2012

382 records

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Anti-Money Laundering and Terrorist Financing Measures and Financial Inclusion

FATF guidance to provide support in designing AML/CFT measures that meet the goal of financial inclusion

Financial Action Task Force guidance focusing on ensuring that AML/CFT controls do not inhibit access to well regulated financial services for financially excluded and underserved groups. Explores initiatives to address financial inclusion within the AML/CFT context taken in developing countries and also considers examples of action taken in developed countries. Reviews the different steps of the AML/CFT process and presents how the standards can be read and interpreted to support financial inclusion.

Publisher: Global Standard-Setting Bodies Release date: Dec 2012

Type: Guideline

Peer: National Money Laundering and Terrorist Financing Risk Assessment, The Role of Hawala and Other Similar Service Providers in Money Laundering and Terrorist Financing, Risk-Based Approach for the Banking Sector, Methodology for Assessing Compliance with the FATF Recommendations , Prepaid Cards, Mobile Payments and Internet-Based Payment Services

Topics: Financial inclusion, Money laundering and terrorist financing

Sectors: Banking

HKMA Supervisory Policy - Supervisory Review Process

HKMA policy for supervisory review of bank capital adequacy

Hong Kong Monetary Authority policy sets out its approach to the supervisory review process under Pillar 2 of the Basel capital framework, including criteria and standards used for evaluating bank capital adequacy and the effectiveness of bank's capital adequacy assessment process, for purposes of determining its minimum capital adequacy ratio. Describes how framework for determining any additional capital that a bank should hold will operate under the capital adequacy framework.

Publisher: National Regulators Release date: Dec 2012 Country: Hong Kong, China

Type: Law, Regulation and Policy

Peer: HKMA Supervisory Policy - Stress-Testing, HKMA Supervisory Policy - Overview of Capital Adequacy Regime for Locally Incorporated Authorized Institutions, Bank Culture Reform

Topics: Capital adequacy, Stress-testing, Risk-based supervision, Supervisory framework, Contingency planning

Sectors: Banking

Consolidated Supervision Framework for Large Financial Institutions

FRB framework for consolidated supervision of large financial institutions

US Federal Reserve Board framework for consolidated supervision of large financial institutions. Strengthens traditional microprudential supervision and regulation to enhance safety and soundness of individual firms. Incorporates macroprudential considerations to reduce potential threats to stability of the financial system. Has two primary objectives: i) enhancing resiliency of a firm to lower the probability of its failure or inability to serve as a financial intermediary; and ii) reducing impact on financial system and broader economy in the event of a firm’s failure.

Publisher: National Regulators Release date: Dec 2012

Type: Supervisory Practice

Topics: Supervisory framework, Recovery and resolution, Corporate governance, Systemically important financial institutions (SIFIs), Macroprudential

Sectors: Banking

Operationalising the Selection and Application of Macroprudential Instruments

BCBS guidance for policymakers about how macroprudential instruments should be chosen, combined and applied

Basel Committee on Banking Supervision report to help policymakers operationalize macroprudential policies. Identifies three high-level criteria that are key in determining the selection and application of macroprudential instruments: i) the ability to determine the appropriate timing for the instrument's activation or deactivation; ii) the instrument's effectiveness in achieving the stated policy objective; and iii) the instrument's efficiency in terms of a cost-benefit assessment. Proposes a number of practical tools that can help when choosing and implementing macroprudential instruments.

Publisher: Global Standard-Setting Bodies Release date: Dec 2012

Type: Consultative, discussion and issues paper

Topics: Macroprudential, Systemic risk

Sectors: Banking

Disclosure Framework and Assessment Methodology

CPFI-IOSCO Disclosure Framework for FMIs and Assessment Methodology for the principles for FMIs and the responsibilities of authorities

Committee on Payments and Market Infrastructures and International Association of Securities Commission joint issuance pursuant to the April 2012 Principles for Financial Market Infrastructures (PFMI). The PFMI establish international standards for payment systems that are systemically important, central securities depositories, securities settlement systems, central counterparties and trade repositories. The Disclosure Framework prescribes the form and content of the disclosures expected of FMIs. The Assessment Methodology provides guidance to assessors for evaluating observance of the 24 principles and five responsibilities set forth in the PFMI.

