http://www.bis.org/list/bcbs/from_01012009/index.rss Publications and updates by the Basel Committee on Banking Supervision (BCBS), including on topics related to the Basel II Framework and its implementation. 2009 to 2011 en http://www.bis.org/publ/bcbs214.htm Abstract of "Application of own credit risk adjustments to derivatives - consultative document", December 2011. A deterioration in a bank's own creditworthiness can lead to an increase in the bank's common equity as a result of a reduction in the value of its liabilities. The Basel III rules seek to prevent this. Paragraph 75 of the Basel III rules requires a bank to "[d]erecognise in the calculation of Common Equity Tier 1, all unrealised gains and losses that have resulted from changes in the fair value of liabilities that are due to changes in the bank's own credit risk". The application of paragraph 75 to fair valued derivatives is not straightforward since their valuations depend on a range of factors other than the bank's own creditworthiness. The consultative paper proposes that debit valuation adjustments (DVAs) for over-the-counter derivatives and securities financing transactions should be fully deducted in the calculation of Common Equity Tier 1. It briefly reviews other options for applying the underlying concept of paragraph 75 to these products and the reasons these alternatives were not supported by the Basel Committee. Application of own credit risk adjustments to derivatives - consultative document 2011-12-21T10:00:00Z A deterioration in a bank's own creditworthiness can lead to an increase in the bank's common equity as a result of a reduction in the value of its liabilities. The Basel III rules seek to prevent this. Paragraph 75 of the Basel III rules requires a bank to "[d]erecognise in the calculation of Common Equity Tier 1, all unrealised gains and losses that have resulted from changes in the fair value of liabilities that are due to changes in the bank's own credit risk". The application of paragraph 75 to fair valued derivatives is not straightforward since their valuations depend on a range of factors other than the bank's own creditworthiness. The consultative paper proposes that debit valuation adjustments (DVAs) for over-the-counter derivatives and securities financing transactions should be fully deducted in the calculation of Common Equity Tier 1. It briefly reviews other options for applying the underlying concept of paragraph 75 to these products and the reasons these alternatives were not supported by the Basel Committee. Application of own credit risk adjustments to derivatives - consultative document 2011-12-21T10:00:00Z BIS Debit valuation adjustments DVA PDF version http://www.bis.org/publ/bcbs214.pdf December 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs213.htm Abstract of "Core principles for effective banking supervision - consultative document", December 2011. Both the existing Core Principles and the associated assessment methodology have served their purpose well in terms of helping countries to assess their supervisory systems and identify areas for improvement. While conscious efforts were made to maintain continuity and comparability as far as possible, the Committee has merged the Core Principles and the assessment methodology into a single comprehensive document. The revised set of twenty-nine Core Principles have also been reorganised to foster their implementation through a more logical structure, highlighting the difference between what supervisors do themselves and what they expect banks to do Core principles for effective banking supervision - consultative document 2011-12-20T09:00:00Z Both the existing Core Principles and the associated assessment methodology have served their purpose well in terms of helping countries to assess their supervisory systems and identify areas for improvement. While conscious efforts were made to maintain continuity and comparability as far as possible, the Committee has merged the Core Principles and the assessment methodology into a single comprehensive document. The revised set of twenty-nine Core Principles have also been reorganised to foster their implementation through a more logical structure, highlighting the difference between what supervisors do themselves and what they expect banks to do. Core principles for effective banking supervision - consultative document 2011-12-20T09:00:00Z BIS supervisory practice core principles methodology basel core principles Assessment criteria PDF version http://www.bis.org/publ/bcbs213.pdf December 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/joint27.htm Abstract of Joint Forum publication "Principles for the supervision of financial conglomerates - consultative document", December 2011. Principles for the supervision of financial conglomerates - consultative document 2011-12-19T11:00:00Z Principles for the supervision of financial conglomerates - consultative document 2011-12-19T11:00:00Z BIS capital adequacy liquidity corporate governance group-wide supervision supervisory coordination supervisory power authority responsibility PDF version http://www.bis.org/publ/joint27.pdf December 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs212.htm Abstract of "Definition of capital disclosure requirements - consultative document", December 2011 Definition of capital disclosure requirements - consultative document 2011-12-19T09:06:00Z Definition of capital disclosure requirements - consultative document 2011-12-19T09:06:00Z BIS disclosure basel iii Definition of capital PDF version http://www.bis.org/publ/bcbs212.pdf December 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs211.htm Abstract of "Basel III definition of capital - Frequently asked questions (update of FAQs published in October 2011)", December 2011 Basel III definition of capital - Frequently asked questions (update of FAQs published in October 2011) 2011-12-16T08:58:00Z Basel III definition of capital - Frequently asked questions (update of FAQs published in October 2011) 2011-12-16T08:58:00Z BIS PDF version http://www.bis.org/publ/bcbs211.pdf