA publishes its 2017 annual report that provides an overview of the enforcement and regulatory activities of ESMA and the accounting enforcers in the EU, when examining compliance of financial information provided by issuers, under IFRS, in 2017. April 03, 2018 WebPage Regulatory News
News ESMA Publishes Technical Advice Under the Prospectus Regulation ESMA is publishing the first Part of its technical advice under the Prospectus Regulation. April 03, 2018 WebPage Regulatory News
News IMF Issues Reports on the 2018 Article IV Consultation with Luxembourg IMF published staff report and selected issues report in the context of the 2018 Article IV consultation with Luxembourg. April 03, 2018 WebPage Regulatory News
News Lael Brainard of FED Offers Update on the Financial Stability Agenda The FED Governor Lael Brainard provided an update on the financial stability agenda of FED in New York. April 03, 2018 WebPage Regulatory News
News Dubai FSA Updates Rulebook and Sourcebook for Financial Institutions Dubai FSA updated several modules of its Rulebook and Sourcebook for financial institutions. April 03, 2018 WebPage Regulatory News
News CFPB Issues Semi-Annual Report Recommending Changes to Dodd-Frank Act CFPB released its semi-annual report highlighting the work of CFPB from April 01, 2017 to September 30, 2017, the period before the President appointed Mick Mulvaney as Acting Director. April 02, 2018 WebPage Regulatory News
News FDIC Proposes Revisions to the Stress Testing Regulation FDIC is proposing several revisions to the stress testing regulation, which are consistent with the changes made by FED and OCC to their respective stress testing regulations. April 02, 2018 WebPage Regulatory News
News IMF Issues Report on Financial Sector Stability Review of Costa Rica IMF published the technical assistance report on the financial sector stability review (FSSR) of Costa Rica. April 02, 2018 WebPage Regulatory News
News OCC Proposes to Renew Information Collection on Stress Testing OCC is soliciting comments on the renewal of its information collection titled, “Guidance on Stress Testing for Banking Organizations with more than USD 10 Billion in Total Consolidated Assets.” April 02, 2018 WebPage Regulatory News
News US Agencies Exempt Certain CRE Deals from Appraisal Requirements US Agencies (FDIC, FED, and OCC) issued a final rule that increases the threshold for commercial real estate (CRE) transactions requiring an appraisal from USD 250,000 to USD 500,000. April 02, 2018 WebPage Regulatory News
News IMF Issues Technical Note on Insurance Sector Regulation in India IMF issued a technical note that provides an assessment of the recent development of regulation and supervision of the insurance sector in India. April 02, 2018 WebPage Regulatory News
News US Agencies Finalize Revisions to Call Reports FFIEC 051, 041, and 031 US Agencies (OCC, FED, and FDIC) finalized additional burden-reducing revisions to FFIEC 051, FFIEC 041, and FFIEC 031—the three Consolidated Reports of Condition and Income (Call Reports). March 30, 2018 WebPage Regulatory News
News BCBS Publishes Report on Frameworks for Early Supervisory Intervention BCBS published a report presenting the findings of a range-of-practice study on how supervisors worldwide have adopted frameworks, processes, and tools to support early supervisory intervention. March 29, 2018 WebPage Regulatory News
News OSFI Publishes Guideline on LICAT Public Disclosure Requirements OSFI issued the final version of the guideline on Life Insurance Capital Adequacy Test (LICAT) public disclosure requirements. March 29, 2018 WebPage Regulatory News
News PRA Publishes PS6/18 Containing Updated Statements SS13/13 and SS36/15 PRA published a policy statement PS6/18 that provides feedback to the responses to chapters 2 to 6, 9, and 10 of the PRA and FCA consultation paper CP18/17. March 29, 2018 WebPage Regulatory News
News ESRB Publishes Paper on Indicators for Monitoring of CCPs in EU ESRB, as part of its occasional paper series, published a paper examining the indicators for monitoring central counterparties (CCPs) in EU. March 29, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2018 Article IV Consultation with Iran IMF published staff report and selected issues reports in the context of the 2018 Article IV consultation with the Islamic Republic of Iran. March 29, 2018 WebPage Regulatory News
News ACPR Updates Taxonomic Controls Concerning Taxonomy RAN 1.1.0 ACPR published a new version of the file "Taxonomic controls" related to the Taxonomy RAN Version 1.1.0 for Solvency II reporting. March 29, 2018 WebPage Regulatory News
News Bundesbank Updates Credit Statistics Policy for AnaCredit Reporting Deutsche Bundesbank published Version 2.0 of the Credit Statistics Policy for AnaCredit reporting. March 29, 2018 WebPage Regulatory News
