“The Basel Committee on Banking Supervision issued two papers on operational risk: Principles for the Sound Management of Operational Risk and Operational Risk – Supervisory Guidelines for the Advanced Measurement Approaches. The regulatory capital adequacy framework envisages that, over time, the operational risk discipline will continue to mature and converge towards a narrower band of… Continue Reading
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Search Results for: Basel Committee on Banking Supervision
FT: Global Regulators Quietly Agree to Target Credit Bubbles
Via CNBC: “Banking regulators have quietly taken a major step towards harmonised global regulation by agreeing to raise worldwide capital requirements whenever an individual country declares a credit bubble. Part of the larger Basel III banking reform package, the countercyclical capital buffer heralds a step change in the way national banking regulators interact and is… Continue Reading
Belts and Suspenders: Analysis of Large Bank Capital Standards
CRS Report – Belts and Suspenders: Analysis of Large Bank Capital Standards, July 26, 2023: ” One way regulators ensure that banks operate in a safe and sound manner is by establishing capital requirements that banks must meet. Bank capital serves as a layer of protection against losses, and in doing so it promotes public… Continue Reading
U.S. Uncleared Swap Margin, Capital and Segregation Rules
Presentation by Davis Polk & Wardwell LLC – snipped – Introduction – U.S. prudential regulators (the OCC , Federal Reserve, FDIC, FCA and FHFA) and the CFTC have finalized uncleared swap margin , capital and segregation requirements (the “PR rules,” and “ CFTC rules,” respectively, and the “final rules,” collectively [note – The CFTC has… Continue Reading
Revisions to the securitisation framework
“The Basel Committee on Banking Supervision’s revisions to the securitisation framework aim to address a number of shortcomings in the Basel II securitisation framework and to strengthen the capital standards for securitisation exposures held in the banking book. This framework, which will come into effect in January 2018, forms part of the Committee’s broader Basel… Continue Reading
New GAO Reports – 2020 Census, Defense Infrastructure, International Financial Reforms
2020 CENSUS: Prioritized Information Technology Research and Testing Is Needed for Census Design Decisions, GAO-14-389: Published: Apr 3, 2014. Publicly Released: Apr 3, 2014: “The Census Bureau (Bureau) has made progress in researching and testing information technology (IT) options for the 2020 Decennial Census, but several of the supporting projects lack schedules and plans, and it is uncertain… Continue Reading
BIS – External audits of banks – final document
March 31, 2014: “The recent financial crisis not only revealed weaknesses in risk management, control and governance processes at banks, but also highlighted the need to improve the quality of external audits of banks. Given the central role banks play in contributing to financial stability, and therefore the need for market confidence in the quality… Continue Reading
Global Consistency in Financial Regulation
Global Consistency in Financial Regulation: Is the glass half full, half empty, or just more transparent? Remarks by Wayne Byres, Secretary General, Basel Committee on Banking Supervision, at the RiskMinds Risk and Regulation Forum, Nice, France, 10 September 2013: “…bankers are somewhat despondent, lamenting gaps and inconsistencies, while regulators are focusing on the good and steady progress… Continue Reading
Sound management of risks related to money laundering and financing of terrorism – consultative document
BIS: “The Basel Committee has a long-standing commitment to promote the implementation of sound policies and procedures to combat money laundering (ML) and the financing of terrorism (FT). Its commitment to combating ML and FT is fully aligned with its mandate to strengthen the regulation, supervision and practices of banks worldwide with the purpose of… Continue Reading
Speech – Simplicity, risk sensitivity and comparability: the regulatory balancing act
Simplicity, risk sensitivity and comparability: the regulatory balancing act (speech by Wayne Byres Secretary General Basel Committee on Banking Supervision) BCBS-EMEAP-FSI High-Level Meeting 2526 February 2013, Seoul, Korea: “But as anyone knows who has built, supervised or just tried to understand internal risk models within a bank, they are not simple. They are, of course,… Continue Reading
BIS – Fundamental review of the trading book – consultative document
Fundamental review of the trading book – consultative document, May 2012: “This consultative document sets out a revised market risk framework and proposes a number of specific measures to improve trading book capital requirements. These proposals reflect the Basel Committee on Banking Supervision’s increased focus on achieving a regulatory framework that can be implemented consistently… Continue Reading
OCC Issues Supervisory Guidance on Model Risk Management
News release: The Office of the Comptroller of the Currency (OCC) has adopted the attached Supervisory Guidance on Model Risk Management. This guidance, developed jointly with the Board of Governors of the Federal Reserve System, articulates the elements of a sound program for effective management of risks that arise when using quantitative models in bank… Continue Reading
