Featured Product

    EC Consults on Recent Amendments to the BCBS Basel III Framework

    May 09, 2018

    EC launched a consultation to seek input from stakeholders on the impact of recent amendments to the Basel III framework. This is an exploratory consultation seeking first views on the last piece of Basel III banking regulatory reform, which was agreed by BCBS in December 2017. This consultation is not linked to a legislative proposal. Stakeholders must use the accompanying questionnaire to send their feedback. Comments are due by April 12, 2018 and EC has received 56 responses to the consultation.

    The consultation aims to gather views from interested parties on the potential impact that amendments may have on the EU banking sector and the wider economy, in addition to highlighting possible implementation challenges. The implementation of this agreement in the EU would require amendments to current banking regulations, particularly the Capital Requirements Regulation or CRR. The amendments in the BCBS Basel III finalization package of December 2017 include revisions to the standardized approach for credit risk, revisions to the internal ratings-based approaches for credit risk, minimum haircut floors for non-centrally cleared securities financing transactions, an overhaul of the credit valuation adjustment framework, a new standardized approach for operational risk, and replacement of the "Basel II" floor with an aggregate more risk-sensitive output floor. Before considering the related amendments to current banking regulations, EC will perform a thorough impact assessment, in accordance with its Better Regulation agenda. The results of this consultation will inform the overall assessment of EC.

     

    Related Links

    Keywords: Europe, EU, Banking, Basel III Finalization, Impact Assessment, CRR, Responses to Consultation, EC

    Featured Experts
    Related Articles
    News

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.10

    EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.

    July 10, 2020 WebPage Regulatory News
    News

    FASB Proposes to Delay Implementation of Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).

    July 09, 2020 WebPage Regulatory News
    News

    APRA Updates Regulatory Approach to Loan Deferrals Amid COVID Crisis

    APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS and FSB Set Out Recommendations for Benchmark Transition

    BCBS and FSB published a report on supervisory issues associated with benchmark transition.

    July 09, 2020 WebPage Regulatory News
    News

    IAIS Sets Out Recommendations for Benchmark Transition for Insurers

    IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.

    July 09, 2020 WebPage Regulatory News
    News

    ESMA Updates Reporting Manual on European Single Electronic Format

    ESMA updated the reporting manual on the European Single Electronic Format (ESEF).

    July 09, 2020 WebPage Regulatory News
    News

    EBA Calls on Resolution Authorities to Consider Impact of COVID Crisis

    EBA published a statement on resolution planning in light of the COVID-19 pandemic.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework

    BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework

    July 08, 2020 WebPage Regulatory News
    News

    ECB Guideline on Materiality Threshold for Credit Obligations Past Due

    ECB published a guideline (2020/97), in the Official Journal of European Union, on the definition of materiality threshold for credit obligations past due for less significant institutions.

    July 08, 2020 WebPage Regulatory News
    News

    FED Temporarily Revises FR Y-14 With Respect to PPP and CARES Act

    FED temporarily revised the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes in response to the COVID-19 pandemic.

    July 08, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5458