News Bundesbank Updates List of Disabled Validation Rules for Reporting Deutsche Bundesbank updated the list of reporting validation rules that have additionally been identified as defective from the national point of view. EBA also provides a current list of incorrect validation rules on its website. March 29, 2018 WebPage Regulatory News
News FINMA Revises Charts of Accounts for Collection of Supervisory Data FINMA revised the chart of accounts on which the collection of supervisory data from insurance companies is based. March 29, 2018 WebPage Regulatory News
News Central Bank of Ireland Consults on Amendments to UCITS Regulations The Central Bank of Ireland is consulting (CP 119) on the amendments of its regulations on Undertakings for Collective Investment in Transferable Securities (UCITS). Comment period ends on June 29, 2018. March 29, 2018 WebPage Regulatory News
News Bank of Finland Updates Validation Checks for AnaCredit Reporting Bank of Finland updated documents related to AnaCredit reporting, including updated schema files (version 1.5) and validation checks for credit data collection (version 1.3). March 28, 2018 WebPage Regulatory News
News BoE Issues Update on Regulatory Approach to Preparations for Brexit BoE issued an update on the regulatory approach to preparations for the withdrawal of the UK from the EU (Brexit). March 28, 2018 WebPage Regulatory News
News DNB Publishes Banking and Insurance Newsletters for March 2018 DNB issued the banking and insurance newsletters for March 2018. March 28, 2018 WebPage Regulatory News
News ECB Consults on the First Part of Guide to Internal Models for Banks ECB is consulting on the first chapter of the guide to internal models for the banks it directly supervises. March 28, 2018 WebPage Regulatory News
News EIOPA Consults on Changes to Standards on Reporting and Disclosure EIOPA published a consultation on corrections and amendments to the implementing technical standards on reporting and disclosure. EIOPA invites the interested stakeholders to provide inputs by May 11, 2018. March 28, 2018 WebPage Regulatory News
News ESMA Issues Guidelines on Internalized Settlement Reporting Under CSDR ESMA published its final guidelines on how to report internalized settlement under the Central Securities Depositories Regulation (CSDR). March 28, 2018 WebPage Regulatory News
News ESMA Publishes Official Translations for Three Sets of CSDR Guidelines ESMA published the official EU language versions of the three sets of guidelines under the Central Securities Depository Regulation (CSDR): guidelines on relevant currencies; guidelines on substantial importance of a Central Securities Depository (CSD); and guidelines on cooperation between authorities. March 28, 2018 WebPage Regulatory News
News ESMA Updates Q&As on Prospectus Regulation and MiFID II/MiFIR ESMA updated the question and answer (Q&A) document on issues related to the Prospectus Regulation. ESMA also updated Q&A on transparency and market structure issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). March 28, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2017 Article IV Consultation with Myanmar IMF published staff report and selected issues report in the context of the 2017 Article IV consultation with Myanmar. March 28, 2018 WebPage Regulatory News
News PRA Issues Approach to Branch Authorization and Supervision for Banks PRA published a Policy Statement PS3/18 that provides feedback to the responses to CP29/17 on the approach to branch authorization and supervision for international banks. March 28, 2018 WebPage Regulatory News
News OFR Issues Paper on the Financial System Vulnerabilities Monitor OFR published a paper describing the purpose, construction, interpretation, and use of its Financial System Vulnerabilities Monitor. March 28, 2018 WebPage Regulatory News
News PRA Approach to Branch Authorization and Supervision for Insurers PRA published a Policy Statement PS4/18 that provides feedback to the responses to CP30/17 on the approach to branch authorization and supervision for international insurers. March 28, 2018 WebPage Regulatory News
News IFSB Proposes Standards on Islamic Banking, Securities, and Insurance IFSB issued three Exposure Drafts covering standards in Islamic banking, Islamic capital markets, and Islamic insurance (takāful) sectors. March 28, 2018 WebPage Regulatory News
News BoE Undertakes Proof of Concept to Understand Renewed RTGS Service BoE is undertaking a Proof of Concept to understand how a renewed Real Time Gross Settlement (RTGS) service could be capable of supporting settlement in systems operating on innovative payment technologies, such as those built on Distributed Ledger Technology (DLT). March 27, 2018 WebPage Regulatory News
News ECB Publishes Results of Study on Use of DLT in Securities Settlement ECB published a report on the second phase of Project Stella, which is a joint research project of ECB and BOJ. March 27, 2018 WebPage Regulatory News
