Basel II
US SEC to begin work on Basel II rules
The US Securities and Exchange Commission (SEC) will soon issue a set of proposals, consisting of rule amendments and new rules, to create two separate voluntary regulatory frameworks for the supervision of broker-dealers and their affiliates on a…
Fear and moaning in last stages
Introduction
Survey spotlights doubts on Basel II
Industry response
Any last words?
CP3 comments
IIF calls for Basel and IASB co-operation; warns on Basel II deadline
The Institute of International Finance (IIF), an association of leading banks, has called for more co-operation and discussion on bank capital accounting issues between the Basel Committee on Banking Supervision and theInternational Accounting Standards…
Basel II creates myriad problems for US investment banks
Basel II is causing substantial problems for US investment banks whose overseas subsidiaries may receive harsh treatment under the new capital regime and whose home regulator, the Securities and Exchange Commission (SEC), says it is unsure when it will…
Probing granularity
Basel II
Basel II Forum USA: Speakers stress feedback can still shape regulation
With the commentary period for the Basel Committee on Banking Supervision’s final consultative paper (CP3) officially ending tomorrow, two speakers at Risk ’s Basel II Forum USA urged banks to be vocal about concerns related to the implementation of…
Basel may advise banks on outsourcing
The Basel Committee on Banking Supervision may investigate the risks associated with outsourcing trading systems to third parties, a senior Bank for International Settlements (BIS) official told RiskNews ' sister publication, FX Week .
Cad 3 will hit asset manager profits, says Mercer Oliver Wyman
The European Union’s proposed third capital adequacy directive (Cad 3) will force European asset managers to hold significantly more capital than at current levels. This will reduce their profitability, and could prompt a shake-out in the industry,…
Hong Kong to adopt loose approach to Basel II
The Hong Kong Monetary Authority, the financial regulator for the special administrative region of China, will not be mandating that certain types of banks adopt certain portions of the revised Basel Accords, according to a speech by Simon Toping,…
Fed seeks public comment on Basel II
The Federal Reserve has issued an interagency advance notice of proposed rulemaking (ANPR) seeking public comment on the implementation of the new Basel Accord in the US.
MEP Radwan says EU Commission will conduct SME survey
The EU Commission will conduct a survey of the impact that the organisation's capital adequacy directive (CAD) will have on small and medium-sized banks and corporates (SMEs) over the coming months, and the results will be available before the end of…
Fed’s Ferguson says Basel II will apply to 20 US banks
The number of US banks expected to implement Basel II is now likely to be twice the number unveiled to a stunned international banking community during Congressional testimony in February, Roger Ferguson, vice-chairman of the US Federal Reserve, has told…
QIS3 results released by Basel Committee
A paper outlining the results of the third quantitative impact study (QIS3) was released by the Basel Committee on Banking Supervision yesterday.
Reveleus launches Basel II package
Boston-based financial analytics company, Reveleus, has launched a Basel II software product suite for enterprise risk management and compliance with the forthcoming capital regulations as specified by the Bank for International Settlements (BIS).
The final countdown
Introduction
Flies in the ointment
Outstanding issues
Basel II: a continental rift
Implementation
‘Restructuring’ partly dumped as Basel shifts stance on risk mitigation
The Basel Committee on Banking Supervision, the architect of new banking regulation, Basel II, which is due for implementation by the end of 2006, has made a number of concessions in its proposed treatment of risk mitigation techniques in the release of…
Basel II securitisation treatment too harsh, says Fitch
The treatment of securitisations under current proposals in the Basel Committee on Banking Supervision’s Basel II capital Accord is likely to be “overly punitive”, according to credit rating agency Fitch.