http://www.bis.org/list/bcbs/tid_29/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. Other risks en http://www.bis.org/publ/bcbs283.htm This Basel Committee on Banking Supervision standard sets out a supervisory framework for measuring and controlling large exposures. The framework is scheduled to take effect from 1 January 2019 and will supersede the Committee's 1991 standard on this topic. Since publication of the original standard, the financial system has changed dramatically. While many jurisdictions modelled their national rules after the Committee's 1991 guidance, there have been inconsistent results across jurisdictions due to differences in measures of exposure, measures of capital and numerical limits. The revised framework will help ensure a common minimum standard for measuring, aggregating and controlling single name concentration risk across jurisdictions. Supervisory framework for measuring and controlling large exposures - final standard 2014-04-15T09:55:00Z This Basel Committee on Banking Supervision standard sets out a supervisory framework for measuring and controlling large exposures. The framework is scheduled to take effect from 1 January 2019 and will supersede the Committee's 1991 standard on this topic. Since publication of the original standard, the financial system has changed dramatically. While many jurisdictions modelled their national rules after the Committee's 1991 guidance, there have been inconsistent results across jurisdictions due to differences in measures of exposure, measures of capital and numerical limits. The revised framework will help ensure a common minimum standard for measuring, aggregating and controlling single name concentration risk across jurisdictions. Supervisory framework for measuring and controlling large exposures - final standard 2014-04-15T09:55:00Z BIS risk exposures large exposures risk concentrations concentration risk connected counterparties PDF version http://www.bis.org/publ/bcbs283.pdf April 2014 Bank for International Settlements: BCBS Publications 283 http://www.bis.org/publ/bcbs282.htm Abstract of "Capital requirements for bank exposures to central counterparties - final standard", April 2014. The Basel Committee completed its work on the capital treatment of bank exposures to central counterparties, following a collaborative effort between the BCBS, the CPSS, and IOSCO to improve upon the interim capital requirements that were published in July 2012. The final standard will take effect on 1 January 2017. The interim requirements will continue to apply until that time. The final standard differs from the interim requirements by: ... Capital requirements for bank exposures to central counterparties - final standard 2014-04-10T08:00:00Z The Basel Committee completed its work on the capital treatment of bank exposures to central counterparties, following a collaborative effort between the BCBS, the Committee on Payment and Settlement Systems (CPSS), and the International Organization of Securities Commissions (IOSCO) to improve upon the interim capital requirements that were published in July 2012. The final standard will take effect on 1 January 2017. The interim requirements will continue to apply until that time. The final standard differs from the interim requirements by: including a single approach for calculating capital requirements for a bank's exposure that arises from its contributions to the mutualised default fund of a qualifying CCP (QCCP); employing the standardised approach for counterparty credit risk (as opposed to the Current Exposure Method) to measure the hypothetical capital requirement of a CCP; including an explicit cap on the capital charges applicable to a bank's exposures to a QCCP; specifying how to treat multi-level client structures whereby an institution clears its trades through intermediaries linked to a CCP; and incorporating responses to frequently asked questions posed to the Basel Committee in the course of its work on the final standard. Capital requirements for bank exposures to central counterparties - final standard 2014-04-10T08:00:00Z BIS capital CCPs PDF version http://www.bis.org/publ/bcbs282.pdf April 2014 Bank for International Settlements: BCBS Publications 282 http://www.bis.org/publ/bcbs279.htm Abstract of "The standardised approach for measuring counterparty credit risk exposures - final document", March 2014 The Basel Committee's final standard on "The standardised approach for measuring counterparty credit risk exposures" includes a comprehensive, non-modelled approach for measuring counterparty credit risk associated with OTC derivatives, exchange-traded derivatives, and long settlement transactions. The new standardised approach (SA-CCR) replaces both the Current Exposure Method (CEM) and the Standardised Method (SM) in the capital adequacy framework. In addition, the IMM shortcut method will be eliminated from the framework once the SA-CCR takes effect, which is scheduled for 1 January 2017. The standardised approach for measuring counterparty credit risk exposures 2014-03-31T09:00:00Z The Basel Committee's final standard on "The standardised approach for measuring counterparty credit risk exposures" includes a comprehensive, non-modelled approach for measuring counterparty credit risk associated with OTC derivatives, exchange-traded derivatives, and long settlement transactions. The new standardised approach (SA-CCR) replaces both the Current Exposure Method (CEM) and the Standardised Method (SM) in the capital adequacy framework. In addition, the IMM shortcut method will be eliminated from the framework once the SA-CCR