US Agencies (FDIC, SEC, FED, CFTC, and CFPB) published updates related to their respective semi-annual regulatory agenda. FDIC, FED, CFTC, and CFPB published the agenda as part of the Spring 2017 Unified Agenda of Federal Regulatory and Deregulatory Actions (Unified Agenda). The Unified Agenda offers an update on the planned actions of the administrative agencies in the near and long term. The publication of this agenda is in accordance with the Regulatory Flexibility Act, which requires each federal agency to publish, twice a year, an agenda in the Federal Register; the agenda should identify rules, for consideration over the next 12 months, that are likely to have a significant economic impact on a substantial number of small entities.
A brief description of each agency's agenda follows:
FDIC agenda contains information about the current and projected rulemakings, existing regulations under review, and completed rulemakings. FDIC publishes this regulatory agenda to inform the public about its regulatory actions and to enhance public participation in the rulemaking process.
SEC published the Chairman's agenda of rulemaking actions and the items listed in this Regulatory Flexibility Agenda for Spring 2017 reflect only the priorities of the Acting Chairman of the U.S. SEC and do not reflect the views and priorities of any individual Commissioner. The Commission invites questions and public comments on the agenda and on the individual agenda entries. Comments should be received on or before September 25, 2017.
FED issued the agenda under the Regulatory Flexibility Act and the Board's Statement of Policy Regarding Expanded Rulemaking Procedures. Comments about the form or content of the agenda may be submitted any time during the next six months.
CFTC published a semi-annual agenda of rulemakings that the CFTC expects to propose or promulgate over the next year. The Commission welcomes comments from small entities and others on the agenda.
Comment Due Date: September 25, 2017
Keywords: Americas, United States of America, Banking, Securitization, Unified Agenda, US Agencies
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.
The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.
MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.
PRA published the policy statement PS19/20 on the final policy for extending coverage under the Financial Services Compensation Scheme (FSCS) for Temporary High Balance.
EBA published the final draft implementing technical standards for disclosures and reporting on the minimum requirements for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) requirements in EU.
EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.
EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.