BCB issued Circular No. 3.938 on 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 IRRBB. Circular No. 3.938 amends Circular No. 3.876, which is dated January 31, 2018, and Circular No. 3.930, which is dated February 14, 2019. A consultation on the changes related to IRRBB took place from September 2018 to November 2018.
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Keywords: Americas, Brazil, Banking, Interest Rate Risk, IRRBB, Disclosures, Circular 3.938, Circular 3.876, Circular 3.930, BCB
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PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).
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EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.
EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.
PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.
MAS published a statement guidance on dividend distribution by banks.
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FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.
EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.
SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.