promoting best practices for banking supervisionasbaweb.org/e-news/enews-59/jbs_59.pdf · tel. +52...

Journal of the 59

October – December, 2019

Banking Supervisor Promoting Best Practices for Banking Supervision

of the

Table of Contents Banking Regulation and Supervision

• Global Fintech Regulation and Supervision Practices (ASBA Publication)

• Governance Arrangements for Critical OTC Derivatives Data Elements

(other than UTI and UPI)

• Best Practices on Beneficial Ownership for Legal Persons

• FATF Methodology for Assessing Compliance with the FATF Recommendations and the

Effectiveness of AML/CFT Systems (Update 2019)

• Seventeenth Progress Report on Adoption of the Basel Regulatory Framework

• 2019 Resolution Report: “Mind the Gap”

Market Outlooks and Reviews

• Global Financial Stability Report: Lower for Longer

• Global Microscope 2019 The Enabling Environment for Financial Inclusion

• Regional Economic Outlook: Western Hemisphere. Stunted by Uncertainty

• 2020 Banking and Capital Markets Outlook: Fortifying the Core for the Next Wave of

Disruption

• Retail Banking 2020: Evolution or Revolution?

Research and Analysis

Climate Related Risks

i. Climate Risk and Financial Systems of Latin America: Regulatory, Supervisory and Industry Practices in the Region and Beyond

ii. Financing Climate Futures : Rethinking Infrastructure

iii. Macroeconomic and Financial Policies for Climate Change Mitigation: A Review of the Literature

iv. Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis

Regtech and Suptech. Technology for Authorities

i. The Use of Big Data Analytics and Artificial Intelligence in Central Banking

ii. The Suptech Generations

Regulation and Supervision of Fintech

i. Regulating Alternative Finance: Results From A Global Regulatory Survey

ii. Embedded Supervision: How to Build Regulation into Blockchain Finance

asbasupervision.com @ASBAnews Tel. +52 (55) 5662 0085,

[email protected]

http://www.asbasupervision.com/es/

https://twitter.com/ASBAnews/

mailto:[email protected]

Table of Contents


Cyber Risks and Data

i. Cybersecurity Risk Supervision

ii. Varying Shades of Red: How Red Team Testing Frameworks Can Enhance the Cyber Resilience of Financial Institutions.

iii. Cyber-Risk Oversight Handbook for Corporate Boards

Financial Inclusion and Consumer Protection

i. Core Competencies Framework on Financial Literacy for Investors

ii. Smarter Financial Education Key Lessons from Behavioural Insights for Financial Literacy Initiatives

iii. Good Practice Guide on Consumer Data

Contributions and News

ASBA Events

asbasupervision.com Tel. +52 (55) 5662 0085,

[email protected] @ASBAnews

• Banco Central de Argentina, Argentina

• Central Bank of Barbados, Barbados

• Banco Central Do Brasil, Brazil

• Comisión Nacional Bancaria y de Valores,

Mexico

• Comisión Nacional para la Protección y

Defensa de los Usuarios de Servicios Financieros, Mexico

• Superintendencia de Bancos, Ecuador

• Superintendencia de Bancos, Guatemala

• Bank of Guyana, Guyana

• Superintendencia de Bancos de Panamá

• Superintendencia de Banca Seguros y AFP,

Peru

• Banco Central del Uruguay, Uruguay


mailto:[email protected]

https://twitter.com/ASBAnews/




ASBA Events

4

Banking Regulation and Supervision

Governance Arrangements for Critical OTC Derivatives Data

Elements (other than UTI and UPI)

https://bit.ly/2QtqZ8E

In this report, the CPMI and IOSCO set out Governance Arrangements for the critical data elements other than the UTI and UPI (CDE Governance Arrangements). The CPMI and IOSCO acknowledge that CDE need to be implemented globally but also that the definitions, allowable values and also possibly the formats of CDE will need maintenance and governance in order to ensure that they remain up-to-date and evolve to reflect and support market practices and Authorities’ needs.

Bank for International

Settlements (BIS) and International Organization of

Securities Commissions(IOSCO)

Committee on Payments and

Market Infrastructures

October, 2019

Best Practices on Beneficial Ownership for Legal Persons

https://bit.ly/2FBI1eJ

Anonymous shell companies are one of the most widely used methods for laundering the proceeds of crime and corruption. New FATF Best Practices help countries get rid of the cloak of secrecy concerning the ultimate owner of a company, foundation, association or any other legal person, and prevent their misuse for crime and terrorism.

