BIPRU 8 Annex 6 Non–EEA regulators' requirements deemed CRD-equivalent for individual risks
Part 1 (Non–EEA banking regulators' requirements deemed CRD-equivalent for individual risks) |
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Regime regulators |
Market risk |
Credit risk |
Operational Risk |
USA Office of the Comptroller of the Currency Board of Governors of the Federal Reserve System * a US banking subsidiary will be deemed equivalent for credit risk if:
|
√ √ |
X* X* |
X X |
Australia Australian Prudential Regulation Authority [APRA] |
√ |
√ |
X |
Canada Office of the Superintendent of Financial Institutions [OSFI] |
√ |
√ |
√ |
Switzerland Swiss Federal Banking Commission [EBK] |
√ |
√ See note 2 |
√ |
Japan Financial Services Agency, Japan [JFSA] |
√ |
X |
X |
South Africa South African Reserve Bank [SARB] |
√ |
√ |
√ |
Hong Kong Hong Kong Monetary Authority [HKMA] |
√ |
√ |
√ |
Singapore Monetary Authority of Singapore [MAS] |
√ |
√ |
√ |
India Reserve Bank of India [RBI] |
√ |
√ |
√ |
Korea Financial Supervisory Service [FSS] |
√ |
X |
X |
1Jersey |
√ |
√ |
√ |
1Guernsey |
X |
√ |
√ |
1Isle of Man |
X |
√ |
√ |
Note 1: A √ denotes that the requirements have been assessed as equivalent to EEA standards. A X denotes that the requirements have been assessed as not being equivalent to EEA standards. |
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Note 2: √ International standardised approach only. The treatment of the Lombard loans is not equivalent and they must be treated under the appropriate regulator's rules. |
Part 2 (Non–EEA investment firm regulators' requirements deemed CRD-equivalent for individual risks) |
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Regime regulators |
Market risk |
Credit risk |
Operational Risk |
Australia Sydney Futures Exchange Australian Stock Exchange |
√ √ |
X X |
X X |
Canada Ontario Securities Commission Quebec Securities Commission British Columbia Securities Commission Alberta Securities Commission Investment dealers Association of Canada |
√ √ √ √ √ |
X X X X X |
X X X X X |
Hong Kong Hong Kong Monetary Authority [HKMA] Hong Kong Securities and Futures Commission |
√ √ |
X X |
X X |
Japan Financial Services Agency, Japan [JFSA] |
√ |
X |
X |
Singapore Monetary Authority of Singapore [MAS] Stock Exchange of Singapore |
√ √ |
X X |
X X |
South Africa South African Futures Exchange Johannesburg Stock Exchange Bond Exchange of South Africa |
√ √ √ |
X X X |
X X X |
Switzerland Swiss Federal Banking Commission [EBK] |
√ |
√ Note 2 |
√ |
USA Securities & Exchange Commission (SEC): Net Capital rule only Commodities and Futures Trading Commission |
√ Note 3 √ |
√1 X |
X X |
Note 1: A √ denotes that the requirements have been assessed as equivalent to EEA standards. A X denotes that the requirements have been assessed as not being equivalent to EEA standards. |
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Note 2: √ International standardised approach only. The treatment of Lombard loans is not equivalent and they must be treated under the appropriate regulator's rules. |
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Note 3: √ Where entities are subject to a local regulatory capital requirement. |