takes effect, which is scheduled for 1 January 2017. The standardised approach for measuring counterparty credit risk exposures 2014-03-31T09:00:00Z BIS OTC derivatives counterparty credit risk exposure at default standardised method current exposure method CEM potential future exposure EAD IMM shortcut method SA-CCR exchange-traded derivatives SM long settlement transations NIMM non-internal model method replacement cost PDF version http://www.bis.org/publ/bcbs279.pdf March 2014 Bank for International Settlements: BCBS Publications 279 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/bcbs252.htm Abstract of "Sound management of risks related to money laundering and financing of terrorism - consultative document", June 2013 In February 2012, the Financial Action Task Force (FATF) released a revised version of the International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation (the FATF standards), to which the Committee provided input. The Committee's intention in issuing this consultative paper is to support countries' implementation of the FATF standards with respect to their banks and banking groups, by exploring complementary areas and ... Sound management of risks related to money laundering and financing of terrorism - consultative document 2013-06-27T08:00:00Z The Basel Committee has a long-standing commitment to promote the implementation of sound policies and procedures to combat money laundering (ML) and the financing of terrorism (FT). Its commitment to combating ML and FT is fully aligned with its mandate to strengthen the regulation, supervision and practices of banks worldwide with the purpose of enhancing financial stability. Prudent management of risks related to ML and FT along with effective supervisory oversight are critical in protecting the safety and soundness of banks and the integrity of the international financial system. The inadequacy or absence of sound management can increase the exposure of banks to serious risks, especially reputational, operational, compliance and concentration risks. Recent developments, including robust enforcement actions taken by regulators and the corresponding direct and indirect costs incurred by banks due to their lack of diligence in applying appropriate risk management policies, procedures and controls, have highlighted those risks. These costs and damage could probably have been avoided had the banks maintained effective risk-based policies and procedures to protect against risks arising from ML and FT. In February 2012, the Financial Action Task Force (FATF) released a revised version of the International Standards on Combating Money Laundering and the Financing of Terrorism and Proliferation (the FATF standards), to which the Committee provided input. The Committee's intention in issuing this consultative paper is to support countries' implementation of the FATF standards with respect to their banks and banking groups, by exploring complementary areas and leveraging the expertise available in both organisations. Therefore, these guidelines are intended to be ... Sound management of risks related to money laundering and financing of terrorism - consultative document 2013-06-27T08:00:00Z BIS FATF CDD criminal activities PDF version http://www.bis.org/publ/bcbs252.pdf June 2013 Bank for International Settlements: BCBS Publications 252 http://www.bis.org/publ/bcbs241.htm Full text of "Supervisory guidance for managing risks associated with the settlement of foreign exchange transactions", February 2013 Supervisory guidance for managing risks associated with the settlement of foreign exchange transactions 2013-02-15T08:21:00Z The purpose of this guidance is to provide updated guidance to supervisors and the banks they supervise on approaches to managing the risks associated with the settlement of FX transactions. This guidance expands on, and replaces, the BCBS's Supervisory guidance for managing settlement risk in foreign exchange transactions published in September 2000. Supervisory guidance for managing risks associated with the settlement of foreign exchange transactions 2013-02-15T08:21:00Z BIS Payment-versus-payment (PVP) arrangements FX settlements-related risks PDF version http://www.bis.org/publ/bcbs241.pdf February 2013 Bank for International Settlements: BCBS Publications 241 http://www.bis.org/publ/bcbs239.htm Abstract of "Principles for effective risk data aggregation and risk reporting", January 2013. The financial crisis that began in 2007 revealed that many banks, including global systemically important banks (G-SIBs), were unable to aggregate risk exposures and identify concentrations fully, quickly and accurately. This meant that banks' ability to take risk decisions in a timely fashion was seriously impaired with wide-ranging consequences for the banks themselves and for the stability of the financial system as a whole. The Basel Committee's Principles for effective risk data aggregation will strengthen banks' risk data aggregation capabilities and internal risk reporting practices. Implementation of the principles will strengthen risk management at banks - in particular, G-SIBs - thereby enhancing their ability to cope with stress and crisis situations. Principles for effective risk data aggregation and risk reporting 2013-01-09T11:00:00Z The financial crisis that began in 2007 revealed that many banks, including global systemically important banks (G-SIBs), were unable to aggregate risk exposures and identify concentrations fully, quickly and accurately. This meant that banks' ability to take risk decisions in a timely fashion was seriously impaired with wide-ranging