Financial Action Task Force

(FAFT) October, 2019

asbasupervision.com

Global Fintech Regulation and Supervision Practices

(ASBA Publication)

https://bit.ly/2QJxsLx

The purpose of this document is to compile and analyze global practices regarding the regulation and supervision of Fintech business models, products and services. To that end, it reviews the current regulatory and supervisory practices of financial authorities, building upon a survey distributed among ASBA members regarding Fintech-related regulations and approaches and other relevant documents. A total of 56 jurisdictions on all five continents were examined, including 11 within the ASBA membership.

Association of Supervisors of Banks of the Americas (ASBA)

and IDB-LAB

December, 2019






ASBA Events

5


FATF Methodology for Assessing Compliance with the FATF

Recommendations and the Effectiveness of AML/CFT Systems

https://bit.ly/2Qp5je1

This document refers to the 2013 FATF Methodology. The FATF conducts mutual evaluations of its members’ levels of implementation of the FATF Recommendations on an ongoing basis. These are peer reviews, where members from different countries assess another country. The FATF Methodology for assessing compliance with the FATF Recommendations

and the effectiveness of AML/CFT systems sets out the evaluation process.

asbasupervision.com

Financial Action Task Force (FATF)

October, 2019

Seventeenth Progress Report on Adoption of the Basel Regulatory

Framework

https://bit.ly/39HlpXP

This report sets out the adoption status of Basel III standards for each of the BCBS member jurisdiction as of end-September 2019. It updates the Committee’s previous progress reports, which have been published on a semiannual basis since October 2011.


Settlements (BIS)

Basel Committee on Banking

Supervision

October, 2019

2019 Resolution Report: “Mind the Gap”

https://bit.ly/35nRAYO

This resolution report provides an update on progress in implementing policy measures to enhance the resolvability of systemically important financial institutions and sets out plans for further work. The report concludes that authorities and firms need to be mindful of any remaining gaps as they work towards making resolution strategies and plans operational in all sectors.

Financial Stability Board (FSB)

November, 2019


6





ASBA Events

Global Financial Stability Report: Lower for Longer

https://bit.ly/2Qmwg1S

The 2019 Global Financial Stability Report identifies the current key vulnerabilities in the global financial system. Besides, the report proposes that policymakers mitigate these risks through (i) stricter supervisory and macroprudential oversight of firms, (ii) strengthened oversight and disclosure for institutional investors, and (iii) the implementation of prudent sovereign debt management practices and frameworks for emerging and frontier market economies.

asbasupervision.com

International Monetary Fund

(IMF)

October, 2019

Global Microscope 2019 The Enabling Environment for

Financial Inclusion

https://bit.ly/2QMnfy9

The 2019 Global Microscope analyzes the regulation and policies used by governments and regulatory institutions of 55 countries around the world to increase financial inclusion among their populations. The index focuses on regulation, political strategies and infrastructure. In addition, the document incorporates a specific gender perspective to better understand how financial inclusion policies affect women differently and how governments and regulators can reduce the gender gap in financial inclusion.

The Economist October, 2019


Regional Economic Outlook: Western Hemisphere.

Stunted by Uncertainty

https://bit.ly/39DP58l

The document describes the growth context that Latin America and the Caribbean (LAC) is going through. In general, the LAC region has decelerated from 2018 to 2019, although a rebound is presumed by 2020. This deceleration is due to external factors that continue to damage the region's perspectives and among them, (i) the slow world growth, (ii) moderate prices of commodities and the (iii) volatile capital flows. For its part, the report mentions the great uncertainty that exists around economic policies in some of the large countries that slow down growth further. To return to the progress, the document mentions that LAC economies will have to resort to internal sources of growth and restore the maneuvering margins of economic policies.

International Monetary Fund (IMF)

October, 2019


7





ASBA Events

asbasupervision.com

2020 Banking and Capital Markets Outlook: Fortifying the Core for

the Next Wave of Disruption

https://bit.ly/2QGKg5y

This document mentions the effects that technological innovation is having and will have on the banking industry. In general, the document shows that technology is making banking activities more open, transparent, real-time, intelligent, personalized, secure, integrated and deeply parallel in the lives of consumers and the operations of institutional clients. However, the document emphasizes that the entry of disruptive models should not change the main role of banks: matching demand with the supply of capital. Banks should go hand in hand with these technologies, focusing on strengthening: (i) technological infrastructure; (ii) their

data management, (iii) human capital and (iv) risk management.

Deloitte 2019

Retail Banking 2020: Evolution or Revolution?

https://pwc.to/36u2uOf

Powerful forces are reshaping the banking industry, creating an imperative for change. Banks need to choose what posture they want to adopt - to lead the change, to follow fast, or to manage for the present. Whatever their chosen strategy, leading banks will need to balance execution against 6 critical priorities and have a clear sense of the posture they wish to adopt. However, each of them is important, and success will come from a balanced execution across these priorities and a balance of tactical initiatives and longer-term programs, all coming together as an integrated whole.

