“The Basel Committee issued today its second consultative paper on the Capitalisation of bank exposures to central counterparties. The Committee’s proposals relate to the capitalisation of bank exposures to a central counterparty (CCP) and cover both capital requirements for default fund exposures and trade-related exposures to CCPs. The Committee will finalise the rules around year end and expects that they will be implemented in its member jurisdictions by January 2013. The Committee conducted an initial consultation on this topic in December 2010. Today’s consultative paper takes account of the responses received during this earlier consultation as well as the results of various impact assessments. The Committee also consulted closely with the Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO).”
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