Bank Report published for the month of October 2023

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• En octubre la actividad de intermediación financiera del conjunto de entidades con el sector privado se reflejó en un aumento mensual del saldo real de crédito en pesos. En términos del rol del sistema en proveer servicio de pagos, en el mes los instrumentos de pago electrónico mantuvieron un patrón ascendente. En este marco

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BIS and Central Bank Partners to Explore Protocols for Embedding Policy and Regulatory Compliance in Cross-border Transactions

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Project Mandala looks to automate compliance procedures, provide real-time transaction monitoring and increase transparency and visibility around country-specific policies. The project explores the feasibility of encoding policy and regulatory requirements into a common protocol. It is a joint collaboration between BIS Innovation Hub (BISIH) Singapore Centre, Reserve Bank of Australia (RBA), Bank of Korea (BOK)

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ESAs publish Joint Committee Work Programme for 2024

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The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) publishes today its Work Programme for 2024, outlining the areas of work and planned deliverables in 2024. During the year 2024, the Joint Committee will focus on the following areas: consumer and investor protection, operational resilience, financial conglomerates, and securitisation.

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Reserve Bank of India constitutes an external Working Group on Expected Credit Loss (ECL) based Framework for Provisioning by Banks

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RBI had released the Discussion Paper on "Introduction of Expected Credit Loss Framework for Provisioning by Banks" on January 16, 2023, soliciting inputs from all stakeholders. The ECL approach to provisioning is a paradigm shift from the current incurred loss-based provisioning regime. The Discussion Paper envisages a forward looking, principle-based framework for provisioning for credit

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