PwC Global 2019


8





ASBA Events

Climate Related Risks

asbasupervision.com

Climate Risk and Financial Systems of Latin America: Regulatory,

Supervisory and Industry Practices in the Region and Beyond

https://bit.ly/2MTxgYY

The Inter-American Development Bank (IDB) launched a research program on the relationship between climate change and financial markets in the LAC region, beginning a dialogue with several regulators, central banks and supervisors, alongside an analytical effort that is presented in two parts: A Map of Financial Regulations and Industry Practices in Latin America; and an Analysis of International Practices in Using Supervisory and Regulatory Instruments, considering their replication potential in LAC.

Inter-American Development Bank (IADB)

Frisari, Giovanni Leo; Monnin, Pierre; Nakano, Chiemi;

Cárdenas, Víctor; Gallardo, Matías

December, 2019

Financing Climate Futures: Rethinking Infrastructure

https://bit.ly/2QmOHmW

The report explores six key transformative areas that will be critical to align financial flows with low-emission and resilient societies (planning, innovation, public budgeting, financial systems, development finance, and cities) and looks at how rapid socio-economic and technological developments, such as digitalization, can open new pathways to low-emission, resilient futures.

World Bank Group, Organisation for Economic Co

-operation and Development

(OECD) and UN Environment

Douglas Herrick, Kate Kooka,

et.al. October, 2019

Macroeconomic and Financial Policies for Climate Change Mitigation:

A Review of the Literature

https://bit.ly/35uIIAX

The question of the most effective policy mix for climate change mitigation remains relatively unexplored and is complex given the substantial uncertainties in this topic. It requires an understanding of policy objectives trade-offs and interactions, as well as political economy considerations. This literature review focuses on the roles that macroeconomic and financial policies can play in climate change mitigation, provides a menu of relevant macroeconomic and financial policy tools and instruments, and highlights the complexity of the policy challenge and the need for coordination of different policy areas for achieving mitigation efficiently and effectively.


Signe Krogstrup and

William Oman September, 2019


9





ASBA Events

asbasupervision.com

Long-Term Macroeconomic Effects of Climate Change:

A Cross-Country Analysis

https://bit.ly/2ZTssZ7

This document studies the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labor productivity is affected by country-specific climate variables—defined as deviations of temperature and precipitation from their historical norms.


Matthew E. Kahn, Kamiar Mohaddes, Ryan N. C. Ng, M.

Hashem Pesaran, Mehdi Raissi and Jui-Chung Yang

October, 2019

Regtech and Suptech. Technology for Authorities

The Use of Big Data Analytics and Artificial Intelligence in

Central Banking

https://bit.ly/2FrQpwZ

The analysis cover three main aspects: (i) an assessment of the main big data sources and associated analytical techniques that are relevant for central banks; (ii) the insights provided by big data for economic policy, with an overview of concrete central bank projects aiming at improving statistical information, macroeconomic analysis and forecasting, financial market monitoring and financial risk assessment; and (iii) the use of big data in crafting central bank policies, including organisational aspects and related challenges.

Bank for International Settlements (BIS)

Okiriza Wibisono, Hidayah

Dhini Ari, Anggraini

Widjanarti, Alvin Andhika Zulen and Bruno Tissot

October, 2019

The Suptech Generations

https://bit.ly/2Fsb30e

Financial authorities' use of technology has evolved over the years, leading to different generations of technology that culminate in what the paper considers as suptech. Suptech refers to the application of big data or artificial intelligence (AI) to tools used by financial authorities. This paper examines these developments by analyzing suptech initiatives in 39 financial authorities globally.

Financial Stability Institute

(FSI)

Simone di Castri, Stefan Hohl,

Arend Kulenkampff and Jermy Prenio

October, 2019






ASBA Events

asbasupervision.com

Regulation and Supervision of FinTech

Regulating Alternative Finance: Results From A Global Regulatory

Survey

https://bit.ly/35yzIed

This report details the key findings from a global regulatory survey that was jointly conducted by the World Bank and the University of Cambridge Judge Business School. The study comprehensively and comparatively analyze how regulators from both developing and developed economies are regulating and supervising online alternative finance activities. The report focuses on peer-to-peer lending, equity crowdfunding and initial coin offerings, which constitute a rapidly growing segment of fintech for meeting credit, savings and investment needs. Survey findings informing this report are based on responses from regulators in 111 jurisdictions across the world.

World Bank Group and

University of Cambridge 2019

Embedded Supervision: How to Build Regulation into Blockchain

Finance

https://bit.ly/2QTFsJQ

The spread of distributed ledger technology (DLT) in finance could help to improve the efficiency and quality of supervision. This paper makes the case for embedded supervision, i.e. a regulatory framework that provides for compliance in tokenised markets to be automatically monitored by reading the market’s ledger, thus reducing the need for firms to actively collect, verify and deliver data. After sketching out a design for such schemes, the paper explores the conditions under which distributed ledger data might be used to monitor compliance.


