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Technology Risk Management Guidelines

MAS guidelines to promote sound practices and processes to keep pace with emerging technologies and shifts in the cyber threat landscape

Monetary Authority of Singapore revised guidelines focus on addressing technology and cyber risks in an environment of growing use by financial institutions (FIs) of cloud technologies, application programming interfaces, and rapid software development. The guidelines reinforce the importance of incorporating security controls as part of FI's technology development and delivery lifecycle, as well as in the deployment of emerging technologies. 

Publisher: National Regulators     Release date: Jan 2021    

Type: Guideline

Topics: Risk management, Operational risk, Cyber risk, Consumer education and protection

Sectors: Banking, Insurance

Sustainable Finance and the Role of Securities Supervisors

TC podcast discusses IOSCO's recent report on sustainable finance and securities regulation

Toronto Centre podcast discusses IOSCO's recent report on sustainable finance and securities regulation. Panelists discuss the current initiatives, both by regulators and the industry, including ESG-related international initiatives and challenges to investor protection. 

Publisher: Toronto Centre     Release date: Jan 2021    

Type: TC Videos

Parent: Sustainable Finance in Emerging Markets and the Role of Securities Regulators

Topics: Financial inclusion

Sectors: Securities

Blended Finance: Implications for Supervisors

TC Note provides overview of blended finance for EMDC supervisors

Toronto Centre Note provides an overview of blended finance debates, considerations, and issues of interest for emerging markets and developing countries (EMDC) financial supervisors. It examines the constraints on the growth of blended finance in EMDCs, including possible regulatory barriers, and it explores the role that supervisors can play in supporting the expansion of blended finance while maintaining the soundness of the financial sector. 

Publisher: Toronto Centre     Release date: Jan 2021    

Type: TC Notes

Topics: Financial inclusion

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities

Navigating Uncertainty in Climate Change

OSFI consultation promotes preparedness and resilience to climate-related risks

Office of the Superintendent of Financial Institutions consultation focuses on risks arising from climate change that could affect the safety and soundness of federally regulated financial institutions (FRFIs) and federally regulated pension plans (FRPPs).

Publisher: National Regulators     Release date: Jan 2021    

Type: Consultative, discussion and issues paper

Topics: Climate change

Sectors: Banking, Insurance, Pensions

How Supervisors Can Start the Conversation About Climate Risk

TC CoP podcast on climate risk

Toronto Centre podcast from its' Community of Practice on climate risk.

Publisher: Toronto Centre     Release date: Jan 2021    

Type: TC Videos

Topics: Climate change

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities

Supervising the New Normal: Long-Term Implications of the Pandemic for Supervisory Judgement

TC podcast discusses the long-term implications for supervisors of the COVID-19 pandemic

Toronto Centre podcast discusses the long-term implications for supervisors of the COVID-19 pandemic. 

Publisher: Toronto Centre     Release date: Jan 2021    

Type: TC Videos

Topics: COVID-19

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities

The People Side of Financial Supervision

TC podcast discusses challenges of developing and retaining talent

Toronto Centre podcast focuses on the challenges of developing and retaining talent. The speakers explore: i) the apprenticeship model of training financial supervisors; and ii) ways to preserve institutional memory in financial supervisory agencies. 

Publisher: Toronto Centre     Release date: Jan 2021    

Type: TC Videos

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities

Supervising the New Normal: On-Site Supervision - Early Lessons and Challenges Ahead

TC webcast discusses experiences with on-site supervision

TC webcast discusses experiences with on-site supervision. 

Release date: Dec 2020    

Type: TC Videos

Topics: COVID-19, Supervisory framework

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities

The Prudential Regulation Authority's Approach to Implementation of the O-SII Buffer

PRA statement of policy on its' approach to implementation of the other systemically important institutions buffer

UK Prudential Regulation Authority implementation of the systemic risk buffer (SRB). Framework applies to large banks and specifies set of criteria for assessing the extent to which the failure or distress of an SRB institution might post a long term non-cyclical systemic or macroprudential risk. Creates methodology for measuring the criteria and giving SRB institutions a single score in relation to the criteria with a corresponding SRB rate. 

Publisher: National Regulators     Release date: Dec 2020     Country: United Kingdom

Type: Law, Regulation and Policy

Topics: Systemic risk, Systemically important financial institutions (SIFIs), Capital adequacy, Macroprudential

Sectors: Banking

Minimum Requirement for Own Funds and Eligible Liabilities (MREL) - Buffers and Threshold Conditions

PRA supervisory statement on relationship between MREL and regulatory capital buffers and threshold conditions

UK Prudential Regulation Authority supervisory statement regarding relationship between minimum requirement for own funds and eligible liabilities (MREL) and regulatory buffers. Sets out PRA's expectations regarding relationship between MREL and PRA's Threshold Conditions, the minimum requirements that firms must meet in order to be permitted to carry on regulated activities. Role of MREL is to make resolution strategies workable by ensuring that there are equity and liabilities within the firm that can credibly absorb losses and recapitalize businesses that need to continue operating.

Publisher: National Regulators     Release date: Dec 2020     Country: United Kingdom

Type: Supervisory Practice

Parent: Bank Recovery and Resolution Directive (BRRD)

Topics: Capital adequacy, Recovery and resolution, Licensing

Sectors: Banking

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