Recent regulatory changes for financial institutions that impact reporting in your region — highlighted by AxiomSL’s subject-matter experts.
North America
CSA – announces a collaborative project on the responsible use of artificial intelligence
April 6, 2021 - CSA Que announced collaboration with research laboratory Algora Lab (University of Montreal) and CIRANO, on responsible use of artificial intelligence in the financial sector...
FDIC – Guidance on Consolidated Reports of Condition and Income for First Quarter 2021 (Call Reports)
April 4, 2021 - FDIC issued letter on upcoming deadlines for the call reports. Reiterated agencies' interim final rule, to determine asset thresholds, and highlighted the December 2020...
OCC – Company-Run Annual Stress Test Reporting Template and Documentation for Covered Institutions with Total Consolidated Assets of $250 Billion or More under the Dodd-Frank Wall Street Reform and Consumer Protection Act
April 2, 2021 - The OCC, seeking public comments on the final version of revisions proposed to a regulatory reporting requirement for national banks and federal savings associations...
US Treasury – Request for Comments related to Treasury International Capital (TIC) Form SHL/SHLA, “Survey of Foreign-Residents’ Holdings of U.S. Securities, including Selected Money Market Instruments” and TIC SHC/SHCA “Survey of U.S. Ownership of Foreign Securities Including Selected Money Market Instruments”
March 31, 2021 - The Department of the Treasury invites public comments on the revision of currently approved information collections. The Office of International Affairs of the...
US and EU Agencies – Statement on the US-EU Joint Financial Regulatory Forum
March 29, 2021 - Participants held a joint financial regulatory forum, to discuss both emerging risks and key priorities, such as AML, crypto assets, climate finance...
IIROC and CSA – Staff Notice 21-329 – Guidance Crypto-Asset Trading Platforms: Compliance with Regulatory Requirements
March 29, 2021 - Covers how securities legislation applies to crypto-asset trading platforms facilitating trading of crypto assets that are securities, or instruments, contracts involving crypto assets...
US Agencies – Seek a wide range of views on financial institutions’ use of Artificial Intelligence (AI) and Machine Learning (ML)
March 29, 2021 - Agencies issued request for information (RFI), to understand the broadening use of AI and ML, in activities related to fraud prevention, customer service, and underwriting...
Federal Reserve Board – FR 2052a, FR Y-9C, FR Y-7N/S, FR Y-14Q, FR 2314, FR Y-11 and more
March 26 - April 2, 2021 - FR 2052a - Complex Institution Liquidity Monitoring Report. Draft OMB supporting statement, draft reporting instructions, draft appendices, and initial Federal...
IASB – proposes a new approach that opens the way to better communication in the Notes in Financial Statements
March 25, 2021 - The notes found in many financial statements sometimes include too little relevant information, too much irrelevant information, and information disclosed ineffectively...
FINRA Announces Updates to the Interpretations of FINRA’s Margin Rule for Day Trading
March 24, 2021 - FINRA Rule 4210 specifies margin requirements for securities held in margin accounts, including both strategy-based margin accounts and portfolio margin accounts...
Europe, the Middle East and Africa
ESAs Consult on Product Disclosures Aligned with EU Taxonomy Regulation
March 17, 2021 -The ESAs launched Consultation Paper on draft RTS on disclosures of financial products investing in environmentally sustainable economic activities...
EBA Published Discussion Paper on Integrated Reporting
March 11, 2021 -EBA published a discussion paper on the feasibility study of an integrated reporting for collecting statistical, resolution and prudential data.
Bank of England Published CP5/21 Implementation of Basel Standards
Februry 12, 2021 -BoE published CP5/21 on PRA’s proposed rules of the implementation of international Basel standards through PRA CRR rule instrument.
The Bank of Spain Published Circular 1/2021 on Central Risk Information Center (CIRBE)
January 31, 2021 saw the entry into force of the BdE's Circular 1/2021, modifying Circular 1/2013...
ESAs Published Final Draft on Intra-Group and Risk Concentration Templates under FICOD
January 18, 2021 -The ESAs submitted to the European Commission the final draft ITS under FICOD on IGT and RC...
EBA Published Final Draft RTS on Treatment of Non-Trading Book Positions Subject to Foreign Exchange Risk or Commodity Risk under FRTB
December 03, 2020 -The EBA Published Final Draft RTS on Treatment of Non-Trading Book Positions Subject to Foreign Exchange Risk or Commodity.....