Publisher: Global Standard-Setting Bodies Release date: Nov 2012

Type: Guideline

Peer: Principles for Financial Market Infrastructures

Topics: Financial market infrastructure

Sectors: Banking, Securities

Conflicts of Interest Between Asset Managers and their Customers: Identifying and Mitigating the Risks

FSA analysis of how firms are managing conflicts of interest and setting out its expectations of asset managers

UK Financial Services Authority discussion paper concludes that conflicts of interest are not adequately managed. Analyses how firms: i) identified and controlled conflicts of interest; ii) managed purchase of research and trade execution services on behalf of customers; iii) managed gifts and entertainment; iv) ensured customers have equal access to all suitable investment opportunities; v) managed personal dealings by employees; and vi) allocated cost of errors between themselves and their customers. Sets out FSA expectations with references to its Principles for Businesses and its Conduct of Business Sourcebook.

Publisher: National Regulators Release date: Oct 2012 Country: United Kingdom

Type: Consultative, discussion and issues paper

Topics: Compliance function, Consumer education and protection, Transparency and disclosure, Conduct

Sectors: Banking, Securities

Regulation and Supervision Supporting Inclusive Insurance Markets

IAIS paper on application of ICPs in the context of promoting financial inclusion

International Association of Insurance Supervisors paper provides guidance supporting application of the internationally agreed Insurance Core Principles when working to promote inclusive insurance markets. Provides examples of how relevant principles and standards can be practically applied in a proportionate manner, taking account of the nature, scale and complexity of the insurer and its' risk profile, while recognizing that proportionality has a lower bound.

Publisher: Global Standard-Setting Bodies Release date: Oct 2012

Type: Consultative, discussion and issues paper

Parent: Insurance Core Principles

Topics: Financial inclusion, FinTech

Sectors: Insurance

BCBS Framework for Dealing with Domestic Systemically Important Banks

BCBS principles on assessment methodology and higher loss absorbency requirement for D-SIBs

Basel Committee on Banking Supervision framework that complements the internationally agreed global systemically important bank (G-SIB) framework by focusing on the impact that the distress or failure of banks will have on the domestic economy.

Publisher: Global Standard-Setting Bodies Release date: Sep 2012

Type: Standard

Peer: MAS Framework for Impact and Risk Assessment of Financial Institutions , Regulation and Supervision of Domestic Systemically Important Banks in Nigeria

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

Sectors: Banking

A Guide to Regulation and Supervision of Microfinance

CGAP Consensus Guidelines addressing regulatory and supervisory issues relevant to formal financial services for poor people.

Focuses on the specifics of microfinance regulation and supervision. Addresses issues and principles applicable to financial sector regulation and supervision more generally only when necessary to understand the specifics of regulating and supervising microfinance. Focuses on for-profit and nonprofit private actors. Does not address issues specific to state-owned or state-controlled institutions, and savings banks, that also serve poor people, although most of the general principles apply to state institutions and to both state-owned and privately owned savings banks.

Publisher: International Organizations Release date: Sep 2012

Type: Guideline

Topics: Supervisory framework, Supervisory structures, Capital adequacy, Risk management, Corporate governance

Sectors: Microfinance, Microinsurance, Banking

Core Principles for Effective Banking Supervision

Revised BCBS document combining Core Principles and assessment methodology

Basel Committee on Banking Supervision's revised set of 29 Core Principles for Effective Banking Supervision (BCPs) along with a revised assessment methodology. Principles 1 to 13 address supervisory powers, responsibilities and functions, focusing on effective risk-based supervision, and the need for early intervention and timely supervisory actions. Principles 14 to 29 cover supervisory expectations of banks, emphasizing the importance of good corporate governance and risk management, as well as compliance with supervisory standards.

Publisher: Global Standard-Setting Bodies Release date: Sep 2012

Type: Standard

Topics: Supervisory framework

Sectors: Banking

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Resources

382 records

Anti-Money Laundering and Terrorist Financing Measures and Financial Inclusion

HKMA Supervisory Policy - Supervisory Review Process

Consolidated Supervision Framework for Large Financial Institutions

Operationalising the Selection and Application of Macroprudential Instruments

Disclosure Framework and Assessment Methodology

Conflicts of Interest Between Asset Managers and their Customers: Identifying and Mitigating the Risks

Regulation and Supervision Supporting Inclusive Insurance Markets

BCBS Framework for Dealing with Domestic Systemically Important Banks

A Guide to Regulation and Supervision of Microfinance

Core Principles for Effective Banking Supervision

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