Settlements (BIS)

Raphael Auer September, 2019

10






ASBA Events

asbasupervision.com 11

Cyber Risks and Data

Cybersecurity Risk Supervision

https://bit.ly/2tvC7ZN

This paper highlights the emerging supervisory practices that contribute to effective cybersecurity risk supervision, with an emphasis on how these practices can be adopted by those agencies that are at an early stage of developing a supervisory approach to strengthen cyber resilience. Financial sector supervisory authorities the world over, are working to establish and implement a framework for cyber risk supervision. Cyber risk often stems from malicious intent, and a successful cyber attack—unlike most other sources of risk—can shut down a supervised firm immediately and lead to systemwide disruptions and failures.

International Monetary Fund

(IMF)

Tamas Gaidosch, Frank

Adelmann, Anastasiia

Morozova, Christopher Wilson September, 2019

Varying Shades of Red: How Red Team Testing Frameworks Can

Enhance the Cyber Resilience of Financial Institutions

https://bit.ly/2QWRJ0u

This paper aims to facilitate deeper understanding by financial sector authorities on different existing approaches that authorities have pursued in establishing red team testing frameworks. The paper is based on information provided by eight financial authorities and selected private sector players. It describes key components of a red team testing framework, compares existing frameworks, outlines the benefits and challenges of such frameworks, and highlights potential crossborder issues relating to red team testing.

Financial Stability Institute

(FSI)

Raymond Kleijmeer, Jermy

Prenio and Jeffery Yong

November, 2019

Cyber-Risk Oversight Handbook for Corporate Boards

https://bit.ly/2ZXinug

The Organization of American States (OAS) and the Internet Security Alliance (ISA) made modifications to the Manual of Cyber Risk Supervision for Corporate Boards (presented in 2014) in order to adapt it to the reality and unique needs of the region of Latin America and the Caribbean. This document includes good practices and lessons learned from corporate boards, academia, government and senior management in the región, in order to improve and help organizations protect themselves from cyber threats and provide better information protection.

Organization of American States (OAS)

2019






ASBA Events

asbasupervision.com

Core Competencies Framework on Financial Literacy for Investors

https://bit.ly/39IIb1B

This Framework is aimed at providing jurisdictions with an important tool to support the development and implementation of investor education initiatives. The Framework could also provide guidance on areas that should be covered in investor education, help guide the content of investor education initiatives, and indicate

areas to be assessed as part of an evaluation strategy.

International Organization of

Securities Commissions (IOSCO) and Organisation for

Economic Co-operation and Development (OECD)

September, 2019

Smarter Financial Education: Key Lessons from Behavioural Insights

for Financial Literacy Initiatives

https://bit.ly/2QsDoJV

This document gives a short overview of the ways in which behavioral insights are relevant for financial education (FE) and summarizes five key lessons that policy makers can follow: (i) financial educational content focused, straightforward and simple to understand; (ii) more customized FE programs; (iii) design programs that help people take actions; (iv) consider using digital channels to facilitate the application of behavioral insights, and (v) application of existing behavioral frameworks to design behaviorally informed programs.

Organisation for Economic Cooperation and

Development (OECD)

September, 2019

Good Practice Guide on Consumer Data

https://bit.ly/2T15Q7p

This paper aims to complement the OECD Recommendation on Consumer Protection in E-Commerce and discuss consumer policy issues associated with consumer data practices, offering greater insights into how consumer protection authorities can and have applied the principles in the Recommendation to address those issues. The guide focuses on selected consumer data practices including: (i) deceptive representations about consumer data practices; (ii) misrepresentations by omission; and (iii) unfair consumer data practices. It then provides key business tips to comply with consumer protection principles under the E-commerce Recommendation.

Organisation for Economic Cooperation and

Development (OECD)

September, 2019

12

Financial Inclusion and Consumer Protection


13





ASBA Events

We requested information on prudential and non-prudential financial regulation issued by member institutions of ASBA in the third and fourth quarter of the year. We include a brief summary of these regulations and the link to the documentation, if it is of public nature.

This compilation is an effort to expand communication and understanding among the countries of the Americas on approaches used to address various issues that are of joint interest in financial regulation.

Regulation information, third and fourth quarter of 2019

asbasupervision.com

Banco Central de Argentina, Argentina

1. Efectivo Mínimo (From July 1 to December 15, 2019)

Las normas sobre “Efectivo mínimo” tienen como objetivo regular la liquidez de las entidades fi-

nancieras. En ese sentido, establecen una exigencia de encaje para los depósitos y otras obligacio-

nes por intermediación financiera de las mismas.

