Featured Product

    BCBS Publishes Consultation on the Consolidated Basel Framework

    April 09, 2019

    BCBS published a consultative document on the consolidated Basel framework. The Basel Committee also launched a new section of its website that sets out a draft version of the consolidated framework of its global standards for the regulation and supervision of banks. The consultation aims to gather feedback on the website and on the proposed technical amendments to the standards. Comments are being invited by August 09, 2019. The consultative document is accompanied by a mapping table to show links between the published standards and the individual paragraphs in the new format.

    BCBS welcomes comments on the accuracy and clarity of the consolidated framework and on the proposed technical amendments to the standards. The preparation of the standards in the new format revealed some inconsistencies and ambiguities with the Basel requirements, which need to be addressed through minor policy changes. Such policy changes, which are not substantial but which cannot be resolved unambiguously based on the current text, would normally be subject to a consultation as technical amendments. BCBS considers it to be most efficient to consult on all such changes together in the context of the launch of the consolidated framework. The consolidated framework also contains several new frequently asked questions (FAQs) that have been listed in Section 2 of the consultative document. As the technical amendments proposed in the consultative document are not substantial and, in the view of the Basel Committee, contribute to a more coherent prudential framework, BCBS will encourage its members to implement the final requirements as soon as possible, but no later than January 01, 2022.

    The consolidated framework aims to improve the accessibility of BCBS standards and to promote their consistent global interpretation and implementation. The publication of standards in the new format of the consolidated framework has focused on reorganizing the existing requirements. There was no intention to introduce new requirements or otherwise amend the standards previously agreed and published by BCBS. In preparing the framework, BCBS has taken the opportunity to simplify the standards where possible, clarify provisions known to cause confusion, integrate FAQs, and delete the redundant review clauses and other outdated provisions.

     

    Related Links

    Comment Due Date: August 09, 2019

    Keywords: International, Banking, Basel Framework, Technical Amendment, FAQ, Basel III, Regulation and Supervision, BCBS

    Featured Experts
    Related Articles
    News

    HKMA Consults on Supervisory Policy for Systemically Important Banks

    HKMA proposed amendments to the Supervisory Policy Manual, or SPM, module CA-B-2 on systemically important banks.

    October 29, 2020 WebPage Regulatory News
    News

    FSB Report Finds Steady Increase in Climate-Related Disclosures

    FSB published the annual report that examines to-date progress toward implementation of climate-related disclosure recommendations of the industry-led Task Force on Climate-related Financial Disclosures (TCFD).

    October 29, 2020 WebPage Regulatory News
    News

    EBA Proposes to Revise Guidelines on Sound Remuneration Policies

    EBA proposed to revise the guidelines on sound remuneration policies in light of the amendments introduced by the fifth Capital Requirements Directive (CRD V).

    October 29, 2020 WebPage Regulatory News
    News

    US Agencies Finalize Interim Final Rules Issued Amid Pandemic

    US Agencies (FDIC, FED, and OCC) finalized two rules, which are either identical or substantially similar to the interim final rules in effect and issued earlier this year.

    October 29, 2020 WebPage Regulatory News
    News

    EBA Report Examines Quality of TLAC and MREL Instruments in EU

    EBA published the first monitoring report that examines the issuance and quality of the minimum requirement for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) instruments in EU.

    October 29, 2020 WebPage Regulatory News
    News

    FSB Consults on Forward-Looking Climate Metrics for Financial Sector

    FSB's Task Force on Climate-Related Financial Disclosures (TCFD) is seeking views on the decision-useful, forward-looking climate metrics for firms in financial sector, with the consultation ending on January 27, 2021.

    October 29, 2020 WebPage Regulatory News
    News

    APRA Consults on Reporting Standard for Credit Risk Management

    APRA is consulting on the reporting standard for credit risk management (ARS 220.0).

    October 28, 2020 WebPage Regulatory News
    News

    PRA Consults on Proposals to Support Transposition of BRRD2

    PRA launched a consultation (CP18/20) setting out proposals for the "Contractual Recognition of Bail-in" and "Stay in Resolution" Rules.

    October 28, 2020 WebPage Regulatory News
    News

    BoE and PRA Consult on Changes to Resolution Policy for Banks

    BoE and PRA launched a package of proposals on the resolution policy in UK.

    October 28, 2020 WebPage Regulatory News
    News

    ECB Opinion on Amendments to Luxembourg Financial Services Legislation

    ECB published an opinion (CON/2020/25) on the deposit guarantee scheme and other amendments to the financial services legislation.

    October 27, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 6031