Basel Committee on Banking Supervision (BCBS)
Basel Committee releases final draft of banking compliance guide
The Basel Committee on Banking Supervision (BCBS) has released the final version of its compliance guide, which provides guidance on compliance using a principles-based framework.
Trading book proposals published by Basel Committee
Yesterday, the Basel Committee on Banking Supervision issued a paper outlining proposed capital requirements for banks’ exposures to certain trading-related activities—also known as the Trading Book Project. .
IIF executive blasts "conservative" Basel Committee
Yesterday at a press conference held at the Institute of International Finance´s spring membership meeting in Madrid, a vice chairman criticized recent decisions taken by the Basel Committe on Banking Supervision as overly "conservative."
Caruana calls for more banking industry support for Basel II
The chairman of the Basel Committee on Banking Supervision, Jaime Caruana, today called for more help from the banking industry in verifying that the Basel II framework is correctly calibrated.
Basel Committee set to shift on counterparty credit exposures
The Basel Committee on Banking Supervision is likely to bow to pressure from the banking industry and change the way it deals with counterparty credit risk.
Dynamic benchmarks
One of the biggest challenges in effective risk reporting is avoiding the trap of mind-numbing routine. David Rowe argues that dynamic benchmarks and exception highlighting are ways of keeping such reports relevant and useful, thereby maintaining…
CAD makes slow progress through Parliament
BRUSSELS -- The progress of the Capital Adequacy Directive (CAD) in the European Parliament remains slow. Although the European Commission (EC) was keen to have the legislation voted on before the summer, its introduction for official discussion has been…
Emerging markets failing to plug into AMA
Many financial institutions in emerging markets are struggling with the demands of modern risk management. And difficulties with AMA aren’t helping. By Choongo Moonga
Setting a timetable
Regulators in Australia and Japan are the latest to set deadlines for their banks to comply with Basel II, and both differ slightly from the Basel Committee’s schedule. Nick Sawyer reports
BIS names new secretary general
The Bank for International Settlements (BIS) today named Peter Dittus as its new secretary general for a five-year term. He replaces Gunter Baer, who has held the position since 1994.
Basel II realities kick in for emerging markets
The emerging markets might find compliance with the new Basel Accord a struggle, but ambitions are high. And the pressure is on for regulators to be seen to be adopting Basel II within the international community.
Interest rate risk principles released by Basel Committee
The Basel Committee on Banking Supervision released "Principles for the management and supervision of interest rate risk" late last week.
Basel II Alert - Highlight of Critical Changes
It has been more than six years in the making, but the final text of the Basel II framework has arrived. The Basel Committee on Banking Supervision published the text at the end of June to a mix response from the financial services industry.
IIF comments on recent Basel announcement
The Institute of International Finance (IIF), a global association of financial institutions, issued a statement yesterday welcoming the proposals that the Basel Committee on Banking Supervision published the day before, but also noted that more work…
Constructing an operational event database
Michael Haubenstock of US bank Capital One outlines a framework for an event database, formulated with current US regulatory guidance on the subject in mind. The text is an abstract from The Basel Handbook, which has just been published by Risk Books.
FSA director to chair Joint Forum
UK financial regulator the Financial Services Authority’s director of markets, Gay Huey Evans, will take over the chairmanship of the Joint Forum in January. She succeeds José María Roldán, general director of financial regulation at the Bank of Spain,…
Probing granularity
Basel II
Credit derivatives disclosure still lacking, says Basel Committee
The disclosure by banks related to their credit mitigation techniques is still lacking, according to a survey released today by the Basel Committee on Banking Supervision. The survey analysed public disclosure by banks in 2001 and found that, although…
Standardised approach may receive op risk charge cut, says ECB official
The operational risk charge related to the Basel II ‘standardised approach’ may be cut in the third consultative paper (CP3) due for release next month by the Basel Committee on Banking Supervision, according to Panagiotis Strouzas, a senior expert in…
IMF study shows Basel weaknesses in offshore centres
Many offshore centres have weaknesses in the on- and off-site supervision of their banking systems, as well as "less material weaknesses" in their credit supervision and market risk, according to a study by the International Monetary Fund (IMF).
New chairman for Committee on Global Financial System
Roger Ferguson, vice-chairman of the Board of Governors of the Federal Reserve System, was named chairman of the Basel-based Committee on the Global Financial System (CGFS), the Bank for International Settlements said today.
US Risk Management Association appoints new operational risk head
Charles Taylor has been appointed director of operational risk at the 88-year-old Risk Management Association (RMA), based in Philadelphia, a 3,000-member organisation catering primarily to US commercial banks, community banks and some global investment…
Basel II asset securitisation paper issued
Global banking regulators yesterday issued their delayed working paper on the treatment of asset securitisations under the complex, risk-based Basel II bank capital accord.
Regulators call on banks to focus on cross-border e-banking risks
Banks need to integrate cross-border electronic banking risks into their overall risk management framework, the Basel Committee said in a paper released today.