http://www.bis.org/list/bcbs/tid_158/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. Supervision en http://www.bis.org/publ/joint36.htm The report, the result of a recent self-assessment survey of Joint Forum members, presents findings on how far cross-sectoral issues, and specific questions related to financial conglomerates, are effectively addressed within supervisory colleges. This stocktaking exercise also provides information on the implementation of the Joint Forum Principles for the Supervision of Financial Conglomerates and, in particular, Principle 6 relating to supervisory cooperation, coordination and information-sharing. Report on supervisory colleges for financial conglomerates 2014-09-03T06:30:00Z The report, the result of a recent self-assessment survey of Joint Forum members, presents findings on how far cross-sectoral issues, and specific questions related to financial conglomerates, are effectively addressed within supervisory colleges. This stocktaking exercise also provides information on the implementation of the Joint Forum Principles for the Supervision of Financial Conglomerates and, in particular, Principle 6 relating to supervisory cooperation, coordination and information-sharing. Report on supervisory colleges for financial conglomerates 2014-09-03T06:30:00Z BIS PDF version http://www.bis.org/publ/joint36.pdf September 2014 Bank for International Settlements: BCBS Publications 36 http://www.bis.org/publ/bcbs287.htm Key changes include: greater emphasis on ongoing collaboration and information-sharing; reinforced expectation that a balance be struck between core college effectiveness and host involvement; expectation that home and host supervisors will put in place appropriate mechanisms and sufficient resources for effective and timely information exchange; ... Principles for effective supervisory colleges 2014-06-26T08:00:00Z Supervisory colleges play an important role in the effective supervision of international banking groups. They can enhance information-sharing among supervisors, help the development of a shared agenda for addressing risks and vulnerabilities and provide a platform for communicating key supervisory messages among college members. The Principles aim to promote and strengthen the operation of colleges and have been revised to reflect observations on best practice. The revisions underscore the importance of continuous collaboration and information-sharing outside the formal college meetings. They also incorporate recent supervisory developments, such as the formation of crisis management groups (CMGs) and greater focus on macroprudential considerations. Principles for effective supervisory colleges 2014-06-26T08:00:00Z BIS supervisory colleges home-host cooperation PDF version http://www.bis.org/publ/bcbs287.pdf June 2014 Bank for International Settlements: BCBS Publications 287 http://www.bis.org/publ/bcbs285.htm All supervisors face the problem of dealing with weak banks. Early identification and intervention is critical. This report provides a toolkit for supervisors and international financial institutions advising supervisors. Supervisory guidelines for identifying and dealing with weak banks - consultative report 2014-06-18T08:00:00Z Supervisory guidelines for identifying and dealing with weak banks - consultative report 2014-06-18T08:00:00Z BIS resolution supervisory review process weak banks early corrective action PDF version http://www.bis.org/publ/bcbs285.pdf June 2014 Bank for International Settlements: BCBS Publications 285 http://www.bis.org/publ/joint35.htm The final report identifies and assesses differences and gaps in regulatory approaches to point of sale (POS) disclosure for investment and savings products across the insurance, banking and securities sectors. It considers whether regulatory approaches to POS disclosure need to be further aligned across sectors and sets out eight recommendations, directed mainly to policymakers and supervisors, to assist them in considering, developing or modifying their POS disclosure regulations. Changes made to the consultation document are explained in a feedback statement annexed to the final report. Point of Sale disclosure in the insurance, banking and securities sectors - final report 2014-04-30T09:00:00Z The final report identifies and assesses differences and gaps in regulatory approaches to point of sale (POS) disclosure for investment and savings products across the insurance, banking and securities sectors. It considers whether regulatory approaches to POS disclosure need to be further aligned across sectors and sets out eight recommendations, directed mainly to policymakers and supervisors, to assist them in considering, developing or modifying their POS disclosure regulations. An earlier version of this report was issued for consultation in August 2013. The Joint Forum wishes to thank those who provided feedback and comments as these were instrumental in revising and finalising