The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.
January 25, 2023Banks have until 1 July 2023 to ensure their Code of Conduct and internal control systems are consistent with the revised SPM module.
December 13, 2022The Council has retained the 1 January 2025 start date for implementation proposed by the European Commission a year ago.
November 11, 2022Fraudsters claiming to be financial advisors are soliciting deposits in unknown foreign banks by promising high deposit rates.
August 31, 2022The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.
June 27, 2022A final report has been issued on extending RTGS operating hours, and another offering a framework for jurisdictions to self-assess payment system access.
May 13, 2022The number of “red zone” institutions has declined for six straight quarters. No foreign-invested or private banks were identified as high-risk institutions.
March 30, 2022Financial institutions and foreign banks participating in the bond lending system must sign a master agreement, which NAFMII is tasked with developing.
February 14, 2022EU regulators are reportedly considering rule revisions that could force more foreign banks to operate as subsidiaries rather than branches.
February 6, 2022