http://www.bis.org/list/bcbs/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. en http://www.bis.org/publ/bcbs_wp21.htm Abstract of the BCBS Working Paper "Models and tools for macroprudential analysis" (Basel Committee Working Paper No. 21) - May 2012 Models and tools for macroprudential analysis 2012-05-15T07:43:00Z Models and tools for macroprudential analysis 2012-05-15T07:43:00Z BIS financial accelerator financial stability macroprudential transmission channels Financial system liquidity channel PDF version http://www.bis.org/publ/bcbs_wp21.pdf May 2012 Bank for International Settlements: BCBS Working Papers 21 http://www.bis.org/publ/bcbs_wp20.htm Abstract of the BCBS Working Paper "The policy implications of transmission channels between the financial system and the real economy" (Basel Committee Working Paper No. 20) - May 2012 The policy implications of transmission channels between the financial system and the real economy 2012-05-15T07:40:00Z The policy implications of transmission channels between the financial system and the real economy 2012-05-15T07:40:00Z BIS financial accelerator financial stability macroprudential transmission channels Financial system liquidity channel PDF version http://www.bis.org/publ/bcbs_wp20.pdf May 2012 Bank for International Settlements: BCBS Working Papers 20 http://www.bis.org/publ/bcbs219.htm Abstract of "Fundamental review of the trading book - consultative document", May 2012 This consultative document sets out a revised market risk framework and proposes a number of specific measures to improve trading book capital requirements. These proposals reflect the Committee's increased focus on achieving a regulatory framework that can be implemented consistently by supervisors and which achieves comparable levels of capital across jurisdictions. Fundamental review of the trading book - consultative document 2012-05-03T10:00:00Z This consultative document sets out a revised market risk framework and proposes a number of specific measures to improve trading book capital requirements. These proposals reflect the Committee's increased focus on achieving a regulatory framework that can be implemented consistently by supervisors and which achieves comparable levels of capital across jurisdictions. Fundamental review of the trading book - consultative document 2012-05-03T10:00:00Z BIS Basel II PDF version http://www.bis.org/publ/bcbs219.pdf May 2012 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs218.htm Abstract of "Peer review of supervisory authorities' implementation of stress testing principles", April 2012. Stress testing is an important tool used by banks to identify the potential for unexpected adverse outcomes across a range of risks and scenarios. In 2009, the Committee reviewed the performance of stress testing practices during the financial crisis and published recommendations for banks and supervisors entitled Principles for sound stress testing practices and supervision. As part of its mandate to assess the implementation of standards across countries and to foster the promotion of good supervisory practice, the Committee's Standards Implementation Group (SIG) conducted a peer review during 2011 of supervisory authorities' implementation of the principles. The review found that ... Peer review of supervisory authorities' implementation of stress testing principles 2012-04-13T11:50:00Z Stress testing is an important tool used by banks to identify the potential for unexpected adverse outcomes across a range of risks and scenarios. In 2009, the Committee reviewed the performance of stress testing practices during the financial crisis and published recommendations for banks and supervisors entitled Principles for sound stress testing practices and supervision. As part of its mandate to assess the implementation of standards across countries and to foster the promotion of good supervisory practice, the Committee's Standards Implementation Group (SIG) conducted a peer review during 2011 of supervisory authorities' implementation of the principles. The review found that stress testing has become a key component of the supervisory assessment process as well as a tool for contingency planning and communication. Countries are, however, at varying stages of maturity in the implementation of the principles; as a result, more work remains to be done to fully implement the principles in many countries. Overall, the review found the 2009 stress testing principles to be generally effective. The Committee, however, will continue to monitor implementation of the principles and determine whether, in the future, additional guidance might be necessary. Peer review of supervisory authorities' implementation of stress testing principles 2012-04-13T11:50:00Z BIS Stress testing implementation peer review PDF version http://www.bis.org/publ/bcbs218.pdf April 2012 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs217.htm Abstract of "Results of the Basel III monitoring exercise as of 30 June 2011", April 2012. This report summarises the aggregate results of the latest Basel III monitoring exercise, using data as of 30 June 2011. The Committee believes that the information contained in the report will provide the relevant stakeholders with a useful benchmark for analysis. Results of the Basel III monitoring exercise as of 30 June 2011 2012-04-12T13:00:00Z This report summarises the aggregate results of the latest Basel III monitoring exercise, using data as of 30 June 2011. The Committee believes that the information contained in the report will provide the relevant stakeholders with a useful benchmark for analysis. Results of the Basel III monitoring exercise as of 