News EC Vice President Speaks About Solvency II and Capital Markets Union The EC Vice President Valdis Dombrovskis spoke at the public hearing on the Solvency II delegated act. March 27, 2018 WebPage Regulatory News
News EIOPA Chairman Speaks on Review of Solvency II Regulation in 2018 The EIOPA Chairman Gabriel Bernardino spoke at the Public Hearing on the 2018 Review of the Solvency II Delegated Regulation in Brussels. March 27, 2018 WebPage Regulatory News
News ESMA Consults on Supplementary Guidance Under the Endorsement Regime ESMA proposed supplementary guidance on the application of the endorsement regime. March 27, 2018 WebPage Regulatory News
News ESMA Issues Guidelines on Position Calculation by Trade Repositories ESMA published the final guidelines setting out a consistent approach for calculation of derivative positions by trade repositories, under the European Market Infrastructure Regulation (EMIR). March 27, 2018 WebPage Regulatory News
News ESMA Updates Q&A on MiFID II Commodity Derivatives Topics ESMA updated the questions and answers (Q&As) on the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) regarding commodity derivatives topics. March 27, 2018 WebPage Regulatory News
News HKMA and SFC Consult on Enhancing OTC Derivatives Regulatory Regime HKMA and SFC issued a joint consultation paper on further enhancements to the over-the-counter (OTC) derivatives regulatory regime in Hong Kong. March 27, 2018 WebPage Regulatory News
News BCBS Issues Basel III Monitoring Updates for March 2018 BCBS released the Basel III monitoring workbook (version 3.7.4), along with an updated list of frequently asked questions for the collection of December 2017 data. March 26, 2018 WebPage Regulatory News
News HKMA Implementation Guidance on Securitization Framework for Banks HKMA published a set of questions and answers (Q&A) on the revised securitization framework under the Banking (Capital) Rules (BCR). March 26, 2018 WebPage Regulatory News
News BCL Issues Instructions and Validation Rules for AnaCredit Reporting BCL updated reporting instructions, list of reporting agents, and validation rules for reporting under the AnaCredit Regulation. March 26, 2018 WebPage Regulatory News
News Danièle Nouy of ECB Presents Annual Report on Supervisory Activities Danièle Nouy, Chair of the ECB Supervisory Board, presented the ECB annual report on supervisory activities for 2017. March 26, 2018 WebPage Regulatory News
News EC Amends IFRS 9 on Prepayment Features with Negative Compensation EC published Regulation (EU) 2018/498, which amends Regulation (EC) No 1126/2008, adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 as regards International Financial Reporting Standard (IFRS) 9. March 26, 2018 WebPage Regulatory News
News ECB Updates CCBM Procedures for Eurosystem Counterparties ECB updated the correspondent central banking model (CCBM) procedures for Eurosystem counterparties, along with a table summarizing legal instruments used in the euro area. March 26, 2018 WebPage Regulatory News
News BCRA Updates on Minimum Capital Requirements and Information Regime BCRA published updated rules on the minimum capital requirements for financial entities, along with certain aspects of the information transparency regime. March 26, 2018 WebPage Regulatory News
News BCBS Publishes an Outline of Discussion at its Meeting in Basel BCBS published a summary of the discussions at its meeting during March 15-16, 2018 in Basel. March 23, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: Third Update for March 2018 One question related to market risk benchmarking was published as part of the Single Rulebook Question and Answer (Q&A) this week. March 23, 2018 WebPage Regulatory News
News ECB Guides to Assess License Applications for Banks and Fintech Firms ECB published the guides to assessments of license applications for banks and fintech credit institutions. The publication of these two guides follows the completion of a public consultation. March 23, 2018 WebPage Regulatory News
News EC Vice President Speaks on the Future of Fintech in Baltics and EU The EC Vice President Valdis Dombrovskis spoke about the future of fintech in Europe during a conference in Latvia. March 23, 2018 WebPage Regulatory News
News ESMA Proposes Application Requirements for Securitization Repositories ESMA published two consultation papers on draft technical standards implementing the Securitization Regulation. March 23, 2018 WebPage Regulatory News
News ESMA Updates Q&As on the Implementation of MiFID, CSDR, and MAR ESMA updated question and answer (Q&A) documents on the implementation of investor protection topics under Market in Financial Instruments Directive and Regulation (MiFID II/MiFIR), implementation of Central Securities Depository Regulation (CSDR), and implementation of Market Abuse Regulation (MAR). March 23, 2018 WebPage Regulatory News
