SARB issued Circular D4/2017 on matters related to securitization vehicles. This directive replaces Directive 1/2011, which is dated May 03, 2011. The purpose of this directive is to enhance monitoring of risks arising from securitization schemes by updating the reporting requirements in respect of issuer special purpose institutions (SPIs), as required by D1/2011.
The reporting requirements apply to issuer SPIs of traditional or synthetic securitization schemes that were authorized to issue commercial paper in terms of the current and prior securitization exemption notices. The date of implementation of the new reporting requirements shall be in respect of half-yearly periods ending December 31, 2017 onward. The template (BA 501) for half-yearly reporting has been provided in the Annexure to the Circular D4/2017.
Related Link: Circular D4/2017 (PDF)
EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).
EBA published a statement on resolution planning in light of the COVID-19 pandemic.
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ECB published a guideline (2020/97), in the Official Journal of European Union, on the definition of materiality threshold for credit obligations past due for less significant institutions.
FED temporarily revised the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes in response to the COVID-19 pandemic.