the report and its recommendations. The changes made to the consultation document are explained in a feedback statement annexed to the final report. Point of Sale disclosure in the insurance, banking and securities sectors - final report 2014-04-30T09:00:00Z BIS consumer protection collective investment cross-sectoral collective investment scheme PDF version http://www.bis.org/publ/joint35.pdf April 2014 Bank for International Settlements: BCBS Publications 35 http://www.bis.org/publ/bcbs280.htm Abstract of "External Audits of Banks - final document", March 2014. The recent financial crisis not only revealed weaknesses in risk management, control and governance processes at banks, but also highlighted the need to improve the quality of external audits of banks. Given the central role banks play in contributing to financial stability, and therefore the need for market confidence in the quality of external audits of banks' financial statements, the Basel Committee is issuing this guidance on external audits of banks. External audits of banks - final document 2014-03-31T09:30:00Z The recent financial crisis not only revealed weaknesses in risk management, control and governance processes at banks, but also highlighted the need to improve the quality of external audits of banks. Given the central role banks play in contributing to financial stability, and therefore the need for market confidence in the quality of external audits of banks' financial statements, the Basel Committee is issuing this guidance on external audits of banks. This document describes supervisory expectations regarding audit quality and how that relates to the work of the external auditor and of the audit Committee in a bank. Implementation of the principles and the explanatory guidance is expected to improve the quality of bank audits and enhance the effectiveness of prudential supervision which is an important element of financial stability. External audits of banks - final document 2014-03-31T09:30:00Z BIS audit external auditors financial reporting accounting corporate governance audit committee audit firms risks of material mistatement professional scepticism rotation financial audit statutory audit PDF version http://www.bis.org/publ/bcbs280.pdf March 2014 Bank for International Settlements: BCBS Publications 280 http://www.bis.org/publ/bcbs277.htm Abstract of "A Sound Capital Planning Process: Fundamental Elements", January 2014 The Basel Committee has issued these sound practices to foster overall improvement in banks' capital planning practices. Indeed, an important lesson from the financial crisis concerned the need for banks to improve and strengthen their capital planning. Some of the observed ... A sound capital planning process: fundamental elements 2014-01-23T10:00:00Z The Basel Committee has issued these sound practices to foster overall improvement in banks' capital planning practices. Indeed, an important lesson from the financial crisis concerned the need for banks to improve and strengthen their capital planning. Some of the observed weaknesses reflected processes that were not sufficiently comprehensive, appropriately forward-looking or adequately formalised. As a consequence, some banks underestimated the risks inherent in their business strategies and, in turn, misjudged their capital needs. A sound capital planning process: fundamental elements 2014-01-23T10:00:00Z BIS Stress testing Pillar 2 governance Capital policy ICCAP Risk capture Pillar II Internal control PDF version http://www.bis.org/publ/bcbs277.pdf January 2014 Bank for International Settlements: BCBS Publications 277 http://www.bis.org/publ/bcbs276.htm Abstract of "Revised good practice principles for supervisory colleges - consultative document", January 2014 The Basel Committee on Banking Supervision has today issued a consultative document on Revised good practice principles for supervisory colleges. The Committee seeks to ensure that the principles remain fit for purpose and that they describe how high quality supervisory colleges ... Revised good practice principles for supervisory colleges - consultative document 2014-01-23T09:30:00Z The Basel Committee on Banking Supervision has today issued a consultative document on Revised good practice principles for supervisory colleges. The Committee seeks to ensure that the principles remain fit for purpose and that they describe how high quality supervisory colleges typically function. The key changes include the following: Principle 1 now places greater emphasis on collaboration and information-sharing on an ongoing basis. Principle 2 provides greater clarity on the expectation to strike a balance between core college effectiveness and host involvement. Principle 3 includes ... Revised good practice principles for supervisory colleges - consultative document 2014-01-23T09:30:00Z BIS supervisory colleges home-host cooperation PDF version http://www.bis.org/publ/bcbs276.pdf January 2014 Bank for