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Regulations

The Basel Committee issues revised standards for Interest Rate Risk in the Banking Book

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On April 21st 2016 The Basel Committee on Banking Supervision (BCBS) issued the final standards for Interest Rate Risk in the Banking Book (IRRBB). The revised standards consist of supervisory expectations for banks’ identification, measurement, monitoring and control of IRRBB as well as their supervision. The key enrichments to the 2004 Principles include: Broader instructions […]

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Basel Committee issues proposed revisions to the operational risk capital framework

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On March 4th 2016, the Basel Committee on Banking Supervision (BCBS) specified the proposed alternations to the operational risk capital framework, also known as the new Standardised Approach (SMA). The SMA is part of BCBS’s consultation paper which has been issued in October 2014. The suggested alternations of the operational risk capital framework are aimed

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European Commission extends the application date for the MiFID II package by one year

MiFID, News Item, Regulations /

On February 10th, 2016 the European Commission has proposed national competent authorities and market participants one additional year to comply with the rules set out in the revised Markets in Financial Instruments Directive (MiFID). The new deadline is January 3th 2018. MiFID was created in response to the financial crisis. The program provides harmonised regulation for

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Revised Market Risk Framework published

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The BIS has published on January 14th, 2016 the revised market risk framework,  also referred to as Fundamental Review of the Trading Book (FRTB). The 2007-2008 period of severe market stress exposed weaknesses in the framework for capitalising risks from trading activities. In 2009, the Committee introduced a set of revisions to the Basel II market

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ESMA consults on MIFID II standards regarding trading suspensions, data service providers and derivatives reporting

MiFID, News Item, Regulations /

The European Securities and Markets Authority (ESMA) has published on August 31st, 2015 a consultation paper (CP) on the remaining draft implementing technical standards (ITS) under MiFID II on which ESMA has not yet consulted. This CP covers the following: (1) the suspension and removal of financial instruments from trading on a trading venue, (2) the

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Review of the Credit Valuation Adjustment (CVA) risk framework – consultative document

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A Review of the Credit Valuation Adjustment Risk Framework is being undertaken by the Basel Committee. The objectives of the review are to (i) ensure that all important drivers of credit valuation adjustment (CVA) risk and CVA hedges are covered in the Basel regulatory capital standard; (ii) align the capital standard with the fair value measurement

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Basel Committee consults on interest rate risk in the banking book

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The Basel Committee on Banking Supervision has issued in June 2105 a consultative document on the risk management, capital treatment and supervision of interest rate risk in the banking book (IRRBB). This consultative document expands upon and is intended to ultimately replace the Basel Committee’s 2004 Principles for the management and supervision of interest rate

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EBA publishes results of the Basel III monitoring exercise

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The European Banking Authority (EBA) published today its eight report of the Basel III monitoring exercise on the European banking system. This exercise, run in parallel with the one conducted by the Basel Committee on Banking Supervision (BCBS) at a global level, allows the gathering of aggregate results on capital ratios and leverage ratio (LR), as well

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