BoM Issued Revised Guideline on Credit Concentration Risk
The Bank of Mauritius (BoM) revised its guideline on credit concentration risk. This guideline applies to all banks and non-bank deposit taking institutions licensed under the Banking Act 2004. The revised guideline will come into effect from October 02, 2017.
Concentration risk may arise from excessive exposure to individuals or groups of counterparties and asset types. Safeguarding against credit concentration to different types of counterparties, industries, geographic regions, and asset classes must form the basis of concentration risk management. BoM through this guideline enunciates the regulatory credit concentration limits and the basic framework of credit concentration risk management to be put in place by financial institutions.
Related Link: Guideline (PDF)
Effective Date: October 02, 2017
Keywords: Middle East and Africa, Mauritius, Banking, Credit Risk, Credit Concentration Risk, BoM
Previous Article
EBA Amends Technical Standards on Supervisory DisclosureRelated Insights
|
News
US Agencies Propose Rule on Appraisals for Real Estate TransactionsUS Agencies (FDIC, FED, and OCC) proposed a rule to increase the threshold level at or below which appraisals would not be required for the residential real estate transactions from USD 250,000 to USD 400,000. Comments will be accepted for 60 days from publication in the Federal Register.
December 07, 2018
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: First Update for December 2018This week one answer was published as part of the Single Rulebook Questions and Answers (Q&A).
December 07, 2018
WebPage
Regulatory News
|
|
News
FED Updates Reporting Form and Instructions for FR Y-14QFED published the updated reporting form FR Y-14Q for Capital Assessment and Stress Testing, along with the associated instructions.
December 06, 2018
WebPage
Regulatory News
|
|
News
PRA Finalizes Policy on Minor Amendments to Regulatory ReportingPRA published the policy statement PS30/18, which contains the final policy following a consultation (CP16/18) on certain amendments to regulatory reporting.
December 05, 2018
WebPage
Regulatory News
|
|
News
GM of BIS Examines Regulatory Implications of Big Tech in FinanceAgustín Carstens, the General Manager (GM) of BIS, during the keynote address at the FT Banking Summit in London, spoke about new challenges and policy implications of big tech in finance.
December 05, 2018
WebPage
Regulatory News
|
|
News
European Council Endorses Package on CRD 5, CRR 2, BRRD 2, and SRMR 2European Council endorsed the agreement achieved between the presidency and the Parliament on the key measures of a comprehensive legislative package aimed at reducing risks in the banking sector in EU.
December 04, 2018
WebPage
Regulatory News
|
|
News
BCBS Report Examines Cyber Resilience Practices Across JurisdictionsBCBS published a report that identifies, describes, and compares the range of observed bank, regulatory, and supervisory cyber-resilience practices across jurisdictions.
December 04, 2018
WebPage
Regulatory News
|
|
News
ACPR Publishes Version 2.8.1 of the CRD IV TaxonomyACPR notified that version 2.8.1 of the Capital Requirements Directive (CRD) IV Data Point Model taxonomy and version 2.1.0 of the Anti-Money Laundering and Terrorist Financing (LCB-FT) taxonomy have been made available.
December 04, 2018
WebPage
Regulatory News
|
|
News
EIOPA Publishes Q&A on Regulations and GuidelinesEIOPA published new sets of questions and answers (Q&A) on guidelines, implementing regulations, and delegated regulations applicable to insurers in Europe.
December 03, 2018
WebPage
Regulatory News
|
|
News
ESMA Registers A.M. Best (EU) Rating Services as Credit Rating AgencyESMA, the direct supervisor of credit rating agencies (CRAs) in EU, has registered A.M. Best (EU) Rating Services B.V. as a CRA under the CRA Regulation, with effect from December 03, 2018.
December 03, 2018
WebPage
Regulatory News
|
