BoM revised its guideline on the management of liquidity risk by banks in Mauritius. One of the key revisions requires banks to report the liquidity coverage ratio (LCR) on a bimonthly basis, as at the fifteenth and the end of every month. The changes in the guideline shall come into effect on July 01, 2019.
The key revisions to the guideline include the following:
- Section 6 of Appendix 1 of the guideline has been revised to require banks to report their LCR on a bimonthly basis, as at the fifteenth and the end of every month, not later than 10 working days after the fifteenth and the end of every month respectively.
- Section 19 of Appendix 1 of the guideline has been revised to reflect the change in reporting requirements.
- Annex 2 of the guideline has been revised to require banks to present LCR data as simple averages of bimonthly observations over a quarter.
- The template for reporting of LCR has been replaced, as was communicated to banks on January 07, 2019.
The reporting of LCR was first introduced in October 2017 and was initially reported to the BoM on a monthly basis. However, the guideline also stipulates that a bank should have the operational capacity to increase the frequency to weekly or even daily in stressed situations. The revised reporting requirements of LCR leverages the fact that banks now have the requisite system for reporting in place and aims at having a closer monitoring of the liquidity position of banks. The guideline draws on the analysis and recommendations of BCBS contained in reports “Principles for Sound Liquidity Risk Management and Supervision, September 2008” and “Basel III: Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools, January 2013.”
Effective Date: July 01, 2019
Keywords: Middle East and Africa, Mauritius, Banking, LCR, Reporting, Liquidity Risk, Basel III, BoM
Previous ArticleECB Updates List of Supervised Entities in EU in September 2019
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.
The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).
The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.
The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.
The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)
The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.
The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.
The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)
The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.