The COVID-19 pandemic is an additional catalyst for financial institutions to generate fundamental structural change as they seek to implement Basel reforms, says AxiomSL’s Mahim Mehra.
May 3, 2020An "overwhelmingly large share" of BCBS members have conducted research related to the measurement of climate-related financial risks.
May 1, 2020Some banks have changed their BCBS 239 implementation strategies to comprehensively improve data quality, but this will take considerable time to resolve.
April 29, 2020The new commencement dates relate to initial margin requirements and APRA's prudential standards on information security, credit risk management and related entity exposures.
April 16, 2020MAS has adjusted banks’ capital and liquidity requirements to help sustain their lending activities, while also deferring a host of regulatory initiatives until further notice.
April 8, 2020IFRS 9 should be applied flexibly rather than mechanistically when estimating ECL, and payment moratorium periods can be excluded from the counting of days past due.
April 6, 2020With the extension, phase 5 implementation will take place on 1 September 2021 and phase 6 implementation on 1 September 2022.
April 5, 2020The FSA also said NSFR implementation is being deferred by one year to April 2021, as the BOJ relaxes the eligibility requirements for firms to participate in its market operations.
March 31, 2020Aside from deferring Basel III adoption, the HKMA is considering the implications of Covid-19 on the application of expected credit loss provisioning.
March 30, 2020Lower risk sensitivity on SME loans under the Basel III credit risk framework will raise capital adequacy ratios at banks, allowing them to provide additional funding to businesses.
March 30, 2020