News IAIS Publishes Newsletter for March 2018 This issue highlights that IAIS is in the process of a comprehensive revision of its Insurance Core Principles (ICPs) and the development of ComFrame. March 23, 2018 WebPage Regulatory News
News IASB Issued Work Plan and Meeting Updates for March 2018 IASB published an updated work plan, along with the update of its meeting in March 2018. March 23, 2018 WebPage Regulatory News
News BCBS Consults on Amendment to Pillar 3 Disclosures for ECL Provisions BCBS proposed a technical amendment on Pillar 3 disclosure requirements for regulatory treatment of accounting provisions. March 22, 2018 WebPage Regulatory News
News BCBS Consults on Revisions to Capital Requirements for Market Risk BCBS launched a consultation on revisions to the minimum capital requirements for market risk. March 22, 2018 WebPage Regulatory News
News BCBS Updates FAQs on the Basel III Standard on SA-CCR BCBS published answers to the second set of frequently asked questions (FAQ) on the Basel III standard for standardized approach for measuring counterparty credit risk exposures (SA-CCR). March 22, 2018 WebPage Regulatory News
News Danièle Nouy of ECB Speaks on Good Governance for Good Decisions Danièle Nouy of ECB spoke at the Second Banking Supervision Conference in Frankfurt, highlighting the progress made by banks in the area of sound governance. March 22, 2018 WebPage Regulatory News
News EBA Updates Public Entity List for Calculation of Capital Requirements EBA published an updated list of regional governments and local authorities that may be treated as central governments for the calculation of capital requirements, in accordance with the EU Capital Requirements Regulation (CRR). March 22, 2018 WebPage Regulatory News
News EC Conference on Strategy to Support Sustainable Development in EU EC hosted a high-level conference on its strategy to reform the financial system in support of the climate and sustainable development agenda of EU. March 22, 2018 WebPage Regulatory News
News ESMA Updates Q&A on Implementation of the Benchmarks Regulation ESMA updated its questions and answers (Q&A) document on the implementation of the Benchmarks Regulation. March 22, 2018 WebPage Regulatory News
News GAO Report Assesses Regulatory Oversight of Fintech Activities in US The U.S. GAO published a report that assesses the regulatory oversight in the fintech landscape in the United States and offers recommendations for improvement. March 22, 2018 WebPage Regulatory News
News HKMA Updates Guide on Enhanced Competency Framework for AML/CFT 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. March 22, 2018 WebPage Regulatory News
News BNM Finalizes Paper on Value-Based Intermediation in Islamic Banking BNM published the finalized strategy paper and feedback statement on value-based intermediation (VBI). March 22, 2018 WebPage Regulatory News
News EBA Guidelines on Assessment of Suitability of Members of Management EBA published guidelines on the assessment of the suitability of members of the management body and key function holders. March 21, 2018 WebPage Regulatory News
News EC Consults on Fitness Check of the EU Framework for Public Reporting EC launched a consultation on the fitness check on the EU framework for public reporting by companies. March 21, 2018 WebPage Regulatory News
News EIOPA Issues Paper on Solvency II Tools with Macro-Prudential Impact EIOPA published a paper on Solvency II tools with macro-prudential impact. March 21, 2018 WebPage Regulatory News
News ESMA Chair Steven Maijoor Speaks About Brexit and Review of ESAs The ESMA Chair Steven Maijoor delivered the opening remarks at the BVI 2018 Annual Reception in Brussels. March 21, 2018 WebPage Regulatory News
News ESMA Issues Opinion on Trading Obligation for Derivatives Under MiFIR ESMA issued an opinion providing further guidance on the treatment of packages under the trading obligation for derivatives, which the Markets in Financial Instruments Regulation (MiFIR) introduced on January 03, 2018. March 21, 2018 WebPage Regulatory News
News ESMA Issues Translations for Guidelines on Stress Test Scenarios ESMA published the official translations of its guidelines on stress test scenarios under Article 28 of the Money Market Funds (MMF) Regulation. March 21, 2018 WebPage Regulatory News
News FED Publishes Federal Register Notice on Reporting Form FR Y-9 FED published the Federal Register notice extending for three years, with revision, the mandatory FR Y-9 family of reports on financial statements for holding companies. March 21, 2018 WebPage Regulatory News
News MFSA Updates Reporting Templates on Own Funds Requirements Under COREP MFSA updated templates on own funds and own funds requirements, including leverage and immovable property losses, for reporting on individual and consolidated basis. March 21, 2018 WebPage Regulatory News
News OSFI Consults on Draft Guideline for TLAC Disclosure Requirements OSFI is consulting on the draft Total Loss-Absorbing Capacity (TLAC) Disclosure Requirements guideline, along with the consequential amendments to the Capital Disclosure Requirements guideline. March 21, 2018 WebPage Regulatory News