The Bank of England Moves Data Collection from OSCA to BEEDS
November 25, 2020 -The BoE’s Data and Statistics Division (DSD) is planning to move the data collection from the OSCA to the BEEDS.....
ESAs Consult on the Reporting of Intra-Group Transactions and Risk Concentration for Financial Conglomerates
November 18, 2020 -The EBA, EIOPA and ESMA consult on the reporting of intra-group transactions and risk concentration for Financial Conglomerates....
FCA Published Joint Statement on IFPR and Basel III
November 16, 2020 - The FCA and the PRA published a joint statement on changes in the planned timelines for introducing the UK’s IFPR....
ACPR Published Draft Version of RUBA Taxonomy v1.00
November 11, 2020 -The ACPR published RUBA v1.0.0 PWD2 (draft version) which will replace the SURFI taxonomy (Surfi Principale v1.23 and annexes)....
Asia Pacific
APRA to recommence public consultations on select policy reforms and begin a phased resumption of the issuing of new licenses
Aug 10, 2020 - APRA to recommence public consultations on select policy reforms and begin a phased resumption of the issuing of new licenses..
APRA issues guidance to ADIs on long term planning of capital management
Jul 29, 2020 - APRA issues guidance to ADIs on long term planning of capital management..
Taiwan Central bank increased the maximum amount of bank loans for SMEs
Jul 22, 2020 - Taiwan Central bank increased the maximum amount of bank loans for SMEs...
JFSA issued finalized ordinance in regards to asset managers support
Jul 22, 2020 - JFSA issued finalized ordinance in regards to asset managers support..
CRS submissions for Indonesia have been delayed
Jul 20, 2020 - CRS submissions for Indonesia have been delayed ...
South Korea issued amendments to the FATCA and CRS regulations
Jul 20, 2020 - South Korea issued amendments to the FATCA and CRS regulations...
HKMA highlighted Basel revision to CVA framework
Jul 14, 2020 - HKMA highlighted Basel revision to CVA framework..
APRA has provided additional guidance on the temporary capital treatments to loans granted repayment deferrals
Jul 9, 2020 - APRA has provided additional guidance on the temporary capital treatments to loans granted repayment deferrals..
HKMA confirmed that the March 2020 reduction of the Countercyclical buffer remains unchanged
Jul 7, 2020 - HKMA confirmed that the reduction of the Countercyclical buffer remains unchanged..
FSC issued rules on disclosure of capital adequacy
Jul 6, 2020 - FSC issued rules on disclosure of capital adequacy...
Latin America
BANXICO – Circular 1/2021
February 25, 2021 - The Governing Board of Banco de México announces that Banco de México will maintain extension to September 30, 2021 and...
CNBV – RESOLUTION that modifies the general provisions for Credit Institutions
December 7, 2020 - The entry into force of transitory articles FIRST, THIRD, FIFTH, SEVENTH, EIGHTH, NINTH and TENTH is modified; and REPEAL the...
CNBV – Resolution modifying the general provisions applicable to Credit Institutions.
November 19, 2020 - In order to align with the standards of the Basel Committee, and that credit institutions have a more precise and...
CNBV – Format to inform the signing of information exchange agreements
November 13, 2020 - Entities that are part of financial groups in terms of the Law to Regulate Financial Groups may exchange information with...
BANXICO – New section in RC´S reports
November 13, 2020 - According to what is published in the supporting document for the generation of RC's of Banco de Mexico, this section...
BCRA – Adaptations to the financing line for the productive investment of MSMEs
November 12, 2020 - BCRA establishes the operational guidelines for the granting of the productive investment line of MiPyMe, the required financing, also establishes...
BANXICO – Update to the document “FORMULARIO ACLME-PD”
October 29, 2020 - As part of the process of updating circular 3/2012 “ACLME – PD", Banco de México issued new rules for the generation...
BANXICO – Circular 38/2020
October 9, 2020 - Banco de México has modified from article 2 the subparagraphs a) and f) of the definition of Money Market Assets...
BCRA Communication “A” 7126 Ref: Circular CAMEX 1 – 864
October 2, 2020 - The BCRA adopted the following resolution through Communication "A" 7126: 1) Establish the prior agreement of this BCRA for access...
BCRA Communication “A” 7123 Ref: Circular CAMEX 1 – 863
October 1, 2020 - The BCRA adopted the following resolution effective as of October 2, 2020 through Communication "A" 7123: 1) Introduces changes in...