Topic: Basel Committee

EU agrees MiCA framework

The EU’s legislative bodies have reached agreement on the bloc’s regulatory framework for markets in crypto assets, placing stablecoins under EBA supervision and requiring their issuers to be EU-domiciled.

04 July 2022

Basel focuses on pay in new climate risk standards

Internationally active banks should align their pay with climate risk, the Basel Committee on Banking Supervision has said, as it issues its final rulebook on the subject.

17 June 2022

Climate risk measures are fragmenting across the globe, industry bodies warn

As climate consultations from the OCC and the BCBS drew to an end this week, industry bodies have warned their respective proposals could create a “fragmented” climate risk landscape and funnel too many regulatory resources towards uncertain and disparate climate requirements.

16 February 2022

EU Commission confirms Basel rules delay

The European Commission has announced that it will apply the Basel output floor at group level – departing from its longstanding tradition of applying prudential measures to subsidiaries – but the measure will only be fully implemented in 2030.

28 October 2021

Regulate stablecoins as traditional payment systems, global bodies say

Two global bodies have set out standards for stablecoins, proposing to regulate them like other financial market infrastructure such as payment systems and clearing houses.

06 October 2021

Community round-up: senior hires at FINMA and Bank of Canada

The secretary-general of the Basel Committee on Banking Supervision and the CEO of insurer Zurich are set to take senior roles at the Bank of Canada and Swiss regulator FINMA respectively.

19 July 2021

Basel urges strict “cliff edge” two-tier cryptoasset regulation

Banks with cryptoasset exposure will be heavily regulated – and have to maintain the full value of crypto held – under new proposals from the Basel Committee, which predict increasing risk to banks from the volatile assets.

14 June 2021

Existing risk categories can capture climate risk drivers, Basel says

The Basel Committee on Banking Supervision says it has “not found any evidence” to support the creation of a separate risk category to address the drivers of climate risk – but indicates there will need to be more “granular” measurement of the changing climate’s impact on banks’ actual exposures.

16 April 2021

Too Big To Fail has wedged banks by profitability, Basel report finds

The most profitable G-SIBs have expanded their systemic footprint in line with their non-systemically important counterparts, leaving less profitable G-SIBs to bear the brunt of ‘Too Big to Fail’ reforms, according to a new report by a trio of current and former economists of the Bank for International Settlements.

28 January 2021

Basel finalises NPL securitisation rules

The Basel Committee on Banking Supervision has issued specific capital requirements rules for non-performing loan securitisations, addressing what it calls a “gap” in its regulatory framework.

30 November 2020

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