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

Related Articles
News

BoE, FCA, and MAS Announce Collaboration on Cyber Security

MAS and UK financial authorities (BoE and FCA) announced that they will work together to strengthen cyber security in their financial sectors.

June 13, 2019 WebPage Regulatory News
News

CBIRC Advisory Committee Holds Meeting, Discusses Regulatory Issues

The first meeting of the International Advisory Committee (IAC) of CBIRC was held in Shanghai from June 11 to 12, 2019.

June 13, 2019 WebPage Regulatory News
News

APRA Response to Proposal on Revisions to Capital Framework for Banks

APRA published a paper in response to the first round of consultation on proposed changes to the capital framework for authorized deposit-taking institutions.

June 12, 2019 WebPage Regulatory News
News

APRA Finalizes Schedule on Scope of Variable Remuneration Under BEAR

APRA has released a response letter and the final wording of the schedule in relation to how the Banking Executive Accountability Regime (BEAR) applies to variable remuneration arrangements for medium and small authorized deposit-taking institutions (ADIs).

June 12, 2019 WebPage Regulatory News
News

EC Publishes Fourth Progress Report on Reduction of NPLs in EU Banks

EC published the fourth progress report on the reduction of non-performing loans (NPLs) in banks in EU.

June 12, 2019 WebPage Regulatory News
News

FASB Adds Taxonomy Entry Points in Relation to 2019 DEI Taxonomy

FASB has incorporated additional entry points for the 2019 GAAP [Generally Accepted Accounting Principles] Financial Reporting Taxonomy and the 2019 SEC Reporting Taxonomy, in connection with the issuance of the 2019 Document and Entity Information (DEI) Taxonomy by SEC.

June 11, 2019 WebPage Regulatory News
News

EC Publishes Draft Equivalence Decisions for Credit Rating Agencies

EC is requesting feedback on the draft implementing decisions on recognition of legal and supervisory systems of Hong Kong, Japan, Mexico, and U.S. as equivalent to the requirements of Regulation (EC) No 1060/2009 on credit rating agencies.

June 11, 2019 WebPage Regulatory News
News

BaFin Consults on AFS Recommendation to Increase CCyB for Banks

BaFin is requesting feedback on increasing the domestic countercyclical capital buffer (CCyB) to 0.25%, with effect from July 01, 2019, pursuant to Article 92(3) of Capital Requirements Regulation (CRR).

June 11, 2019 WebPage Regulatory News
News

MAS Revises Capital Adequacy Requirements for Banks in Singapore

MAS issued amendments to the Notice 637 on risk-based capital adequacy requirements for banks incorporated in Singapore.

June 10, 2019 WebPage Regulatory News
News

PRA on Modification by Consent of Definition of Capital Rules in CRR 2

PRA announced its decision to offer a modification by consent of the Rules 7.1 and 7.5 of the Definition of Capital Part of the PRA Rulebook.

June 10, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3238