Featured Product

    BCBS Meets to Discuss Policy and Supervisory Initiatives

    February 28, 2019

    BCBS published an update on the policy and supervisory issues discussed in its February meeting in Basel. The participants discussed the ongoing and planned work in the areas of non-centrally cleared derivatives, interest rate benchmarks, crypto-assets, proportional application of prudential standards among various jurisdictions, and the implementation of Basel III standards.

    In its meeting, BCBS agreed to publish the following in March:

    • Joint statement with IOSCO to clarify certain implementation aspects of the margin requirements framework
    • High-level supervisory expectations related to crypto-assets
    • Summary of different practices among jurisdictions to proportionately apply the global minimum prudential standards
    • Follow-up reports and actions by member jurisdictions on the implementation of certain Basel III standards

    In addition, BCBS reiterated its support for reforms of interest rate benchmarks, approved a work plan to look at the interactions with supervisory requirements, and reviewed the assessment reports on the implementation of the net stable funding ratio and large exposures standards in Brazil and India. Also discussed was the BCBS work program for evaluating the impact of its post-crisis reforms; the work program includes planned evaluations on cross-cutting policy issues, the countercyclical capital buffer framework, and the global systemically important banks framework. The next meeting of the Basel Committee has been tentatively scheduled for June 19-20, 2019.


    Related Links: Press Release

    Keywords: Global, Banking, Interest Rate Benchmarks, Crypto Assets, Basel III, Post Crisis Reforms, Margin Requirements, BCBS

    Featured Experts
    Related Articles
    News

    APRA Publishes Submission on Fintech and Regtech

    APRA published its submission, to the Senate Select Committee, on financial technology and regulatory technology.

    January 21, 2020 WebPage Regulatory News
    News

    ECB Consults on Guideline on Threshold for Credit Obligations Past Due

    ECB published a draft guideline, along with the frequently asked questions (FAQs), on the definition of the materiality threshold for credit obligations past due for less significant institutions.

    January 20, 2020 WebPage Regulatory News
    News

    BIS Discusses Role of Central Banks in Addressing Climate Change Risks

    BIS published a book that reviews ways of addressing the climate change risks within the financial stability mandate of central banks.

    January 19, 2020 WebPage Regulatory News
    News

    FSB Report Examines Global Nonbank Financial Intermediation Activity

    FSB published the ninth annual report examining the global non-bank financial intermediation activity.

    January 19, 2020 WebPage Regulatory News
    News

    OSFI Publishes Instruction Guide on Solvency Information Return

    OSFI published an instruction guide to assist administrators of pension plans in completing the Solvency Information Return that is required to be filed with OSFI.

    January 17, 2020 WebPage Regulatory News
    News

    EU Amends IFRS 9 Rule, Changes Concern Interest Rate Benchmark Reforms

    EU published Regulation 2020/34 regarding the International Accounting Standard (IAS) 39 and International Financial Reporting Standards (IFRS) 7 and 9.

    January 16, 2020 WebPage Regulatory News
    News

    FDIC and OCC Issue Statement on Heightened Cyber Security Risk

    In response to the heightened cyber-security risk facing the financial services industry and other critical business sectors, FDIC and OCC issued an interagency statement on heightened cyber-security risk.

    January 16, 2020 WebPage Regulatory News
    News

    BCRA Updates Regulation on Capital Requirements and Information Regime

    BCRA updated the rules on minimum capital requirements for financial entities and on certain aspects of the information transparency regime for quarterly and annual supervision.

    January 16, 2020 WebPage Regulatory News
    News

    BoE and FCA Outline Next Steps for LIBOR Transition in 2020

    BoE, FCA, and the Working Group on Sterling Risk-Free Reference Rates (RFRWG) have published a set of documents that outline the LIBOR transition priorities and milestones for 2020.

    January 16, 2020 WebPage Regulatory News
    News

    BIS to Expand Central Bank Membership

    BIS is to expand its central bank membership base and to increase collaboration in its work as a forum for international cooperation and as a hub for central banks and other financial authorities.

    January 14, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4511