FIs have until 6 June 2023 to meet the requirements of the revised guidelines, and until 6 June 2024 to conduct their first BCM audit.
June 7, 2022ESMA found that reported trade activity data could be used to track the evolution of Archegos’ positions in individual stocks and analyse the mark-to-market value of its portfolio of swaps.
May 20, 2022Banks and supervisors are concerned that a lack of complete supply chain transparency may increase operational risk.
April 1, 2022The CSRC plans to allow publicly offered REITs to acquire affordable rental housing projects, saying this will help to increase the supply of housing.
March 22, 2022Supervisors are concerned that residual support measures may be masking true credit risk conditions in the banking sector, the BCBS says.
March 8, 2022Crypto-related financial stability risks could "rapidly escalate", underscoring the need for "timely and pre-emptive" evaluation of possible policy responses.
February 17, 2022New guidance urges banks and insurers to "vigorously promote" digital financial services and further develop their data and technology capabilities.
January 31, 2022The exposure limits have been tightened to strengthen the banks’ credit risk management and ensure stability of the sector.
January 26, 2022The revised rules seek to align the domestic framework with IAIS standards, while also addressing corporate governance and risk management issues.
December 21, 2021The guidelines emphasise the need for FIs to take an end-to-end view in ensuring the continuous delivery of critical business services and functions.
October 23, 2021