Respondents to the RBNZ's consultation have expressed concerns that cash and privacy would be at risk of disappearing if a CBDC is issued.
May 11, 2022Interconnectedness, while providing benefits, poses certain risks that need to be recognised and analysed to guard against system-wide vulnerabilities, DTCC says.
May 6, 2022Regulated entities looking to launch crypto-asset-related operations should consult their supervisor first. A longer-term prudential framework is being developed.
April 22, 2022Key areas of focus for the BOJ will be to assess how banks are managing climate risk, credit risk, cross-border loans, and cybersecurity.
April 6, 2022The RBI has bolstered its supervisory focus at banks amid findings of compliance, risk management and internal audit weaknesses.
April 5, 2022Banks and supervisors are concerned that a lack of complete supply chain transparency may increase operational risk.
April 1, 2022Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.
March 25, 2022Basel III implementation will be delayed until March 2024, due to the pandemic and the financial market turmoil caused by Russia's invasion of Ukraine.
March 17, 2022From 10 March 2023, financial markets and participants will have to comply with new technological and operational resilience rules.
March 11, 2022The interim standard will come into force on 1 January 2023. The RBNZ is also consulting on the penalties and enforcement tools it has available for supervising insurers.
March 11, 2022