Canada: Prudential regulator consults on tailored capital and liquidity requirements for small banks

The Canadian prudential regulator (OSFI) has published a consultative document on advancing proportionality in the capital and liquidity regime for small and medium-sized banks.  The document includes an overview of feedback that OSFI received in response to its July 2019 discussion paper. The document also outlines changes that are proposed to the capital and liquidity […]

Central Bank of Nigeria issues Consumer Protection Framework

The Central Bank of Nigeria has issued Consumer Protection Framework (Framework) for the financial services industry.  The Framework is aimed at enhancing consumer confidence in the industry and promoting financial stability, growth and innovation. The CBN requires regulated institutions to develop policies, to be approved by their respective Boards, to ensure compliance with the Framework […]

Bank of England proposes to stress test financial stability implications of climate change

The Bank of England is consulting on its proposed framework for the 2021 Biennial Exploratory Scenario (BES) exercise, in relation to climate-related risks. The objective of the BES is to test the resilience of the largest banks and insurers (firms) to the physical and transition risks associated with different possible climate scenarios. The BES will […]

Iceland: Central Bank amends liquidity coverage requirements for credit institutions

The Central Bank of Iceland has amended the rules on liquidity coverage requirements for credit institutions.  Currently, credit institutions’ liquidity ratio in all currencies combined is required to be at least 100% at all times. In addition, their liquidity ratio in all foreign currencies must similarly be at least 100% at all times.  The amendment […]