Category: BCBS
Basel Guidance Reinforces the Need to Fully Document FX Transactions
On 15 February 2013, the Basel Committee on Banking Supervision (BCBS), part of the Bank for International Settlements (BIS) published finalised supervisory guidance for managing risk associated with the settlement of foreign exchange (FX) transactions. The guidance, which replaces similar rules published in September 2000[1], is to be implemented by banks and national supervisors, taking […]
Prepare to Dust Off Those CSAs…BCBS/IOSCO Publish “Near Final” Margin Rules for Non-Cleared Derivatives
Introduction On 15 February 2013, The Basel Committee on Banking Supervision (“BCBS”) and the International Organization of Securities Commissions (“IOSCO”) published a second consultative paper, representing “near-final” margin requirements for non-centrally cleared derivatives. The BIS/IOSCO proposals focus on 8 key principles, as detailed below. Comments on limited aspects of the consultation paper are sought by […]
Liquidity Coverage Ratio to be Introduced Early in Europe?
Bloomberg is reporting that EU banks may have to be in a position to comply with the Liquidity Coverage Ratio (LCR) by 1 January 2018, a year earlier than required under Basel III. As reported last month on this blog, the Bank for International Settlements (BIS) had agreed to relax some of the restrictions around […]
Margin Rules for Non-Cleared Derivatives Delayed Again
Any hopes of seeing a global standard with respect to the margining of non-cleared derivatives in the near future seem to have been dashed. Risk reports that the group tasked with drafting the rules, the Working Group on Margining Requirements (a joint working group of the Basel Committee on Banking Supervision and the International Organization […]
BIS Publishes Detail on Liquidity Coverage Ratio
On 6 January 2012, the Bank for International Settlements (BIS) published a press release regarding the detailed amendments to the Liquidity Coverage Ratio (LCR), following endorsement by the Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision. Please see our posting yesterday for more information on the […]
Basel Committee publishes framework for D-SIBs
Introduction On 11 October 2012, the Bank for International Settlements (BIS) published a framework for identifying and dealing with domestic systemically important banks (D-SIBs). The purpose of the framework is to reduce the probability of D-SIB failure compared to non-systemic institutions. In furtherance of this goal, 12 principles have been identified. These establish a minimum […]
Basel Committee publishes framework for D-SIBs
Introduction On 11 October 2012, the Bank for International Settlements (BIS) published a framework for identifying and dealing with domestic systemically important banks (D-SIBs). The purpose of the framework is to reduce the probability of D-SIB failure compared to non-systemic institutions. In furtherance of this goal, 12 principles have been identified. These establish a minimum […]