More information: https://bit.ly/2sIqkr3

2. “Posición global neta de moneda extranjera” (From July 1 to December 15, 2019)

Con el objeto de reducir la exposición al riesgo de tipo de cambio, se establecen límites a los

riesgos de descalce de la posición neta (positiva y negativa) de moneda extranjera de las entidades

financieras.

More information: https://bit.ly/2QrT4Nu

3. “Distribución de resultados” (From July 1 to December 15, 2019)

Las normas sobre "Distribución de resultados" prevén la metodología que deben aplicar los

intermediarios financieros para distribuir sus resultados para que no se vea afectada su liquidez y

solvencia.

More information: https://bit.ly/2rXUzJW

4. “Política de crédito” (From July 1 to December 15, 2019)

Las normas sobre “Política de crédito” tienen como objetivo regular la operatoria crediticia de las

entidades financieras, la cual deberá estar orientada a financiar la inversión, la producción, la

comercialización, el consumo de los bienes y servicios requeridos tanto por la demanda interna

como por la exportación del país o las inversiones directas en el exterior realizadas por empresas

residentes en el país.

More information: https://bit.ly/2FmaG7n

5. NIIF (IFRS) (From July 1 to December 15, 2019)

A partir de los ejercicios iniciados el 1.1.18, las entidades comenzaron a registrar sus operaciones y

variaciones patrimoniales y elaborar sus estados financieros de acuerdo con la NIIF, con la única

excepción transitoria del punto 5.5 "Deterioro de Valor" de la NIIF Nº 9 "Instrumentos Financieros",

el cual comenzará a regir a partir del 20/01/20.

More information: https://bit.ly/2Qs04tW


14





ASBA Events

asbasupervision.com

Central Bank of Barbados, Barbados

No financial regulations were issued during the third and fourth quarter of 2019.

Banco Central Do Brasil, Brazil

1. Resolución n°4.749 (Issued on 29/8/2019)

Modifica la Resolución No. 4,733 del 27 de junio de 2019, que establece las condiciones de emisión

de Facturas Financieras por parte de las instituciones financieras que especifica.

More Information: https://bit.ly/2ZWSVoy

2. Resoluçión n°4.748 (Issued on 29/8/2019) Establece los criterios para la medición del valor razonable de los activos e ingresos por parte de

las instituciones financieras y otras instituciones autorizadas para operar por el Banco Central de

Brasil.

More Information: https://bit.ly/2FvFpP7

3. Resolución n°4.765 (Issued on 27/11/2019)

Establece y aclara el sobregiro otorgado por las instituciones financieras a la cuenta de depósitos a

la vista mantenida por personas físicas y microempresarios individuales (MEI).

More Information: https://bit.ly/2tBk5oI

4. Resolución n°4.753 (Issued on 26/9/2019) Provee normativa para abrir, mantener y cerrar cuentas de depósito.

More Information: https://bit.ly/35vxJXK

5. Resolución n° 4.752 (Issued on 26/9/2019)

Modifica la Resolución No. 4,658 del 26 de abril de 2018, que establece la política de

ciberseguridad y los requisitos para contratar el procesamiento y almacenamiento de datos y los

servicios de computación en la nube que deben cumplir las instituciones financieras y otras

instituciones autorizadas para operar por el Banco Central de Brasil.

More Information: https://bit.ly/37HuK04

Document

Financial Stability Report

The Financial Stability Report (FSR) is a semiannual publication issued by the Banco Central do Bra-

sil (BCB) that presents an overview of recent developments and the outlook on financial stability in

Brazil, focusing on the main risks and on the domestic financial system resilience, as well as con-

veys the Financial Stability Committee (Comef) view on the policy and measures to preserve finan-

cial stability. The current edition covers the first half of 2019, highlighting more recent events

when relevant.

More Information: https://bit.ly/2N5qr6E



https://www.bcb.gov.br/estabilidadefinanceira/exibenormativo?tipo=Resolução&numero=4749



15





ASBA Events

asbasupervision.com

Comisión Nacional Bancaria y de Valores, Mexico

1. Resolución que modifica las Disposiciones de carácter general aplicables a las instituciones de

crédito (Issued on 25/11/19)

Se modifican las Reglas de carácter general con el propósito de que las instituciones de crédito

puedan celebrar contratos de comisión mercantil con instituciones de asistencia privada y

sociedades o asociaciones que otorguen préstamos con garantía prendaria que pertenezcan a su

mismo consorcio o grupo empresarial, incluyendo las denominadas comúnmente "casas de empeño".

