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International Monetary Fund

assumptions. This means that FSC should have different approaches as what to expect from liquidity management. AN 7 deals with interest rate risk arising from positions in the trading book and how to allocate capital for this type of exposure. The FSC risk based framework description of market risk includes interest rate risk in the banking book. Operational Risk is also a risk element under the risk group environment. The detailed description comprises exposures arising from processes and systems, exposures arising from change, exposures arising from firm

International Monetary Fund
Gibraltar’s Detailed Assessment Report of the Observance of the Basel Core Principles is examined. The principal risks are reputational risk, both for the Gibraltar authorities and for the banks, as the bulk of the assets managed are off the balance sheet with the investment risk carried by the client. Credit risk is largely limited to residential mortgage lending and is heightened by the rapid rise in prices both in Southern Spain and in Gibraltar itself.
International Monetary Fund

information Accounting framework Descriptions of the underlying accounting framework(s). Nature of the basic data Data sources, consolidation methodology, institutional coverage, and so on. Compilation practices Information on samples and surveys, statistical adjustments, methods of verifying data, and so on. Accounting and classification principles Time of recognition principles, valuation methods, classification of accounts, netting procedures, and so on. Differences in standards or practices from those recommended in the Guide should be

International Monetary Fund

. However, in the past many orphans went without receiving this entitlement because they, or their caretakers, were unaware of its existence or unable to access the welfare system. MTP III calls for greater coordination among agencies, in concert with the new Ministry of Women’s and Children’s Affairs, to raise awareness and insure widespread access to the orphan grants. However, the quantitative target in MTP III would still leave one in five orphans outside the social safety net. C. The Growth Accounting Framework Description of Framework 11. The past decade

International Monetary Fund. Asia and Pacific Dept

community of innovative and resourceful developers Nov-18 Project Castor Launched by the SC to test and research the feasibility of using blockchain technology for the underlying market infrastructure for unlisted and OTC markets, aiming to improve transparency and efficiency 2019 Orbit FinTech Hub Co-working space licensed by the MDEC to encourage FinTech activity Regulations Issued Date Framework Description Feb-15 Equity Crowdfunding (ECF) Framework Introduced requirements for the operations of ECF platform

International Monetary Fund. Asia and Pacific Dept
This Selected Issues paper investigates impact of financial technology (FinTech) on Malaysia’s financial sector. Malaysia is digitally enabled to seize the opportunities brought by FinTech. Malaysian banks continue to dominate in deposits, lending and capital raising, but they have been gradually reducing their emphasis on physical distribution networks. The top five Malaysian banks have increased their technology-related spending over the past three years. Regulators have been mindful of developments outside of the traditional regulatory perimeter that could pose financial stability risks. Rapidly evolving technology is likely to bring multiple challenges to the financial sector. Regulatory requirements are an important component of operating in the FinTech space. Regulators must strike a balance between ensuring financial stability and consumer protection, while promoting innovation and competition. In order to address the lack of regulatory acumen among FinTech industry players, Bank Negara Malaysia has spearheaded various initiatives. A key challenge for Malaysian regulators is to strike a balance between reaping the benefits of FinTech and mitigating potential downside risks in both conventional and Islamic finance. Frequent refinements to regulations and supervision are required to keep pace with the highly dynamic nature of FinTech to balance benefits and risks.
International Monetary Fund. Monetary and Capital Markets Department

collateral framework. Description The central bank discloses in the CMFR the type of monetary policy instruments, including open market operations, standing facilities, other facilities, reserve requirements, liquidity credit lines with collateral guarantee and currency swap contracts. The CBC publishes the rules, procedure, terms and conditions of the reserve requirement, where it specifies the type of institutions, the calculation of the obligations in national and foreign currency, remuneration, etc. Any changes to the regulation of the

International Monetary Fund. Monetary and Capital Markets Department
The Central Bank of Chile (CBC) has implemented broadly advanced transparency practices. This reflects the CBC’s strong public commitment to transparency, which is anchored in the law and has been designated by the CBC as a strategic objective to fulfill its mandate. This policy has earned the CBC the broad trust of its stakeholders and has paid significant dividends for the CBC in terms of safeguarding its autonomy and ensuring its policy effectiveness.
International Monetary Fund. Monetary and Capital Markets Department

is consistent with the prevailing legal framework. Description Comments Section 81 of BAFIA provides for the right of set-off in paying depositors although PIDM does not allow set-off under its rules. The Draft Financial Services Bill in Section 203 does not appear to require set-off. There is no right of set-off in the PIDM Act. Additional Criteria 2. In the event of a merger of separate banks that are members of the deposit insurance system, depositors of the merged banks enjoy separate coverage (up to the maximum coverage limit) for