International Settlements: BCBS Publications 276 http://www.bis.org/publ/bcbs275.htm Abstract of "Sound management of risks related to money laundering and financing of terrorism", January 2014 The Basel Committee on Banking Supervision has issued a set of guidelines to describe how banks should include risks related to money laundering and financing of terrorism within their overall risk management framework Sound management of risks related to money laundering and financing of terrorism 2014-01-15T15:00:00Z The Basel Committee on Banking Supervision has issued a set of guidelines to describe how banks should include risks related to money laundering and financing of terrorism within their overall risk management framework. Prudent management of these risks, together with effective supervisory oversight, is critical in protecting the safety and soundness of banks as well as the integrity of the financial system. Failure to manage these risks can expose banks to serious reputational, operational, compliance and other risks. Sound management of risks related to money laundering and financing of terrorism 2014-01-15T15:00:00Z BIS FATF AML/CFT CDD criminal activities PDF version http://www.bis.org/publ/bcbs275.pdf January 2014 Bank for International Settlements: BCBS Publications 275 http://www.bis.org/publ/bcbs273.htm Abstract of "Guidance for Supervisors on Market-Based Indicators of Liquidity", January 2014 The Basel Committee has published Guidance for supervisors on market-based indicators of liquidity. This document has been published to assist supervisors in their evaluation of the liquidity profile of assets held by banks, and to help promote ... Guidance for Supervisors on Market-Based Indicators of Liquidity 2014-01-12T17:45:00Z The Basel Committee has published Guidance for supervisors on market-based indicators of liquidity. This document has been published to assist supervisors in their evaluation of the liquidity profile of assets held by banks, and to help promote greater of consistency in High Quality Liquid Assets (HQLA) classifications across jurisdictions, for the purposes of Basel III's LCR. Importantly, the guidance does not change the definition of HQLA within the LCR; rather, it helps supervisors assess whether assets are suitably liquid for LCR purposes. Guidance for Supervisors on Market-Based Indicators of Liquidity 2014-01-12T17:45:00Z BIS PDF version http://www.bis.org/publ/bcbs273.pdf January 2014 Bank for International Settlements: BCBS Publications 273 http://www.bis.org/publ/joint34.htm Abstract of "Longevity risk transfer market: market structure, growth drivers and impediments, and potential risks", December 2013 Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks 2013-12-20T10:29:00Z Ageing populations pose serious social policy and regulatory/supervisory challenges in many countries. Longevity risk - the risk of paying out on pensions and annuities for longer than anticipated - is significant when measured from a financial perspective. Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks is a forward-looking report released by the Joint Forum on longevity risk transfer (LRT) markets. It makes the following recommendations to policymakers and supervisors: ... Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks 2013-12-20T10:29:00Z BIS insurance pension funds buy-out longevity swaps buy-in PDF version http://www.bis.org/publ/joint34.pdf December 2013 Bank for International Settlements: BCBS Publications 34 http://www.bis.org/publ/bcbs268.htm Abstract of "Progress in adopting the principles for effective risk data aggregation and risk reporting", December 2013. Progress in adopting the principles for effective risk data aggregation and risk reporting 2013-12-18T10:00:00Z The progress report provides a snapshot of G-SIBs' overall preparedness to comply with the Principles, as well as the related challenges they face. G-SIBs are increasingly aware of the importance of this topic and have taken steps towards fully implementing the Principles. Nevertheless, many banks are facing difficulties in establishing strong data aggregation governance, architecture and processes, which collectively represent the initial stage of implementation. Instead, they resort to extensive manual workarounds. Notably, of the 30 banks that were identified as G-SIBs during 2011 and 2012, 10 reported that they will not be able to fully comply with the Principles by the 2016 deadline. The main reason reported is large, ongoing, multi-year IT and data-related projects. Progress in adopting the principles for effective risk data aggregation and risk reporting 2013-12-18T10:00:00Z BIS bank resolution corporate governance G-SIBs Self-assessment survey IT governance and infrastructure PDF version http://www.bis.org/publ/bcbs268.pdf December 2013 Bank for International Settlements: BCBS Publications 268 http://www.bis.org/publ/bcbs260.htm Abstract of "Report to G20 Leaders on monitoring implementation