Saturday, 13 July 2013

New Guidance Shows Basel Committee Means Business

By Mayra Rodríguez Valladares

In over a decade of consulting and training on the Basel accords, I have never seen anything like what has transpired in the last two weeks. The Basel Committee on Banking Supervision released five new financial regulatory guidelines and published three updated methodology documents. With these eight documents, the Basel Committee is reasserting its role as the key global standards-setting body on all aspects of banking supervision.

The five proposed guidelines, known as consultative documents and open for public comment until the fall, address: revised Basel III leverage ratio framework and disclosure requirements; sound management of risks related to money laundering and financing of terrorism; capital treatment of bank exposures to central counterparties; the non-internal model method for capitalizing counterparty credit risk exposures; and capital requirements for banks' equity investments in funds.

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