SBIF Amends Standards for Management of Liquidity Position by Banks
SBIF published a set of amendments to the "Management and Measurement of the Liquidity Position" standards. These standards are contained in Chapters 12-20 of the Updated Compilation of Standards as well as in the normative files corresponding to the liquidity situation of the Information System Manual (MSI). The adjustments are described in Circular No 3.644. Additionally, SBIF published frequently asked questions (FAQs) related to the changes in "Management and measurement of the liquidity position."
The amendments are related to the incorporation of changes made in Chapter III.B.2.1 of the Compendium of Financial Regulations of the Central Bank of Chile and the introduction of some adjustments to the calculation scheme of the liquidity coverage ratio (LCR) and the net stable funding ratio (NSFR), among others. The consultation on the amendments took place from October 02, 2018 to October 17, 2018.
Related Links (in Spanish)
- Press Release
- Circular No 3.644 (PDF)
- Chapter 12-20 of the Updated Compilation of Standards (PDF)
- FAQs (PDF)
Keywords: Americas, Chile, Banking, LCR, NSFR, Liquidity Risk, Liquidity Position, SBIF
Previous Article
US Agencies Expand Examination Cycles for Qualifying Small BanksRelated Articles
EBA Finalizes Remuneration Standards for Investment Firms in EU
EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).
ECA Recommends Actions to Enhance Resolution Planning for Banks
EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.
BoE Publishes Key Elements of the 2021 Stress Testing for Banks in UK
BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.
PRA Proposes Rules on Identity Verification of Depositor Protection
PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).
FSB Publishes Work Program for 2021
FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.
FCA Issues Update on Move to New Data Collection Platform
FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.
Bundesbank Publishes Derivation Rules for Reporting by Banks
Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.
FED Revises Capital Planning and Stress Testing Requirements for Banks
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB Releases Results of Bank Lending Survey for Fourth Quarter of 2020
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs Publish Reporting Templates for Financial Conglomerates
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.