of Basel III regulatory reforms", August 2013 Full, timely and consistent implementation of Basel III remains fundamental to building a resilient financial system, maintaining public confidence in regulatory ratios and providing a level playing field for internationally active banks. This report updates G20 Leaders on progress in adopting the Basel III regulatory reforms since the Basel Committee on Banking Supervision issued its April 2013 report... Report to G20 Leaders on monitoring implementation of Basel III regulatory reforms 2013-08-27T08:00:00Z Full, timely and consistent implementation of Basel III remains fundamental to building a resilient financial system, maintaining public confidence in regulatory ratios and providing a level playing field for internationally active banks. This report updates G20 Leaders on progress in adopting the Basel III regulatory reforms since the Basel Committee on Banking Supervision issued its April 2013 report... Report to G20 Leaders on monitoring implementation of Basel III regulatory reforms 2013-08-27T08:00:00Z BIS peer review level 1 level 2 level 3 RCAP PDF version http://www.bis.org/publ/bcbs260.pdf August 2013 Bank for International Settlements: BCBS Publications 260 http://www.bis.org/publ/joint33.htm Full text of "Mortgage insurance: market structure, underwriting cycle and policy implications" - Final document released by the Joint Forum, August 2013. Mortgage insurance: market structure, underwriting cycle and policy implications - final document 2013-08-20T10:00:00Z This report on "Mortgage insurance: market structure, underwriting cycle and policy implications" examines the interaction of mortgage insurers with mortgage originators and underwriters. The makes the following set of recommendations directed at policymakers and supervisors which aim at reducing the likelihood of mortgage insurance stress and failure in such tail events. Mortgage insurance: market structure, underwriting cycle and policy implications - final document 2013-08-20T10:00:00Z BIS cycles mortgage originators incentives arbitrage underwriting PDF version http://www.bis.org/publ/joint33.pdf August 2013 Bank for International Settlements: BCBS Publications 33 http://www.bis.org/publ/joint32.htm Abstract of "Point of Sale disclosure in the insurance, banking and securities sectors", August 2013 Point of Sale disclosure in the insurance, banking and securities sectors identifies and assesses differences and gaps in regulatory approaches to point of sale (POS) disclosure for investment and savings products across the insurance, banking and securities sectors. The report considers whether regulatory approaches to POS disclosure need to be further aligned across sectors, and it makes a number of recommendations ... Point of Sale disclosure in the insurance, banking and securities sectors - consultative report 2013-08-15T13:46:00Z Point of Sale disclosure in the insurance, banking and securities sectors identifies and assesses differences and gaps in regulatory approaches to point of sale (POS) disclosure for investment and savings products across the insurance, banking and securities sectors. The report considers whether regulatory approaches to POS disclosure need to be further aligned across sectors, and it makes a number of recommendations ... Point of Sale disclosure in the insurance, banking and securities sectors - consultative report 2013-08-15T13:46:00Z BIS consumer protection collective investment PDF version http://www.bis.org/publ/joint32.pdf August 2013 Bank for International Settlements: BCBS Publications 32 http://www.bis.org/publ/joint31.htm Abstract of "Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks", August 2013 The ageing population phenomenon being observed in many countries poses serious social policy challenges. Longevity risk - the risk of paying out on pensions and annuities longer than anticipated - is significant when measured from a financial perspective. Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks is a forward-looking report released by the Joint Forum on longevity risk transfer (LRT) markets. It makes the following recommendations ... Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks - consultative report 2013-08-15T13:17:00Z The ageing population phenomenon being observed in many countries poses serious social policy challenges. Longevity risk - the risk of paying out on pensions and annuities longer than anticipated - is significant when measured from a financial perspective. Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks is a forward-looking report released by the Joint Forum on longevity risk transfer (LRT) markets. It makes the following recommendations ... Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks - consultative report 2013-08-15T13:17:00Z BIS insurance arbitrage pension underwriting PDF version http://www.bis.org/publ/joint31.pdf August 2013 Bank for International Settlements: BCBS Publications 31