Videos-on-Demand 2020
The State Bank of Vietnam (SBV) decided to establish Banking Sector Steering Committee and Working Group on digital transformation.
The Bank of Thailand (BOT) revised the Cyber Resilience Assessment Framework for commercial banks.
The Hong Kong Monetary Authority (HKMA) published the Supervisory Policy Manual GS-1 on climate risk management.
The Commission for the Financial Market (CMF) in Chile published multiple regulatory updates, including frequently asked questions (FAQs) on the recently issued General Rule No. 461, which incorporates sustainability and corporate governance aspects in the annual reports of supervised financial institutions.
The European Central Bank (ECB) published an opinion on the proposal for a regulation laying down harmonized rules on artificial intelligence or AI (Artificial Intelligence Act) and amending certain European Union legislative acts (hereafter the "proposed regulation").
The Central Bank of Brazil (BCB) announced that the National Monetary Council (CMN) approved Resolution 4,970, which regulates authorization process for the operation of financial institutions and will be effective from July 01, 2022.
The Bank Negara Malaysia (BNM) proposed revisions to the guidelines on business continuity management for financial institutions, with the feedback period ending on March 31, 2022.
The Hungarian National Bank (MNB) decided not to extend the restrictions imposed on dividend payments, share repurchases, and performance bonuses in the credit institution sector, in response to the economic uncertainties caused by COVID-19 pandemic; the restrictions have ended on December 31, 2021.
The Financial Services Agency of Japan (JFSA) proposed changes to the regulatory notices pertaining to leverage ratio requirements.
The Financial Services Authority of Indonesia (OJK) published a LIBOR transition guide and a Regulation (26/POJK.03/2021) on the maximum limit for fund distribution and large fund distribution for Islamic commercial banks, with the regulation coming into force on January 01, 2022.
The National Bank of Belgium (NBB) decided to maintain the countercyclical buffer rate (CCyB) at 0% for the first quarter of 2022 and does not expect to increase the buffer until the second quarter of 2022.
DNB, the central bank of Netherlands, launched a consultation on the revised framework for determining the countercyclical capital buffer (CCyB) requirement for institutions.
The Federal Deposit Insurance Corporation (FDIC) published its Quarterly Banking Profile for the third quarter of 2021.
The Hong Kong Monetary Authority (HKMA) is consulting the banking industry on the implementation of Pillar 3 disclosure requirements under the Basel III final reform package.
The European Commission (EC) published Regulation 2021/2284, which lays down the implementing technical standards on supervisory reporting and disclosures for application of the Investment Firms Regulation or IFR (2019/2033).
The European Central Bank (ECB) published a letter that highlights the work done on addressing climate change risks and sets out the roadmap for the upcoming initiatives.
The UK government published the Statutory Instrument No. 1461, which implements Amendment of the Commission Implementing Regulation (EU) 2018/151 via The Network and Information Systems (EU Exit) (Amendment) Regulations 2021.
The Office of the Superintendent of Financial Institutions (OSFI) recently confirmed that the minimum qualifying rate for uninsured mortgages will remain the greater of the mortgage contract rate plus 2.00% or 5.25%.
The European Banking Authority (EBA) published the final draft implementing technical standards on supervisory reporting with respect to common reporting (COREP), asset encumbrance, global systemically important institutions (G-SIIs), and additional liquidity monitoring metrics (ALMM).
The European Insurance and Occupational Pensions Authority (EIOPA) revised the guidelines on Legal Entity Identifier (LEI) and expects national competent authorities to apply these revised guidelines from July 01, 2022.
The Central Bank of Ireland published announced its participation in the euro-denominated green bond investment fund for central banks established by the Bank for International Settlements (BIS).
The Dubai Financial Services Authority (Dubai FSA) updated the Prudential Investment, Insurance Intermediation, and Banking Business Module of its Rulebook, following the finalization of a number of proposed legislative changes that had been set out in the Consultation Paper No. 139.
The Central Bank of the UAE (CBUAE) is extending certain measures of the Targeted Economic Support Scheme (TESS) until June 30, 2022, to support the continued economic recovery during pandemic.
Middle-market lending does not always mean high credit risk. The availability of rich data and modern statistical models enable investors to rethink traditional best practices of avoiding lending to smaller companies or capping the estimated credit quality for smaller firms at subpar levels.
The Board of Governors of the Federal Reserve System (FED) updated the form and instructions for the annual capital assessments and stress testing report (FR Y-14A), along with the reporting instructions for the quarterly data collection FR Y-14Q.
The Prudential Regulation Authority (PRA) imposed a financial penalty of GBP 46.55 million on the Standard Chartered Bank. Additionally, PRA published the policy statement PS28/21, which finalizes changes to the Remuneration Part of the PRA Rulebook on the criteria for identifying material risk-takers.
The Bank for International Settlements (BIS) recently published reports that investigate different aspects of the global regulatory and financial landscape.
The European Central Bank (ECB) decided to not extend, beyond December 2021, the liquidity relief measure that allowed banks to operate with a liquidity coverage ratio below 100% and expects all banks to maintain a the ratio of above 100% as of January 01, 2022.
The European Systemic Risk Board (ESRB) published a report on the usability of capital buffers of banks.
The European Central Bank (ECB) is taking the next step in the project to develop the integrated reporting framework or IReF. Following an industry-wide consultation, ECB is now launching the design phase of the project, which is expected to go live in 2027.