More information: https://bit.ly/2MXKEez

2. Resolución modificatoria de la Resolución que modifica las disposiciones de carácter general que

establecen los criterios de contabilidad a los que se sujetarán los participantes del mercado de

contratos de derivados (Issued on 4/11/19)

Se extiende la entrada en vigor de la incorporación de ciertas Normas de Información Financiera

emitidas por el Consejo Mexicano de Normas de Información Financiera, A.C., a las normas

contables que resulten aplicables a las cámaras de compensación y socios liquidadores que

participen en los mercados de contratos de derivados cotizados en bolsa, a fin de que estén en

posibilidad de ajustar sus sistemas de información contable.

More information: https://bit.ly/39GCcdA

3. Resolución modificatoria de la Resolución que modifica las disposiciones de carácter general

aplicables a las actividades de las sociedades cooperativas de ahorro y préstamo, publicada el 23

de enero de 2018. (Issued on 4/11/19)

Se extiende la entrada en vigor de la incorporación de ciertas Normas de Información Financiera

emitidas por el Consejo Mexicano de Normas de Información Financiera, A.C., a las normas

aplicables a la elaboración de la contabilidad de las sociedades cooperativas de ahorro y préstamo

con nivel de operaciones I a IV, a fin de que estén en posibilidad de ajustar sus sistemas de

información contable.

More information: https://bit.ly/2FsovkF

4. Resolución modificatoria de la Resolución que modifica las disposiciones de carácter general

aplicables a los almacenes generales de depósito, casas de cambio, uniones de crédito y sociedades

financieras de objeto múltiple reguladas, publicada el 23 de enero de 2018 (Issued on 4/11/19)

Se extiende la entrada en vigor de la aplicación de Normas de Información Financiera emitidas por

el Consejo Mexicano de Normas de Información Financiera, A.C., a las normas aplicables a la

elaboración de la contabilidad de los almacenes generales de depósito, casas de cambio,

sociedades financieras de objeto múltiple reguladas y uniones de crédito, a fin de que estén en

posibilidad de ajustar sus sistemas de información contable.

More information: https://bit.ly/2FqL35b

Comisión Nacional para la Protección y Defensa de los Usuarios de los Servicios

Financieros (CONDUSEF), Mexico

No financial regulations were issued during the third and fourth quarter of 2019.



16





ASBA Events

asbasupervision.com

Superintendencia de Bancos, Ecuador

1. Resolución 544-2019-F. “Título II, Capítulo L, del Libro I de la Codificación expedida por la Junta

de Política y Regulación Monetaria y Financiera” (Issued on 30/10/19)

Programa de crédito para las entidades del sector financiero público.

More information: https://bit.ly/2ZYQth8

2. Resolución 533-2019-F. “Subsección III, Sección II, Título I, Capítulo XI, del Libro I de la

Codificación expedida por la Junta de Política y Regulación Monetaria y Financiera”

(Issued on 04/24/19)

Sistema de Tasas de Interés y Tarifas del Banco Central del Ecuador en lo relativo a tasas de interés

para operaciones activas y pasivas.

More information: https://bit.ly/2FwPtaA

3. Resolución SB-2019-1010. “Normas de control para determinar el costo que genera la entrega de

información electrónica” (Issued on 25/10/19)

Contar con una normativa actualizada y acorde a las disposiciones legales vigentes, para determi-

nar el costo que genera la entrega de información electrónica.

More information: https://bit.ly/39PkyEn

Superintendencia de Bancos, Guatemala

1. Oficio Circular No. 8174-2019 (Issued on 29/08/19)

Se amplían los plazos para el programa de implementación del nuevo marco contable de conformi-

dad con Normas Internacionales de Información Financiera -NIIF- indicado en el Oficio Circular

No.3786-2019; se requiere nombrar a un coordinador responsable del proceso de implementación y

se solicita reportes de avances.

Document

La Gestión del Riesgo de Mercado como una Herramienta Gerencial en la Banca

Autor: Edgar René Guevara Recinos

Este documento describe las fuentes de riesgo de mercado mencionadas por el Comité de Basilea y

describe algunos métodos relacionados con la medición de los riesgos asociados.

More information: https://bit.ly/35vRZIQ



17





ASBA Events

asbasupervision.com

Bank of Guyana, Guyana

1. Supervision Guideline 12: Money Transfer Agencies (MTAs) and Cambios

This Guideline is issued in accordance with section 22 (2) (b) of the Anti-Money Laundering and

Countering the Financing of Terrorism (AML/CFT) Act 2009. The Guideline provides guidance on

what is required to implement an adequate AML/CFT compliance risk-based framework within each

money transfer agency (MTA).

More information: https://bit.ly/2undGhj

2. Supervision Guideline 14: Capital Adequacy Framework

This guideline provides a framework for the constituents of capital in line with the Basel II/III

Minimum Capital Requirements on credit, market and operational risks, by outlining the

characteristics that an instrument must have in order to qualify and the adjustments to be made in

determining the regulatory capital of all licensees.

