The new rating system will increase emphasis on corporate governance and data governance, and be used as the basis for early detection and intervention to address risk.
September 25, 2021Firms are invited to help the RBI review its supervisory processes for the banking sector and the supervisory ratings models used for UCBs and NBFCs.
May 12, 2021SAFr aims to facilitate forward-looking assessments of financial institutions and link their systemic importance and risk profile to the level of supervisory attention they receive.
January 13, 2021The six-month deferral is intended to give FIs more time to prepare for implementation, given the impact of the Covid-19 pandemic.
June 30, 2020The new SAFr - said to be more forward-looking compared to CAMELS - uses a four-point rating scale, focusing on FIs business models and compliance systems' ability to mitigate risk.
March 11, 2020Business decisions made largely as part of managing regular operations will no longer require the BSP's approval.
February 6, 2019The rankings will be used to alert the central bank to risks at financial institutions in the interest of safeguarding the banking system and protect depositors.
February 5, 2019BSP circular says banks do not need prior approval of central bank to issue bonds and commercial papers and sets out eligibility criteria for issuers.
August 15, 2018It’s impossible to separate Deutsche Bank’s ongoing regulatory compliance shortcomings from its business exigencies. The recent and unusual censure from the Federal Reserve highlights the bank’s inexorable pressures.
June 28, 2018