BoM revised the guideline on the management of liquidity risk and the guideline on dividend payments by institutions in Mauritius. As part of the revisions to the liquidity risk management guideline, BoM also published updated templates for Liquidity Coverage Ratio, Maturity Mismatch Profile of Assets and Liabilities, and Liquidity Coverage Ratio Disclosures. The effective date for both these guidelines is September 24, 2020.
The liquidity risk guideline is in line with the BCBS principles and standards on the management of liquidity risk. BoM expects all institutions to have appropriate risk control measures to identify, manage, and monitor liquidity risk exposures under various stress situations to protect their operations from disruption and adverse financial consequences. This guideline is applicable to all banks licensed by BoM.
The guideline on dividend payments sets out the minimum criteria and requirements for all bank and non-bank deposit-taking institutions for the declaration and payment of dividend or other transfers from profits. It offers a forward-looking approach to the preservation of capital of banks and non-bank deposit-taking institutions. It ensures these financial institutions maintain adequate capital buffers, especially in the current stressed economic environment, to absorb any losses and preserve their financial soundness.
- Guideline on Liquidity Risk (PDF)
- Associated Templates
- Media Release on Dividend Payments Guideline
- Guideline on Dividend Payments
Effective Date: September 24, 2020
Keywords: Middle East and Africa, Mauritius, Banking, Liquidity Risk, LCR, Reporting, Disclosures, Basel, Dividend Distribution, Basel, BoM
Previous ArticleACPR to Replace SURFI Taxonomy With RUBA Taxonomy from January 2022
FED proposed three-year extension, without revision, of the information collection FR 4202, titled "Recordkeeping Provisions Associated with Stress Testing Guidance."
FCA updated the draft guidance for firms to ensure that mortgage customers whose homes may be repossessed are treated fairly and appropriately, particularly where there are risks of harm to customers who are vulnerable as a result of the COVID-19 pandemic.
FCA issued a statement on the cessation or loss of representativeness of the 35 LIBOR benchmark settings published by ICE Benchmark Administration or IBA.
EBA published a package that includes the final draft implementing technical standards on supervisory reporting and disclosures of investment firms.
BIS published a paper that provides an overview on the use of big data and machine learning in the central bank community.
APRA finalized the reporting standard ARS 115.0 on capital adequacy with respect to the standardized measurement approach to operational risk for authorized deposit-taking institutions in Australia.
ECB published a guide that outlines the principles and methods for calculating the penalties for regulatory breaches of prudential requirements by banks.
MAS and The Association of Banks in Singapore (ABS) jointly issued a paper that sets out good practices for the management of operational and other risks stemming from new work arrangements adopted by financial institutions amid the COVID-19 pandemic.
ACPR announced that a new data collection application, called DLPP (Datalake for Prudential), for collecting banking and insurance prudential data will go into production on April 12, 2021.
BCB announced that the Financial Stability Committee decided to maintain the countercyclical capital buffer (CCyB) for Brazil at 0%, at least until the end of 2021.