Featured Product

    BCBS Publishes an Outline of Discussion at its Meeting in Basel

    March 23, 2018

    BCBS published a summary of the discussions at its meeting during March 15-16, 2018 in Basel. The key topics discussed in the meeting included work program and strategic priorities of BCBS for 2018-19, current policy work, implementation of Basel III standard, and ongoing initiatives to promote strong supervision. The next meeting of BCBS is scheduled to take place on September 19-20, 2018.

    With regard to the current policy work, the Committee agreed to consult on a set of limited and targeted revisions to the revised market risk framework, which was published in January 2016. The Committee also agreed on a set of criteria and capital treatment for short-term simple, transparent, and comparable securitizations, for which the accompanying standard will be published in due course. Additionally, the Committee agreed on a revised assessment framework for global systemically important banks, which will soon be published. Furthermore, the Committee approved, for publication, a report on early supervisory intervention practices. It has been decided that a revised version of the work program, including a version for publication, will be submitted to the BCBS oversight body, which is the Group of Central Bank Governors and Heads of Supervision, for endorsement. The work program of the Committee centers on four broad themes:

    • Finalizing existing policy initiatives and initiating targeted policy development
    • Ensuring full, timely, and consistent implementation of the post-crisis reforms
    • Promoting strong supervision
    • Evaluating and monitoring the impact of post-crisis reforms, in addition to assessing emerging risks

    Other topics of discussion at the meeting included an agreement to explore ways to conduct preliminary consistency assessments of members' forthcoming draft rules to implement the final Basel III standard (December 2017) and an agreement to further assess the identified transactions and behavioral responses by banks that could potentially constitute a form of regulatory arbitrage. Views were also exchanged on the recent market and supervisory developments, including the impact on the banking system of volatility in financial markets in the first quarter of 2018 and implications of the emergence of crypto-assets

     

    Related Link: Press Release

    Keywords: International, Banking, Work Program, Basel III, Implementation of Reforms, Priorities, BCBS

    Featured Experts
    Related Articles
    News

    BCBS Amends Guidelines on Sound Management of AML/CFT Risks

    BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).

    July 02, 2020 WebPage Regulatory News
    News

    EBA Guidelines on Treatment of Structural Foreign Exchange Under CRR

    EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).

    July 01, 2020 WebPage Regulatory News
    News

    FSB Issues Statement on Impact of COVID-19 Crisis on Benchmark Reform

    FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.

    July 01, 2020 WebPage Regulatory News
    News

    IAIS Publishes List of Internationally Active Insurance Groups

    IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.

    July 01, 2020 WebPage Regulatory News
    News

    FED Temporarily Revises FR Y-9C With Respect to PPPLF and CARES Act

    FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).

    July 01, 2020 WebPage Regulatory News
    News

    EC Launches Consultation on Review of Solvency II Directive

    EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.

    July 01, 2020 WebPage Regulatory News
    News

    ECB Consults on Supervisory Approach to Consolidation in Banking

    ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.

    July 01, 2020 WebPage Regulatory News
    News

    PRA Letter Sets Expectations on Approach to Managing Climate Risks

    PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.

    July 01, 2020 WebPage Regulatory News
    News

    US Agencies Finalize Amendments to Swap Margin Rule

    US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.

    July 01, 2020 WebPage Regulatory News
    News

    IAIS on Package for 2020 Data Collection on ICS and Aggregation Method

    IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.

    June 30, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5425