30 June 2011 2012-04-12T13:00:00Z BIS QIS basel iii impact PDF version http://www.bis.org/publ/bcbs217.pdf April 2012 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs216.htm Abstract of "Basel III regulatory consistency assessment programme", April 2011. Full, timely and consistent implementation of Basel III is fundamental to raising the resilience of the global banking system, in maintaining market confidence in regulatory ratios and in providing a level playing field. The benefits of the recent round of regulatory reforms will not be realised without implementation. To aid the implementation process, members of the Basel Committee have agreed on ... Basel III regulatory consistency assessment programme 2012-04-03T13:00:00Z Full, timely and consistent implementation of Basel III is fundamental to raising the resilience of the global banking system, in maintaining market confidence in regulatory ratios and in providing a level playing field. The benefits of the recent round of regulatory reforms will not be realised without implementation. To aid the implementation process, members of the Basel Committee have agreed on an assessment programme that will review and report on their implementation of Basel III. The assessment programme will be conducted on three levels: Level 1: ensuring the timely adoption of Basel III; Level 2: ensuring regulatory consistency with Basel III; and Level 3: ensuring consistency of risk-weighted asset outcomes. This document describes the Level 2 review programme, which utilises a peer review process to assess the compliance of individual jurisdiction's domestic regulations with the international minimum requirements defined by the Basel Committee. By identifying domestic regulations and provisions that are not consistent with the rules agreed by the Committee and by assessing and reporting on their impact on financial stability and on the international level playing field, this programme is intended to promote full and consistent implementation of Basel III. It will also facilitate an effective dialogue among members and to provide peer pressure if needed. Basel III regulatory consistency assessment programme 2012-04-03T13:00:00Z BIS basel iii implementation country review PDF version http://www.bis.org/publ/bcbs216.pdf April 2012 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs215.htm Abstract of "Progress report on Basel III implementation (update published in April 2012)", April 2011. This updated Progress report on Basel III implementation provides a high-level view of Basel Committee members' progress in adopting Basel II, Basel 2.5 and Basel III, as of end March 2012. It focuses on the status of domestic rule-making processes to ensure that the Committee's capital standards are transformed into national law or regulation according to the internationally agreed timeframes. The Committee believes that disclosure will provide additional incentive for members to fully comply with the international agreements. This report updates the Committee's October 2011 progress report. Progress report on Basel III implementation (update published in April 2012) 2012-04-03T10:53:00Z This updated Progress report on Basel III implementation provides a high-level view of Basel Committee members' progress in adopting Basel II, Basel 2.5 and Basel III, as of end March 2012. It focuses on the status of domestic rule-making processes to ensure that the Committee's capital standards are transformed into national law or regulation according to the internationally agreed timeframes. The Committee believes that disclosure will provide additional incentive for members to fully comply with the international agreements. This report updates the Committee's October 2011 progress report. Progress report on Basel III implementation (update published in April 2012) 2012-04-03T10:53:00Z BIS basel iii implementation PDF version http://www.bis.org/publ/bcbs215.pdf April 2012 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/joint28.htm Joint Forum report on intra-group support measures, February 2012 Report on intra-group support measures 2012-02-15T08:27:00Z The objective of this report is to assist national supervisors in gaining a better understanding of the use of intra-group support measures in times of stress or unexpected loss by financial groups across the banking, insurance and securities sectors. The report provides an important overview of intra-group support measures used in practice at a time when authorities are increasingly focused on ways to ensure banks and other financial entities can be wound down in an orderly manner during periods of distress. Report on intra-group support measures 2012-02-15T08:27:00Z BIS intra-group support intra-group transactions capital management liquidity management PDF version http://www.bis.org/publ/joint28.pdf February 2012 Bank for International Settlements: BCBS Publications 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 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 group-wide supervision supervisory coordination supervisory power 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/bcbs_nl16.htm Abstract of Basel Committee Newsletter No.16 on "High cost credit protection", December 2011 High cost credit protection 2011-12-16T09:50:00Z High cost credit protection 2011-12-16T09:50:00Z BIS securitisation risk mitigation credit protection premia, significant risk transfer Pillar 2 December 2011 Bank for International Settlements: Basel Committee newsletter 16 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 frequently asked questions basel iii FAQs Definition of capital 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