CBUAE Consults on Framework for Real Estate Exposures of Banks
CBUAE is consulting on the enhanced regulatory framework for real estate exposures of banks. The refined measures are expected to improve flexibility for bank lending to the real estate sector, while ensuring that banks with real estate exposures above a set threshold will be subject to supplemental regulatory requirements. In addition, through the application of a backstop, the proposed measures avoid excessive real estate exposures and encourage banks to maintain diversified assets. CBUAE is inviting banks to provide comments on the proposed framework through the UAE Banking Federation by October 31, 2019.
The proposed framework was prepared in line with the ongoing regulatory developments at the Central Bank and in conjunction with a comprehensive assessment and third-party validation by international experts. The primary objective of the proposed framework is to enhance financial stability by re-designing regulatory measures aimed at exposures of banks to the real estate sector. The Central Bank will complement the proposed framework by its risk-based supervision to ensure continued consistent application of the regulatory measures and appropriate risk management standards across the banking industry.
Related Link: Enhanced Regulatory Framework (PDF)
Keywords: Middle East and Africa, UAE, Banking, Credit Risk, Real Estate Exposures, UAE Banking Federation, CBUAE
Previous Article
FDIC Amends Rule on Timely Deposit Insurance DeterminationRelated Articles
|
News
APRA Publishes Approach to Regulating and Supervising GCRA RisksAPRA published an information paper that sets out a more intensive regulatory approach to transform governance, culture, remuneration, and accountability (GCRA) practices across the prudentially regulated financial sector.
November 19, 2019
WebPage
Regulatory News
|
|
News
IAIS Publishes Application Paper on Recovery PlanningIAIS published the final application paper on recovery planning, along with the resolution of comments on the draft application paper.
November 18, 2019
WebPage
Regulatory News
|
|
News
FSB Publishes Summary of November Meeting of RCG for MENA RegionFSB published a summary of the November meeting of the Regional Consultative Group (RCG) for Middle East and North Africa (MENA).
November 17, 2019
WebPage
Regulatory News
|
|
News
EBA Single Rulebook Q&A: Second Update for November 2019EBA updated the Single Rulebook question and answer (Q&A) tool with answers to eight questions that relate to the Bank Resolution and Recovery Directive (BRRD) and the Capital Requirements Regulation and Directive (CRR and CRD).
November 15, 2019
WebPage
Regulatory News
|
|
News
FASB Delays Effective Dates for CECL, Leases, and Hedging StandardsFASB issued two Accounting Standards Updates finalizing the delays in effective dates for standards on current expected credit losses (CECL), leases, hedging, and long-duration insurance contracts.
November 15, 2019
WebPage
Regulatory News
|
|
News
ESMA Updates Q&A on Securitization Regulation in November 2019ESMA updated questions and answers (Q&A) on the Securitization Regulation (Regulation 2017/2402).
November 15, 2019
WebPage
Regulatory News
|
|
News
HKMA Announces Finalization of Banking Liquidity Amendment Rules 2019HKMA issued a letter informing all authorized institutions that negative vetting of the Banking (Liquidity) (Amendment) Rules 2019 (BLAR) has now expired. Thus, the BLAR will now come into operation from January 01, 2020.
November 15, 2019
WebPage
Regulatory News
|
|
News
BCBS Consults on Revised Disclosures for Market Risk FrameworkBCBS launched a consultation on the revised disclosure requirements for the market risk framework for banks.
November 14, 2019
WebPage
Regulatory News
|
|
News
BCBS Consults on Disclosure Templates of Sovereign Exposures of BanksBCBS published a consultation on the voluntary disclosure templates related to sovereign exposures of banks.
November 14, 2019
WebPage
Regulatory News
|
|
News
PRA Publishes Final Policy on Maintenance of TMTP Under Solvency IIPRA published the policy statement (PS25/19) that contains the final supervisory statement (SS6/16) on maintenance of the transitional measure on technical provisions (TMTPs) under Solvency II.
November 14, 2019
WebPage
Regulatory News
|
