Basel Core Principles News Today

Those who promote illegal financial schemes will, according to a newly tabled law, be liable to a fine of up to N$2 million, or 10 years in prison.

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<li>Basel Committee to review recent bank and market developments.</li>
<li>Progresses work on developing a potential bank disclosure framework for climate-related financial risks.</li>
<li>Advances review of <span>Core principles for effective banking supervision</span>.</li>
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The Bank of Ghana (BoG) has warned the public to desist from receiving loans from unlicensed loan providers and thus issued a list containing the names of such entities. The BoG says the activities of these unauthorised loan providers are in contravention with the Banks and Specialised Deposit-Taking Institutions Act.…

This article provides a brief introduction of the main statutes and actors involved in regulation of the financial sector in Mozambique and is the…

This briefing explains Bermuda's adoption of rigorous international tax and regulatory standards, which, in conjunction with local laws, make Bermuda…

The country’s financial regulators have created an inter-agency, cross-sectoral “Supervisory College” to strengthen the government’s ability to scrutinize financial conglomerates and its impact – in case of collapse – on the entire financial system. The Financial Sector Forum (FSF), which includes

Insurance Comparative Guide for the jurisdiction of Cayman Islands, check out our comparative guides section to compare across multiple countries

Reports on key recent regulatory developments focussing on banking and finance.  Contents COVID-19: PRA update on disclosure of exposures subject to COVID-19 response measures Prudential framework for non-systemic banks and building societies: PRA DP1/21 "Higher paid material risk taker": PRA CP9/21 on correcting definition Remuneration benchmarking and remuneration high earners reporting templates: PRA statement BRRD: European Commission adopts Delegated Regulation on contractual recognition ...

IMF Executive Board Concludes Financial System Stability Assessment with Philippines HTML File IMF Executive Board Concludes Financial System Stability Assessment with Philippines April 9, 2021 Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Financial System Stability Assessment [1] with the Philippines on March 5, 2021. The work of the Financial Sector Assessment Program (FSAP) was conducted during the COVID-19 outbreak, with the virtual missions con...

Published January 11, 2021, 7:00 AM The central bank’s scrutiny of domestic systemically important banks (D-SIBs) – these are large financial institutions deemed too big to fail – are heightened by enhanced D-SIBs metrics in response to rising pandemic-induced systemic threats to the financial system.  Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said it is crucial to determine the true condition of D-SIBs and its impact on the Philippine banking system (PBS), the bankin...