More information: https://bit.ly/35vRLBu

Superintendencia de Bancos de Panamá, Panama

1. Acuerdo 7-2019.“Supervisión de nuevos sujetos obligados para prevenir el blanqueo de capitales,

financiamiento al terrorismo y financiamiento de la proliferación de armas de destrucción

masiva” (Issued on 02/07/19)

Respecto a las medidas para prevenir el blanqueo de capitales, financiamiento al terrorismo y

financiamiento de la proliferación de armas de destrucción masiva, corresponde a la

Superintendencia de Bancos regular y supervisar a nuevos sujetos obligados: empresas financieras;

empresas de arrendamiento financiero; empresas de factoraje; emisores o procesadores de tarjetas

de débito, crédito y pre-pagadas; entidades emisoras de medios de pago y dinero electrónico; ser-

vicios corporativos realizados por empresas fiduciarias; sociedades de ahorros y préstamos para la

vivienda; Banco de Desarrollo Agropecuario; Banco Hipotecario Nacional.

More information: https://bit.ly/2QrtecD

2. Acuerdo 8-2019.“Gobierno Corporativo” (Issued on 12/08/19)

Actualización de disposiciones sobre Gobierno Corporativo: bancos deberán designar como mínimo

un treinta por ciento de mujeres en la totalidad de los cargos de directores de Junta Directiva.

More information: https://bit.ly/2N0tkWu

3. Acuerdo 9-2019.“Normas Técnicas de Contabilidad” (Issued on 24/10/19)

Se establece que las normas técnicas de contabilidad serán exclusivamente las Normas

Internacionales de Información Financiera (NIIF) emitidas por el Consejo de Normas Internacionales

de Contabilidad (IASB por sus siglas en inglés) para los bancos establecidos en Panamá.

More information: https://bit.ly/35tcc1V



18





ASBA Events

asbasupervision.com

Superintendencia de Bancos de Panamá, Panama

4. Acuerdo 10-2019.“Límites de Concentración de Riesgos a Grupos Económicos y Partes

Relacionadas” (Issued on 24/10/19)

Se establecen normas para límites de Concentración de Riesgos a Grupos Económicos y Partes

Relacionadas.

More information: https://bit.ly/2sRQo2P

5. Acuerdo 11-2019.“Riesgo de Crédito” (Issued on 01/10/19)

Se establecen disposiciones sobre la gestión y administración del riesgo de crédito para préstamos

hipotecarios de vivienda y los préstamos de consumo con garantías inmuebles y préstamos

corporativos con garantías inmuebles.

More information: https://bit.ly/35wJqxo

6. Acuerdo 12-2019.“Inversiones en valores” (Issued on 15/10/19)

Disposiciones sobre las inversiones en valores para bancos oficiales, bancos de licencia general y

bancos de licencia internacional.

More information: https://bit.ly/2SYFJhB

7. Acuerdo 13-2019.“Tarifas Servicios Especiales” (Issued on 19/11/19)

Actualización de las tarifas de cobros por servicios especiales a fiduciarias.

More information: https://bit.ly/36x8CW6

Superintendencia de Banca, Seguros y AFP, Peru

1. Decreto de Urgencia N°13-2019. “Control Previo de Operaciones de Concentración

Empresarial” (Issued on 18/11/19)

Establece un régimen de control previo de operaciones de concentración empresarial con la

finalidad de promover la eficiencia económica en los mercados para el bienestar de los

consumidores.

More information: https://bit.ly/2Qt8fWF

2. Resolución SBS N° 4838-2019. “Hipoteca Inversa” (Issued on 17/10/19)

Se emite Reglamento de la Hipoteca Inversa.

More Information: https://bit.ly/37MUgkF

3. Resolución SBS N° 5570-2019. Se modifican diversos artículos del Reglamento de Tarjetas de

Crédito y Débito.

Adecuar el marco normativo vigente del uso de las tarjetas de crédito y débito al

entorno de innovación tecnológica: se reconoce a las tarjetas como instrumentos de pago que

pueden tener soporte físico o representación electrónica o digital; se reconoce que para las líneas

paralelas como financiamientos adicionales se debe entregar la información al usuario y separada

de la información de la tarjeta de crédito; empresas deben ofrecer activación de servicios de

notificaciones y se reconocen supuestos de responsabilidad de empresas sobre operaciones no

reconocidas.

