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Capital Adequacy
Basel Rules for Cryptoassets to Take Effect in Jan 2025
By Manesh Samtani | 19/12/2022
1,250% risk weight not applicable to custodied assets. Infrastructure risk add-on no longer mandatory. Gross limit on total Group 2 exposures raised from 1% to 2%.
Liquidity Risk
FSB to Revise Recommendations on Fund Liquidity Management
By Editors | 15/12/2022
Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.
Capital Adequacy
Global Banking System More Resilient After Basel Reforms: BCBS
By Editors | 15/12/2022
Banks that were more heavily affected by the Basel III reforms saw a greater reduction in their cost of capital, the BCBS said.
Emerging Prudential Risks
FSB Announces Decision to Discontinue Annual G-SII Identification
By Editors | 12/12/2022
The FSB will instead use assessments available through the IAIS Holistic Framework to inform its considerations of systemic risk in the insurance sector.
Resolution & Recovery
More Work Needed on Resolution Plans for CCPs, Insurers: FSB
By Editors | 09/12/2022
The FSB said resolution planning for G-SIBs is maturing but more progress is needed on the development of resolution plans for CCPs and insurers.
Resolution & Recovery
PBOC Calls on Chinese D-SIBs to Improve TLAC
By Editors | 30/11/2022
The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.
Cryptocurrency
VASPs Propose Measures to Improve Regulatory Mechanisms for Crypto
By Editors | 28/11/2022
The proposals include a mechanism to allow VASPs to discover one another, so as to better manage counterparty risk and enhance compliance requirements.
Reporting & Disclosures
UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance
By Editors | 26/11/2022
The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.
Capital Adequacy
FSB Publishes 2022 List of Global Systemically Important Banks
By Editors | 22/11/2022
Bank of America will have to meet a higher capital buffer requirement, while China Construction Bank and BNP Paribas will have to meet a lower buffer requirement.
Liquidity Risk
IOSCO Reviews Liquidity Risk Management Measures at Funds
By Editors | 19/11/2022
IOSCO’s 2018 recommendations to strengthen liquidity risk management practices in open-ended funds are “broadly well implemented”.
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