December 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs210.htm Abstract of "The internal audit function in banks - consultative document", December 2011 The internal audit function in banks - consultative document 2011-12-02T10:35:00Z The internal audit function in banks - consultative document 2011-12-02T10:35:00Z BIS internal controls supervisory assessment lines of defence audit committee PDF version http://www.bis.org/publ/bcbs210.pdf December 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs209.htm Abstract of "Basel III counterparty credit risk - Frequently asked questions", November 2011 Basel III counterparty credit risk - Frequently asked questions 2011-11-21T13:00:00Z Basel III counterparty credit risk - Frequently asked questions 2011-11-21T13:00:00Z BIS FAQ credit risk charge credit valuation assessment asset value correlations PDF version http://www.bis.org/publ/bcbs209.pdf November 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs208.htm Abstract of "Interpretive issues with respect to the revisions to the market risk framework - updates as of 16 November 2011", November 2011 Interpretive issues with respect to the revisions to the market risk framework - updates from 16 November 2011 2011-11-16T14:12:00Z In this document, the Basel Committee on Banking Supervision ("the Committee") provides responses to interpretive issues regarding the Revisions to the Basel II market risk framework ("the Revisions") and the Guidelines for computing capital for incremental risk in the trading book ("the IRC Guidelines"). Updated versions of this document will be published on the Committee's website if and when additional interpretive issues arise. Unless stated otherwise, paragraph numbers given in the remainder of this document refer to the International convergence of capital measurement and capital standards: A revised framework, comprehensive version, June 2006, as amended through the Revisions to the Basel II market risk framework (updated as of 31 December 2010), February 2011. Interpretive issues with respect to the revisions to the market risk framework - updates from 16 November 2011 2011-11-16T14:12:00Z BIS Basel II value at risk basel iii IRC standardised method incremental risk capital PDF version http://www.bis.org/publ/bcbs208.pdf November 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs207.htm Abstract of "Global systemically important banks: Assessment methodology and the additional loss absorbency requirement - final document", November 2011. Global systemically important banks: Assessment methodology and the additional loss absorbency requirement - final document 2011-11-04T13:38:00Z The rules text sets out the Basel Committee's framework on the assessment methodology for global systemic importance, the magnitude of additional loss absorbency that global systemically important banks (G-SIBs) should have and the arrangements by which the requirement will be phased in. The cover note to the rules text sets out the Committee's summary and evaluation of the public comments received on the July 2011 consultative document. The rules text was finalised following a careful review of the public comments received. The work of the Basel Committee forms part of a broader effort by the Financial Stability Board to reduce the moral hazard of global systemically important institutions. The rationale for the policy measures set out in the rules text is to deal with the cross-border negative externalities created by G-SIBs which current regulatory policies do not fully address. The measures will enhance the going-concern loss absorbency of G-SIBs and reduce the probability of their failure. The assessment methodology for G-SIBs is based on an indicator-based approach and comprises five broad categories: size, interconnectedness, lack of readily available substitutes or financial institution infrastructure, global (cross-jurisdictional) activity and complexity. The additional loss absorbency requirements will range from 1% to 2.5% Common Equity Tier 1 (CET1) depending on a bank's systemic importance with an empty bucket of 3.5% CET1 as a means to discourage banks from becoming even more systemically important. The higher loss absorbency requirements will be introduced in parallel with the Basel III capital conservation and countercyclical buffers, ie between 1 January 2016 and year end 2018 becoming fully effective on 1 January 2019. Global systemically important banks: Assessment methodology and the additional loss absorbency requirement - final document 2011-11-04T13:38:00Z BIS too-big-to-fail assessment methodology systemic importance global systemically important banks capital surcharge SIFI PDF version http://www.bis.org/publ/bcbs207.pdf November 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs206.htm Abstract of "Capitalisation of bank exposures to central counterparties - second consultative document", November 2011. The Committee's proposals relate to the capitalisation of bank exposures to a central counterparty (CCP) and cover both capital requirements for default fund exposures and trade-related exposures to CCPs. The Committee will finalise the rules around year end and expects that they will be implemented in its member jurisdictions by January 2013. Capitalisation of bank exposures to central counterparties - second consultative document 2011-11-02T10:15:00Z The Committee's proposals relate to the capitalisation of bank exposures to a central counterparty (CCP) and cover both capital requirements for default fund exposures and trade-related exposures to CCPs. The Committee will finalise the rules around year end and expects that they will be implemented in its member jurisdictions by January 2013. The Committee conducted an initial consultation on this topic in December 2010. Today's consultative paper takes account of the responses received during this earlier consultation as well as the results of various impact assessments. The Committee also consulted closely with the Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO). The Basel