More information: https://bit.ly/2QSlNtP



19





ASBA Events

asbasupervision.com

Superintendencia de Banca, Seguros y AFP, Perú

4. Resolución SBS N° 5646-2019. “Seguro de Depósitos Cooperativo” (Issued on 29/11/19)

Se emite el Reglamento del Fondo de Seguro de Depósitos Cooperativo, que establece la regulación

del funcionamiento y operaciones del Fondo de Seguro de Depósitos Cooperativo (FSDC), al cual es

obligatoria su afiliación para aquellas Cooperativas de Ahorro y Crédito no autorizadas a captar

recursos del público (Coopac) que capten depósitos de sus socios.

More information: https://bit.ly/37KneBF

Banco Central del Uruguay, Uruguay

1. Proyecto Normativo. “Adecuación de requerimientos de capital por riesgo operacional”.

(Issued on 8/13/2019)

Proyecto normativo que sustituye el Indicador Básico (basado en los Resultados Brutos) por el

Indicador del Negocio y se incorpora un requerimiento de información anual sobre el requerimiento

de capital por riesgo operacional en base individual y consolidada.

More information: https://bit.ly/2QuRkDp

2. Proyecto Normativo. “Registro de operaciones Over The Counter. (Issued on 8/21/2019)

Proyecto normativo que introduce la obligatoriedad para los Intermediarios de Valores e Inversores

Especializados de reportar las operaciones extrabursátiles que realicen, a una entidad autorizada a

tales efectos, para su registro y divulgación.

More information: https://bit.ly/39JDtRc

3. Propuesta de Reglamentación. “Reglamentación de los Registros que deben mantener los Inter-

mediarios de Valores, Asesores de Inversión, Gestores de Portafolios e Instituciones de Intermedia-

ción Financiera que realicen intermediación en valores, asesoramiento en inversiones o gestión de

portafolios” (Issued on 10/4/2019)

El proyecto contempla los nuevos registros incorporados en la Recopilación de Normas del Mercado

de Valores (RNMV) y en la Recopilación de Normas de Regulación y Control del Sistema Financiero

(RNRCSF) para aseosramientos y referenciamientos realizados; instrucciones cursadas a

intermediarios de valores; certificados de legitimación emitidos a solicitud de clientes y valores

inscriptos por el intermediario de valores/institución en los registros de las entidades registradas.

More information: https://bit.ly/35pWpRH and https://bit.ly/2rZKMDb

4. Proyecto Normativo. “Tercerizaciones de servicios” (Issued on 10/7/2019)

Proyecto Normativo que introduce modificaciones en el régimen de autorizaciones para la

tercerización de servicios.

More information: https://bit.ly/2tEFoWr



DISCLAIMER / COPYRIGHT Published by the Association of Supervisors of Banks of the Americas (ASBA). Its headquarters are located at C. Picacho Ajusco #238 Int. 601 Col. Jardines en la Montaña, Mexico City, Zip Code 14210, Mexico. To subscribe to this Newsletter send an email to [email protected] or call (5255) 5662-0085. Reproduction in whole or in part is prohibited without prior permission from ASBA. The information has been obtained by ASBA from sources deemed as reliable and, in most cases, publicly available or provided by an Associate Member. However, given the possibility of human and/or mechani-cal error from our sources, ASBA does not guarantee the accuracy, adequacy or completeness of any information. ASBA is not responsible for errors, omissions, or the results from using such information. The opinions and assertions contained in articles and documents published by individual authors are the sole responsibility of the authors, and do not represent the opinion of the Association of Supervisors of Banks of the Americas, its Board of Directors or the General Secretariat. ASBA reserves the right to release documents to the supervisory community in the Region, and it does not receive any payment for doing so.





ASBA Events

Subscribe to our Journal or send us comments and suggestions: Email us at [email protected]

or Call +52 (55) 5662-0085

Visit Our Website at:

http://www.asbasupervision.com/

Follow us on Twitter: https://twitter.com/ASBAnews/

20

Institutional Events

XCIII Session of the Board of Directors

January 30 - 31, 2020.

Mexico City, Mexico.

Workshop Meeting

How to build a curriculum for banks’ supervisors in the region

February 10 - 12, 2020.

Miami, Florida.

Courses

Bank Analysis and Examination School

March 23 - 27, 2020.

Lima, Peru.

http://www.asbasupervision.com/en/capacity-development/continental-training-program/liquidity-risk-management-seminar

http://www.asbasupervision.com/en/capacity-development/continental-training-program/liquidity-risk-management-seminar

http://www.asbasupervision.com/es/desarrollo-de-capacidades/programa-de-capacitacion-continental/riesgo-tecnologico-y-ciberseguridad

http://www.asbasupervision.com/es/desarrollo-de-capacidades/programa-de-capacitacion-continental/riesgo-tecnologico-y-ciberseguridad

promoting best practices for banking supervisionasbaweb.org/e-news/enews-59/jbs_59.pdf · tel. +52...

Documents