All posts tagged "BCBS"
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55Australia & NZAPRA Defers Implementation of IRRBB, FRTB, CVA Risk
The prudential standard for IRRBB will now take effect from 1 January 2024. The FRTB and CVA risk frameworks will take effect from 1 January 2025.
October 28, 2021 -
133Capital RegulationInternational Standard Setters Launch Review into Margin Practices
While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.
October 27, 2021 -
203AML / KYCInconsistent AML Approaches Cause Cross-border Payment Frictions
The FATF says inconsistent implementation of AML/CFT requirements increases cost, reduces speed, limits access and reduces transparency in cross-border payments.
October 23, 2021 -
255Big PictureCrypto Asset Regulation “A Matter Of Urgency”, says BOE
Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.
October 19, 2021 -
299AML / KYCLack of Crypto Regulation Presents Financial Stability Risk: IMF
The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.
October 6, 2021 -
335Capital RegulationIndustry Bodies Call for Less Stringent Treatment of Cryptoassets
The prudential framework envisaged by the BCBS consultation would create "material impediments" to regulated bank participation in cryptoasset markets.
September 23, 2021 -
292InternationalBCBS Calls on Banking Sector to Enhance Cyber Defences
Remote work arrangements and digital financial services have "enlarged banks' attack surfaces", creating opportunities for malicious actors, the BCBS said.
September 21, 2021 -
339Capital Regulation
JBA Calls for Global Cryptoasset Regulations for Non-banks
A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.
September 15, 2021 -
242Australia & NZ
APRA Releases Final Prudential Standard on Capital Adequacy
CET1 capital may not have unusual features that could undermine its role as the highest quality loss-absorbing capital. The final APS 111 takes effect from 1 January 2022.
August 6, 2021 -
275Big Picture
New BIS Paper Calls for Concrete Guidance on AI
Common themes on AI governance create scope for the development of international guidance or standards, says a new paper from the Financial Stability Institute.
August 4, 2021
