The Australian Prudential Regulation Authority (APRA) has released an updated prudential standard on credit risk management requirements for authorised deposit-taking institutions. The updated standard addresses recommendation 1.12 from the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.  As recommended by the Royal Commission, APRA has amended APS […]

The Swiss Financial Market Supervisory Authority (FINMA) has updated its Guidelines on Financial Market Regulation.  The Guidelines highlight how FINMA ensures a transparent and efficient regulatory process. They reflect the new Ordinance to the Financial Market Supervision Act. Further details are available here. Photo Credit: Pixabay

The Prudential Regulation Authority (PRA) is inviting comments on its proposals to modernize the regulatory framework on outsourcing and third-party risk management. The proposals are outlined in the draft Supervisory Statement on Outsourcing and third-party risk management.  The objectives include complementing the policy proposals on operational resilience in CP29/19 ‘Operational resilience: impact tolerances for important […]

The Office of the Superintendent of Financial Institutions (OSFI) has released the final version of Guideline B-6 on Liquidity Principles.  Guideline B-6 sets out OSFI’s expectations around the management of liquidity risk for deposit-taking institutions.  It complements the minimum liquidity requirements set out in the Liquidity Adequacy Requirements Guideline.  Guideline B-6 was last updated in 2012.  […]

The Australian Prudential Regulation Authority (APRA) is proposing substantially increasing the volume and breadth of data it makes publicly available on authorised deposit-taking institutions (ADIs). APRA notes that the move towards greater transparency and scrutiny of the banking sector is aimed at increasing accountability, supporting competition and lifting overall industry standards. From 2020, APRA proposes […]

The Bank of Israel (Bank) has published draft guidelines for the implementation of opening banking in Israel.   In order to increase transparency and access to information about the implementation, the Bank has established a designated portal (in Hebrew) on its website. The portal will also serve as a single platform for communication between participants in […]

The Office of the Superintendent of Financial Institutions (OSFI) has published Guideline A-10: Foreign Bank Branch Deposit Requirement.  Guideline A-10 addresses OSFI’s expectations with respect to the minimum deposit which authorized foreign banks must maintain in respect of their business in Canada. It establishes rules around the required deposit, including: i) the need for a […]