Featured Product

    BCBS Met to Discuss Challenges for Bank Supervision and Regulation

    November 29, 2018

    The Group of Central Bank Governors and Heads of Supervision (GHOS) met, on November 26–27, in Abu Dhabi to discuss a range of policy and supervisory topics. GHOS represents nearly 80 jurisdictions and is the governing body of BCBS. In addition, the 20th International Conference of Banking Supervisors (ICBS), which was hosted by the Central Bank of the United Arab Emirates, took place on November 28-29, 2018.

    At the November 26-27 meeting, the Basel Committee:

    • Agreed to a set of targeted revisions to the market risk framework, which will be submitted to the GHOS. The revised framework seeks to enhance the risk-sensitivity of standardized approach, revise the calibration of certain elements of the framework, and improve certain aspects of the internal models approach. If endorsed by GHOS, the framework would be published in early 2019.
    • Agreed to consult on the potential enhanced disclosures to reduce bank window-dressing behavior related to the leverage ratio.
    • Approved a set of revisions to the Pillar 3 disclosure framework, which will be published in December.
    • Reviewed a report setting out the range of bank, regulatory, and supervisory cyber-resilience practices across jurisdictions. This report will be published in December.
    • Discussed the ongoing evaluation of its post-crisis reforms, including the usability of capital buffers. Members reaffirmed the usefulness of buffers as a loss-absorbing mechanism. BCBS took note of the comments received on its discussion paper on the regulatory treatment of sovereign exposures.
    • Discussed the work program and strategic priorities for 2019, which will be published in early 2019, following a review and endorsement by GHOS.
    • Agreed to consult next year on a framework that would consolidate the Committee's standards into a single integrated framework.

    ICBS included keynote speeches by His Excellency Mubarak Rashed Al Mansoori, the Governor of the Central Bank of the United Arab Emirates; William Coen, the Secretary General of the BCBS; and Sir John Vickers, the Warden of All Souls College at Oxford University, along with the panel discussions comprising the current and former GHOS members. ICBS included discussions on the best practices for evaluating the impact of post-crisis reforms, the role of proportionality in the Basel framework, and the importance of implementing the post-crisis reforms in a full, timely, and consistent manner. Participants also exchanged views on the supervisory challenges following the completion of Basel III, the implications of financial technology for banks and supervisors, and the importance of strengthening operational resilience, including cyber-resilience.

     

    Related Links

    Keywords: International, Banking, Basel III, Market Risk, Proportionality, Pillar 3, Disclosures, Leverage Ratio, BCBS

    Featured Experts
    Related Articles
    News

    ESMA Updates Q&A on Credit Rating Agencies Regulation

    ESMA updated questions and answers (Q&A) document on the Credit Rating Agencies (CRA) Regulation.

    February 17, 2020 WebPage Regulatory News
    News

    EC Announces Funding for Sustainable Finance Project in France

    EC announced an investment for the latest projects, including a project on sustainable finance, under the LIFE program for the environment and climate action.

    February 17, 2020 WebPage Regulatory News
    News

    FDIC Releases Economic Scenarios for Stress Testing in 2020

    FDIC released the hypothetical economic scenarios for use in the upcoming stress tests for covered institutions with total consolidated assets of more than USD 250 billion.

    February 14, 2020 WebPage Regulatory News
    News

    EBA Acknowledges EC Adoption of Amended Supervisory Reporting Standard

    EBA acknowledged the adoption, by EC, of an Implementing Act with regard to the common reporting (COREP) and financial reporting (FINREP) changes, in accordance with the Capital Requirements Regulation or CRR.

    February 14, 2020 WebPage Regulatory News
    News

    APRA and ASIC Welcome Proposed Reforms for Superannuation Sector

    APRA and the Australian Securities and Investments Commission (ASIC) have jointly welcomed the proposed legislative reforms increasing the role of ASIC in the superannuation sector.

    February 14, 2020 WebPage Regulatory News
    News

    ESMA Responds to EC Consultation on Review of Benchmarks Regulation

    ESMA published its response to EC consultation on review of the Benchmarks Regulation in EU.

    February 14, 2020 WebPage Regulatory News
    News

    OSFI on Guide and Form for Replicating Portfolio Information Summary

    OSFI revised the instruction guide and form related to filing the Replicating Portfolio Information Summary.

    February 14, 2020 WebPage Regulatory News
    News

    ISDA Guide on Smart Contracts for Equity and Interest Rate Derivatives

    ISDA has published the fourth and fifth installments in a series of legal guidelines for smart derivatives contracts.

    February 13, 2020 WebPage Regulatory News
    News

    FED Paper Describes FLARE, A Top-Down Model for Stress Testing

    FED published a technical paper that describes the Forward-Looking Analysis of Risk Events (FLARE) model.

    February 13, 2020 WebPage Regulatory News
    News

    EC Rule Updates Data for Calculations Under Solvency II Reporting

    EC published the Implementing Regulation 2020/193, which lays down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from December 31, 2019 to March 30, 2020, in accordance with the Solvency II Directive (2009/138/EC).

    February 13, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4680