BoM became a member of the Groupe des Superviseurs Bancaires Francophones (GSBF), which aims to reinforce interaction and consultation process between French-speaking supervisors and the Basel Committee. GBSF also focuses on international reforms and on enabling members to elaborate strategies for optimal implementation. GSBF brings together banking supervisors from both the Basel Committee member and non-member jurisdictions; comprises 34 member jurisdictions across Europe, the Middle East, and Africa; and is managed by the General Secretariat of ACPR under the aegis of the BDF, which is the central bank of France. Through this membership, BoM expects to benefit from the experience of other jurisdictions in the areas of operational resilience of banks and financial institutions, sustainable finance and climate transition, and cyber risks.
Related Link: Press Release
Keywords: Europe, Middle East and Africa, France, Mauritius, Banking, GSBF, International Cooperation, Climate Change Risk, ESG, Sustainable Finance, Operational Resilience, ACPR, BDF, BOM
Dr. Denton provides industry leadership in the quantification of sustainability issues, climate risk, trade credit and emerging lending risks. His deep foundations in market and credit risk provide critical perspectives on how climate/sustainability risks can be measured, communicated and used to drive commercial opportunities, policy, strategy, and compliance. He supports corporate clients and financial institutions in leveraging Moody’s tools and capabilities to improve decision-making and compliance capabilities, with particular focus on the energy, agriculture and physical commodities industries.
Previous ArticleBCBS Takes Forward Evaluation of Basel III Regulatory Reforms
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.
The European Council published a draft Commission Delegated Regulation to amend the regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
The European Securities and Markets Authority (ESMA) published a paper that examines the systemic risk posed by increasing use of cloud services, along with the potential policy options to mitigate this risk.
The Monetary Authority of Singapore (MAS) published amendments to Notice 635, which sets out requirements that a bank in Singapore has to comply with when granting an unsecured non-card credit facility to individuals.
The European Commission (EC) published a public consultation on the review of revised payment services directive (PSD2) and open finance.
The European Commission (EC) has issued two letters mandating the European Supervisory Authorities (ESAs) to jointly propose amendments to the regulatory technical standards under Sustainable Finance Disclosure Regulation or SFDR.
The European Banking Authority (EBA) published its annual report on convergence of supervisory practices for 2021. Additionally, following a request from the European Commission (EC),