BCB is consulting on proposed changes to the rule on the identification, measurement, and control of interest rate risk in the banking book (IRRBB) and on the public disclosure and remittance (to BCB) of information related to the IRRBB. Notice 69/2018 proposes to amend Circular No. 3.876, dated January 01, 2018. Comments are due by November 05, 2018 and the changes are expected to be effective from July 01, 2019.
Comment Due Date: November 05, 2018
Effective Date: July 01, 2019
Keywords: Americas, Banking, Brazil, Interest Rate Risk, IRRBB, Disclosures, Circular 3.876, BCB
Previous ArticleBCBS Met in September to Discuss Policy and Supervisory Issues
MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin, which focused on building a blockchain-based multi-currency payments network prototype.
EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).