Committee welcomes comments on the proposed rules text. Comments should be submitted by Friday, 25 November 2011. Capitalisation of bank exposures to central counterparties - second consultative document 2011-11-02T10:15:00Z BIS iosco OTC derivatives CCP International Organization of Securities Commissions trade exposures PDF version http://www.bis.org/publ/bcbs206.pdf November 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs205.htm Abstract of "Treatment of trade finance under the Basel capital framework", October 2011. The Basel Committee on Banking Supervision has evaluated the impact of Basel II and Basel III on trade finance in the context of low income countries. As a result, it adopted two technical changes to the Basel regulatory capital adequacy framework related to ... Treatment of trade finance under the Basel capital framework 2011-10-25T07:00:00Z The Basel Committee on Banking Supervision has evaluated the impact of Basel II and Basel III on trade finance in the context of low income countries. As a result, it adopted two technical changes to the Basel regulatory capital adequacy framework related to the treatment of trade finance that will help promote trade with low income countries. The Committee conducted its evaluation in consultation with the World Bank, the World Trade Organisation and the International Chamber of Commerce. The agreed changes will improve the access to and lower the cost of trade finance instruments for low income countries. Treatment of trade finance under the Basel capital framework 2011-10-25T07:00:00Z BIS basel iii trade finance Basel II Framework PDF version http://www.bis.org/publ/bcbs205.pdf October 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs204.htm Abstract of "Basel III definition of capital - Frequently asked questions (update of FAQs published in July 2011)". These FAQs are in addition to the first set of FAQs published in July 2011. The questions and answers are grouped according to the relevant paragraphs of the rules text. FAQs that have been added since the publication of the first version of this document are shaded yellow; the earlier July 2011 FAQs that have been revised are shaded red. Basel III definition of capital - Frequently asked questions (update of FAQs published in July 2011) 2011-10-20T08:00:00Z The Basel Committee on Banking Supervision has received a number of interpretation questions related to the December 2010 publication of the Basel III regulatory frameworks for capital and liquidity and the 13 January 2011 press release on the loss absorbency of capital at the point of non-viability. To help ensure a consistent global implementation of Basel III, the Committee will continue to review frequently asked questions and to periodically publish answers along with any technical elaboration of the rules text and interpretative guidance that may be necessary. The frequently asked questions (FAQs) published in this document correspond to the definition of capital sections of the Basel III rules text. These FAQs are in addition to the first set of FAQs published in July 2011. The questions and answers are grouped according to the relevant paragraphs of the rules text. FAQs that have been added since the publication of the first version of this document are shaded yellow; the earlier July 2011 FAQs that have been revised are shaded red. Basel III definition of capital - Frequently asked questions (update of FAQs published in July 2011) 2011-10-20T08:00:00Z BIS frequently asked questions FAQs Definition of capital PDF version http://www.bis.org/publ/bcbs204.pdf October 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs203.htm Abstract of "Progress report on Basel III implementation", October 2011 Progress report on Basel III implementation 2011-10-18T07:30:00Z Progress report on Basel III implementation 2011-10-18T07:30:00Z BIS Basel adoption Basel 2.5 PDF version http://www.bis.org/publ/bcbs203.pdf October 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs202.htm Abstract of the report by the Macroeconomic Assessment Group (MAG) (established by the Financial Stability Board and the Basel Committee on Banking Supervision) on "Assessment of the macroeconomic impact of higher loss absorbency for global systemically important banks", October 2011 Assessment of the macroeconomic impact of higher loss absorbency for global systemically important banks 2011-10-10T19:00:00Z Weaknesses at large financial institutions have often played a central role in the triggering and propagation of systemic financial crises. The 2007-09 financial crisis was only the most recent example. Since the crisis, authorities worldwide have sought ways to strengthen regulation and supervision of these institutions, including through efforts at the international level led by the Financial Stability Board (FSB) and the Basel Committee on Banking Supervision. As part of a package of measures for addressing these risks, the Basel Committee has made proposals for improving the loss absorbency of global systemically important banks (G-SIBs). Assessment of the macroeconomic impact of higher loss absorbency for global systemically important banks 2011-10-10T19:00:00Z BIS capital surcharge G-SIBs SIFI too big to fail GSIB GSIFI PDF version http://www.bis.org/publ/bcbs202.pdf October 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs201.htm Abstract of "Global systemically important banks: Assessment methodology and the additional loss absorbency requirement - consultative document", July 2011 Global systemically important banks: Assessment methodology and the additional loss absorbency requirement - consultative document 2011-07-19T15:30:00Z Global systemically important banks: Assessment methodology and the additional loss absorbency requirement - consultative document 2011-07-19T15:30:00Z BIS too-big-to-fail assessment methodology systemic importance global systemically important banks SIFIs capital surcharge G-SIBs GSIB interconnectedness PDF version http://www.bis.org/publ/bcbs201.pdf July 2011 Bank for International Settlements: BCBS Publications