Banks are encouraged to adopt the international standards for internal audit, such as those issued by the BCBS or the Institute of Internal Auditors.
January 12, 2021In June 2019, the FSC designated CTBC Bank, Cathay United Bank, Taipei Fubon Bank, Mega International Commercial Bank and Taiwan Cooperative Bank as D-SIBs.
January 2, 2021Expanding the availability of PvP settlement to a wider range of transactions and actors will reduce FX settlement risk and support global financial stability.
December 20, 2020MAS intends to implement the revised standards for operational risk capital and leverage ratio requirements from 1 January 2023.
December 18, 2020The revised CVA risk capital framework is likely to have significant impacts on banks, particularly for those with material CVA risk exposures, the HKMA says.
December 17, 2020Under full phase-in of the final Basel III standards, the capital shortfalls at Group 1 banks were €10.7bn based on end-December 2019 data, compared with €16.6bn at end-June 2019.
December 11, 2020Financial institutions can add back a portion of their Stage 1 and Stage 2 provisions for ECL to Tier 1 capital over a four or three year period.
December 10, 2020The framework will take effect from 1 January 2021. The additional regulatory requirements for D-SIBs have not yet been announced.
December 7, 2020The FATF seeks feedback to help identify how divergent AML/CFT measures adopted at the national level add to the challenges of cross-border payments.
December 2, 2020A coordinated approach to mitigating Covid-19 risks will be adopted. Capital and liquidity buffer drawdowns are encouraged. Future adjustments to Basel III will be limited.
December 1, 2020