Featured Product

    CBB Publishes Consultations and Revised Rules in December 2019

    January 09, 2020

    CBB published various consultations and revised regulatory modules that are relevant for Islamic and conventional banks, insurers, and the investment business of banks. The updates relate to the first four volumes of the CBB Rulebook: Volume 1 is for conventional banks, Volume 2 is for Islamic banks, Volume 3 is for insurers, and Volume 4 pertains to the investment business.

    The consultations are for enhancements to the directive on Cyber Security Risk Management (Section OM 6.6 of Volumes 1 and 2 of the CBB Rulebook) and on amendments to the Authorization Module by adding the activity of Arranging Credit and Advising on Credit to current activities to the rules (including for banks with investment business). The consultation for Cyber Security Risk Management ends on January 22, 2020 while the consultations on Authorization Module end on January 20, 2020. Certain proposals related to Volumes 3 and 4 of the CBB Rulebook were also issued.

    In addition, CBB published the revised modules for Operational Risk Management Volumes 1 and 2 (effective immediately) and High-Level Controls Volumes 1 and 2 (effective immediately) of the CBB Rulebook, post their respective consultations. On January 09, 2020, CBB also published Appendix BR-24 that includes requirements for computation and submission of net stable funding ratio (NSFR) by banks. 

     

    Related Links

    Comment Due Dates: January 20/22, 2020

    Featured Experts
    Related Articles
    News

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News
    News

    FSB and NGFS Publish Initial Findings from Climate Scenario Analyses

    The Financial Stability Board (FSB) and the Network for Greening the Financial System (NGFS) published a joint report that outlines the initial findings from climate scenario analyses undertaken by financial authorities to assess climate-related financial risks.

    November 15, 2022 WebPage Regulatory News
    News

    FSB Issues Reports on NBFI and Liquidity in Government Bonds

    The Financial Stability Board (FSB) published a letter intended for the G20 leaders, highlighting the work that it will undertake under the Indian G20 Presidency in 2023 to strengthen resilience of the financial system.

    November 14, 2022 WebPage Regulatory News
    News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News
    News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News
    News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News
    News

    EU Finalizes Rules Under Crowdfunding Service Providers Regulation

    The European Union has finalized and published, in the Official Journal of the European Union, a set of 13 Delegated and Implementing Regulations applicable to the European crowdfunding service providers.

    November 08, 2022 WebPage Regulatory News
    News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News
    News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News
    News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8596