Topic: Basel Committee

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

Basel urges improved disaster planning

The Basel Committee is proposing to update its operational risk framework with new change management and technology principles, urging banks to step up their disaster planning in the wake of the disruption wrought by the covid-19 pandemic.

10 August 2020

Basel Committee deviates from EBA on non-performing loan securitisation

The Basel Committee on Banking Supervision has proposed an amendment to the regulatory framework for securitisations of non-performing loans, deviating from the stance taken by the European Banking Authority last year.

26 June 2020

BIS hires in Basel and Hong Kong

The Bank for International Settlements has hired a new deputy head of banking, and a head for its new innovation hub’s Hong Kong office.

22 May 2020

FSB global stablecoin suggestions “could stifle private sector”

The Financial Stability Board (FSB) has called on regulators to treat global stablecoins under a “same business, same risks, same rules” approach.

15 April 2020

Covid-19: Dividends halted till October, Basel IV implementation delayed by a year

The Basel Committee has pushed back its deadline for implementation of the so-called ‘Basel IV’ standards by a year to allow banks to concentrate on mitigating the Covid-19 crisis, as EU and UK regulators request banks to hold off paying out shareholder dividends until October.

01 April 2020

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