Tag: BIS
Basel think-tank issues Reg. Reform report- forgets to include large pinch of salt
Yesterday, the Macroeconomic Assessment Group on Derivatives (MAGD) issued its second report prophesying the (necessarily) macroeconomic effects of planned regulatory reforms. The MAGD was set up under the auspices of the ODCG and comprises financial and economic “modelling experts” from central banks and other authorities. The 79 page report came to the unsurprising conclusion that, […]
Liquidity Coverage Ratio to be Introduced Early in Europe?
Bloomberg is reporting that EU banks may have to be in a position to comply with the Liquidity Coverage Ratio (LCR) by 1 January 2018, a year earlier than required under Basel III. As reported last month on this blog, the Bank for International Settlements (BIS) had agreed to relax some of the restrictions around […]
Margin Rules for Non-Cleared Derivatives Delayed Again
Any hopes of seeing a global standard with respect to the margining of non-cleared derivatives in the near future seem to have been dashed. Risk reports that the group tasked with drafting the rules, the Working Group on Margining Requirements (a joint working group of the Basel Committee on Banking Supervision and the International Organization […]
EU Welcomes Basel III Revisions
On 7 January 2012, the EU Commission published a statement by Michel Barnier welcoming the agreement of the Basel Committee to the revision of the Liquidity Coverage Ratio (LCR) and its gradual phasing-in between 2015 and 2019. The Commission’s approach to liquidity issues within the context of CRD4 is to initiate a reporting period at […]
BIS Publishes Detail on Liquidity Coverage Ratio
On 6 January 2012, the Bank for International Settlements (BIS) published a press release regarding the detailed amendments to the Liquidity Coverage Ratio (LCR), following endorsement by the Group of Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision. Please see our posting yesterday for more information on the […]
Basel Committee publishes framework for D-SIBs
Introduction On 11 October 2012, the Bank for International Settlements (BIS) published a framework for identifying and dealing with domestic systemically important banks (D-SIBs). The purpose of the framework is to reduce the probability of D-SIB failure compared to non-systemic institutions. In furtherance of this goal, 12 principles have been identified. These establish a minimum […]
Basel Committee publishes framework for D-SIBs
Introduction On 11 October 2012, the Bank for International Settlements (BIS) published a framework for identifying and dealing with domestic systemically important banks (D-SIBs). The purpose of the framework is to reduce the probability of D-SIB failure compared to non-systemic institutions. In furtherance of this goal, 12 principles have been identified. These establish a minimum […]