FSB Publishes Responses to Its Consultation Related to SME Financing
FSB published responses received to the consultation on a report on the evaluation of the effects of financial regulatory reforms on small and medium-sized enterprise (SME) financing. The consultation was launched in June 07, 2019, with the comment period ending on August 07, 2019. FSB published responses received from Alternative Investment Management Association (AIMA), European Banking Federation (EBF), Fedart Fidi, French Banking Federation (FBF), Genossenschaftsverband - Verband der Regionen, Institute of International Finance (IIF), Italian Banking Association (ABI), Leaseurope, SMEunited, and the U.S. Chamber of Commerce.
The evaluation is a part of the broader examination of the effects of the G20 regulatory reforms on financial intermediation. The evaluation considers the impact of the implementation Basel III and accounting standards such as IFRS 9 and its equivalent in various jurisdictions. The consultation on the evaluation of the effects of regulatory reforms on SME financing had outlined tehe relevant reforms potentially affecting SME finance and presented the implementation timelines and possible transmission channels for these reforms. The consultation report had stated that stakeholders identified Basel III as the most relevant reform impacting the provision of SME lending, although there were mixed views about its importance. Changes to accounting standards for expected credit loss (ECL) were also cited by stakeholders as potentially affecting SME financing.
Related Links
Keywords: International, Banking, Accounting, Basel III, Proportionality, IFRS 9, Credit Risk, Regulatory Reform, Responses to Consultation, FSB
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Masha Muzyka
CECL, IFRS 9, and IFRS 17 expert; credit risk and insurance risk specialist; strategic planning and credit analytics solutions consultant
Dieter Van der Stock
IFRS subject matter expert; accounting authority; risk management specialist
Previous Article
FASB to Delay Effective Date for Insurance Contracts StandardRelated Articles
|
News
BaFin Publishes Submission Deadlines Under Solvency IIBaFin published quarterly and annual submission deadlines on the Solvency II reporting page on its website.
February 25, 2020
WebPage
Regulatory News
|
|
News
RBNZ to Address Cyber Risk Through Risk Management GuidanceRBNZ announced that it is strengthening its efforts to enhance resilience of the financial system from cyber threats, including developing risk management guidance and promoting information-sharing in collaboration with industry and other public organizations.
February 25, 2020
WebPage
Regulatory News
|
|
News
FSI Convened Meeting on Climate Risk Assessment in Financial SectorThe Financial Stability Institute (FSI) of BIS issued a summary of the meeting held in Basel from February 20-21, 2020.
February 24, 2020
WebPage
Regulatory News
|
|
News
BCBS Updates Basel III Monitoring Workbook in February 2020BCBS updated the workbook for Basel III monitoring to version 4.1.2, for the collection of December 2019 data.
February 24, 2020
WebPage
Regulatory News
|
|
News
Bank of Finland Updates Validation Checks for AnaCredit ReportingBank of Finland published Version 1.8 of the validation checks for credit data collection under the AnaCredit Regulation.
February 24, 2020
WebPage
Regulatory News
|
|
News
APRA Plans to Assess Climate Risks and Develop Prudential GuidanceAPRA published a letter that outlines its plans to undertake a climate change vulnerability assessment and develop a prudential practice guide focused on climate-related financial risks.
February 24, 2020
WebPage
Regulatory News
|
|
News
FDIC Publishes Guide to Help with Third-Party Risk ManagementThe technology lab of FDIC (FDiTech) published a new guide to help financial technology, or fintech, companies and others partner with banks.
February 24, 2020
WebPage
Regulatory News
|
|
News
PRA Removes References to LIBOR in SoP on Pillar 2 Capital and SS20/15PRA published a policy statement (PS3/20) that provides updates to certain supervisory statements (SS20/15, SS28/15, and SS35/15) and statements of policy (SoP).
February 24, 2020
WebPage
Regulatory News
|
|
News
APRA to Transition to Annual Stress Testing of Large Banks in 2020APRA published key findings of the stress testing assessment conducted on authorized deposit-taking institutions.
February 21, 2020
WebPage
Regulatory News
|
|
News
BoE Updates Version 1.1.0 of Taxonomy for Form AS and Form FVBoE published the statistical notice 2020/01 that provides an update to Version 1.1.0 of the taxonomy for forms AS (MFI holdings of securities collection) and FV (Financial Vehicle Corporations return) and the associated validation rules.
February 21, 2020
WebPage
Regulatory News
|