News BDF Updates Document on AnaCredit Controls for Reporting BDF published the updated documents on “AnaCredit BDF Controls” and “List of attributes allowing the NA value.” March 21, 2018 WebPage Regulatory News
News Dr. Dombret of Bundesbank on Post-Brexit Realities in Financial Sector Andreas Dombret of Deutsche Bundesbank spoke at the AIMA Global Policy and Regulatory Forum in Dublin. He looked at the estimated extent of fragmentation in regulation of financial services after Brexit and how to address this issue. March 20, 2018 WebPage Regulatory News
News Elke König of SRB Speaks on Proportionality and MREL Implementation The SRB Chair Elke König, at the European Parliament Hearing, shared her views on the application of proportionality principle and the amendments to Capital Requirements Regulation, Capital Requirements Directive, Bank Recovery and Resolution Directive, and Single Resolution Mechanism Regulation. March 20, 2018 WebPage Regulatory News
News G20 Publishes Communiqué on the First Meeting of 2018 in Buenos Aires G20 published an official statement on the year's first meeting of finance ministers and central bank governors in Buenos Aires. March 20, 2018 WebPage Regulatory News
News IMF Releases Working Paper Offering Policy Proposals on CCP Resolution IMF published a working paper that proposes alternative policy suggestions for central counterparty (CCP) resolution. March 20, 2018 WebPage Regulatory News
News Bank of Italy Begins Test Phase for AnaCredit Reporting Bank of Italy updated the schema files for AnaCredit reporting and published details on a voluntary test phase with reporting intermediaries, with the test environment being available from March 26, 2018. March 20, 2018 WebPage Regulatory News
News APRA Updates the List of D2A Validation and Derivation Rules APRA published list of the latest Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, superannuation, general insurance, life insurance, private health insurance, registered financial corporations, and unauthorized foreign insurers. March 20, 2018 WebPage Regulatory News
News APRA Allows ING Bank to Use Internal Models for Regulatory Capital APRA granted approval to ING Bank (Australia) Limited to begin using the internal models. The ING Bank will use internal models to determine its regulatory capital requirements for credit and market risk, commencing from the quarter ended June 30, 2018. March 19, 2018 WebPage Regulatory News
News APRA Revises Prudential Standard on Public Disclosures APRA revised and published the final standard APS 330, which is the Prudential Standard on Public Disclosures. APS 330 will be effective from July 01, 2018. APRA also published its response to the submissions received to the proposal for revised APS 330. March 19, 2018 WebPage Regulatory News
News EBA Report Assesses the Current Credit Risk Mitigation Framework in EU EBA published a report reviewing the Credit Risk Mitigation (CRM) framework in EU. March 19, 2018 WebPage Regulatory News
News APRA Revises Its Reporting Standard on Capital Adequacy APRA published a letter to authorized deposit-taking institutions regarding changes to reporting requirements in the Reporting Standard ARS 110.0 Capital Adequacy (ARS 110.0). March 19, 2018 WebPage Regulatory News
News SBIF Amends Chapter 1-13 of Updated Collection of Standards in Chile SBIF published circular on amendments to Title II of Chapter 1-13 of the updated collection of standards. March 19, 2018 WebPage Regulatory News
News FSB Letter Sets Out Priorities for the Argentine G20 Presidency FSB published a letter that its Chair Mark Carney sent to the G20 Finance Ministers and Central Bank Governors, ahead of their meeting in Buenos Aires on March 19-20. March 18, 2018 WebPage Regulatory News
News BoE Publishes Key Elements of 2018 Stress Test of Banking System in UK BoE published the scenario against which it will be stress-testing banks in 2018, in addition to setting out the key elements of the 2018 stress test, guidance on the 2018 stress test, the variable paths for the 2018 stress test, and the traded risk scenario for the 2018 stress test. March 16, 2018 WebPage Regulatory News
News EBA Report Assesses Progress in Work of Supervisory Colleges in 2017 EBA published its report examining the functioning of supervisory colleges in 2017. March 16, 2018 WebPage Regulatory News
News FSB Publishes Reports on Correspondent Banking and Remittances FSB published two reports as part of its work to assess and address the decline in correspondent banking relationships: one is a progress report on the FSB action plan to assess and address the decline in correspondent banking and the second report is a stocktake on remittance service providers’ access to banking services. March 16, 2018

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