Dubai FSA Amends Reporting Matrix in Rulebook for Banks
The Dubai Financial Services Authority (Dubai FSA) updated certain Rulebook modules for financial sector entities, including banks, following the legislative amendment proposals set out in the consultation paper no. 142. The updates cover General, Glossary, Collective Investment Rules, and Prudential– Investment, Insurance Intermediation and Banking Business (PIB) modules. The recently published rulemaking instruments (or notices) for financial firms, including banks, insurers, and asset managers came into force on June 01, 2022.
Key among the amended modules is the Prudential—Investment, Insurance Intermediation and Banking Business Module (PIB), in which the changes relate to the section on Calculating the Capital Requirement, including the table that sets out the base capital requirement for each category of an authorized firm and the table on the authorized firm reporting matrix. The reporting matrix table has been modified with information on the forms for Large Exposure (B310), Arrears and Provisions (B320), Credit Activity (B340), and Trade Finance Activity (B350). The reporting matrix table indicates whether a relevant form must be prepared and submitted by a domestic firm or branch, which category of authorized firm must prepare and submit the relevant form, whether the relevant form must be prepared and submitted on a quarterly or annual basis, and which category of authorized firm of a financial group must prepare and submit the relevant form on a semi-annual basis. Overall, the PIB module covers capital, leverage ratio, credit risk, market risk, operational risk, liquidity risk, interest rate risk in the banking book, supervisory review and evaluation process, and disclosure requirements, among others, for various categories of authorized firms, including global and domestic systemically important banks (G-SIBs and D-SIBs). Other amended modules involve minor changes that are detailed in the respective associated appendix documents.
Related Links
Keywords: Middle East and Africa, United Arab Emirates, Dubai, Banking, Rulebook, Basel, Large Exposure, Reporting, Regulatory Capital, Dubai FSA
Featured Experts

María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer

Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.

Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Related Articles
BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks
The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.
OSFI Finalizes on Climate Risk Guideline, Issues Other Updates
The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.
BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending
BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.
HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks
The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.
BCBS Report Examines Impact of Basel III Framework for Banks
The Basel Committee on Banking Supervision (BCBS) published results of the Basel III monitoring exercise based on the June 30, 2022 data.
PRA Consults on Prudential Rules for "Simpler-Regime" Firms
Among the recent regulatory updates from UK authorities, a key development is the first-phase consultation, from the Prudential Regulation Authority (PRA), on simplifications to the prudential framework that would apply to the simpler-regime firms.
DNB Publishes Multiple Reporting Updates for Banks
DNB, the central bank of Netherlands, updated the list of additional reporting requests and published additional data quality checks and XBRL-Formula linkbase documents for the first quarter of 2023.
NBB Sets Out Climate Risk Expectations, Issues Reporting Updates
The National Bank of Belgium (NBB) published a communication on climate-related and environmental risks, issued an update on XBRL reporting
EBA Updates Address Securitization Standards and DGS Guidelines
The European Banking Authority (EBA) published the final draft of the regulatory technical standards that set out conditions for assessment of homogeneity of the underlying exposures in simple, transparent, and standardized (STS) securitizations.
FSB Publishes Letter to G20, Sets Out Work Priorities for 2023
The Financial Stability Board (FSB) published a letter intended for the G20 Finance Ministers and Central Bank Governors, highlighting the work that FSB will take forward under the Indian G20 Presidency in 2023