Guidance to completing the Operational Risk module of BSL/2
This module relates to reporting operational risk by banks licensed under the Nevis International Banking Ordinance, 2014 and incorporated under the Companies Ordinance under the Operational Risk module of the BSL/2 return. “Basel II” is the revised international capital framework set out by the…
Read MoreGuidance to completing the Market Risk module of BSL/2
This guidance outlines the Regulator’s reporting requirements for calculating how much capital should be held by banks against potential losses arising out of market risk.
Read MoreGuidance to completing the Settlement Risk module of BSL/2
Under Basel II banks should develop, implement and improve systems for tracking and monitoring credit risk exposures arising from unsettled and failed transactions, as appropriate. They should produce management information that facilitates action on a timely basis.
Read MoreGuidance to completing the Balance Sheet module of BSL/2
Module 6 is designed to provide the Regulator with an assessment of a bank’s balance sheet and off-balance sheet activities including, for subsidiaries only, its capital resources.
Read MoreGuidance to completing the Individual Capital Guidance module of BSL/2
Module 7, Individual Capital Guidance (”ICG”) is intended to show the Commission that a bank has adequate financial resources to meet the risks to which it is exposed.
Read MoreGuidance to completing the Prudential Information module of BSL/2
Report deposit liabilities of the bank placed by a group company (“group” has the meaning given in section 2 of the Nevis International Banking Ordinance, 2014 (the “Ordinance”)). This definition may not necessarily concur with those applied by the bank’s auditors under US or International…
Read MoreGuidance to completing the Maturity Analysis module of BSL/2
The Regulator recognises that banks may not measure their liquidity using the particular maturity ladder technique described below. Nevertheless all banks are required to complete this section.
Read MoreGuidance on the Internal Capital Adequacy Assessment Process (ICAAP)
International Banks regulated by the Financial Services (Regulation and Supervision) Department (FSRC – Nevis Branch) are required to submit an ICAAP every year to the Regulator of International Banking – though this can be in the form of an annual update.
Read MoreJanuary 2018 Newsletter – Legalisation by Apostille
A large number of countries all over the world have joined a treaty that greatly simplifies the authentication of public documents to be used abroad. This treaty is called the Convention de La Haye du 5 Octobre 1961 Abolishing the Requirement of Legalisation for Foreign Public Documents
Read MoreFSRC Nevis Monthly Statistical Bulletin – January 2018
The graph below provides important statistics on the monthly incorporation and registration activities of the Corporate Registry of the Nevis Financial Services (Regulation & Supervision) Department for the month of FSRC Nevis Monthly Statistical Bulletin – January, 2018.
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