consequences for the banks themselves and for the stability of the financial system as a whole. The Basel Committee's Principles for effective risk data aggregation will strengthen banks' risk data aggregation capabilities and internal risk reporting practices. Implementation of the principles will strengthen risk management at banks - in particular, G-SIBs - thereby enhancing their ability to cope with stress and crisis situations. Principles for effective risk data aggregation and risk reporting 2013-01-09T11:00:00Z BIS bank resolution corporate governance data aggregation Risk reporting PDF version http://www.bis.org/publ/bcbs239.pdf January 2013 Bank for International Settlements: BCBS Publications 239 http://www.bis.org/publ/bcbs229.htm Supervisory guidance for managing risks associated with the settlement of foreign exchange transactions - consultative document - August 2012 Supervisory guidance for managing risks associated with the settlement of foreign exchange transactions - consultative document 2012-08-17T12:29:00Z Since the BCBS's Supervisory guidance for managing settlement risk in foreign exchange transactions (2000) was published, the foreign exchange market has made significant strides in reducing the risks associated with the settlement of FX transactions. Substantial FX settlement-related risks remain, however, not least because of the rapid growth in the FX trading. The consultative document aims to review and update the last supervisory guidance in order to ensure that such risks are properly managed: it will provide a more comprehensive and detailed view on governance arrangements and the management of principal risk, replacement cost risk and all other FX settlement-related risks. In addition, it promotes the use of payment-versus-payment arrangements, where practicable, to reduce principal risk. Supervisory guidance for managing risks associated with the settlement of foreign exchange transactions - consultative document 2012-08-17T12:29:00Z BIS Payment-versus-payment (PVP) arrangements FX settlements-related risks PDF version http://www.bis.org/publ/bcbs229.pdf August 2012 Bank for International Settlements: BCBS Publications 229 http://www.bis.org/publ/bcbs222.htm Abstract text of "Principles for effective risk data aggregation and risk reporting - consultative document", June 2012 Principles for effective risk data aggregation and risk reporting - consultative document 2012-06-26T12:11:00Z The Basel Committee on Banking Supervision has published a set of disclosure requirements on the composition of banks' capital. During the financial crisis, market participants and supervisors were hampered in their efforts to undertake detailed assessments of banks' capital positions and make cross-jurisdictional comparisons. The source of this difficulty was insufficiently detailed disclosure by banks and a lack of consistency in reporting between banks and across jurisdictions. This lack of clarity may have contributed to uncertainty during the financial crisis. The disclosure requirements aim to improve market discipline through enhancing both transparency and comparability. Principles for effective risk data aggregation and risk reporting - consultative document 2012-06-26T12:11:00Z BIS risk management supervision implementation data aggregation G-SIBs G20 Reforms IT Risk reporting PDF version http://www.bis.org/publ/bcbs222.pdf June 2012 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs194.htm Abstract of "Range of methodologies for risk and performance alignment of remuneration - final document", May 2011 Range of methodologies for risk and performance alignment of remuneration - final document 2011-05-12T15:00:00Z Range of methodologies for risk and performance alignment of remuneration - final document 2011-05-12T15:00:00Z BIS remuneration risk adjusted compensation risk adjusted remuneration risk adjusted bonuses performance based pay PDF version http://www.bis.org/publ/bcbs194.pdf May 2011 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/joint24.htm Abstract of Joint Forum publication 'Review of the Differentiated Nature and Scope of Financial Regulation', January 2010. Review of the Differentiated Nature and Scope of Financial Regulation - Key Issues and Recommendations 2010-01-08T10:00:00Z Review of the Differentiated Nature and Scope of Financial Regulation - Key Issues and Recommendations 2010-01-08T10:00:00Z BIS credit risk transfer core principles systemic risk credit default swaps hedge funds G20 scope of regulation regulatory differences unregulated entities unregulated activities mortgage origination financial guarantee insurance PDF version http://www.bis.org/publ/joint24.pdf January 2010 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/joint23.htm Abstract of Joint Forum publication 'Report on Special Purpose Entities', September 2009. Report on Special Purpose Entities 2009-09-29T08:00:00Z Report on Special Purpose Entities 2009-09-29T08:00:00Z BIS SPE PDF version http://www.bis.org/publ/joint23.pdf September 2009 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs99.htm Executive summary of the Basel Committee on Banking Supervision publication "Management and supervision of cross-border electronic banking activities - final document" (Basel Committee Publications No. 99 - July 2003) Management and supervision of cross-border electronic banking activities - final document 2003-07-17T00:00:00Z Management and supervision of cross-border electronic banking activities - final document 2003-07-17T00:00:00Z BIS e-banking electronic banking PDF version http://www.bis.org/publ/bcbs99.pdf July 2003 Bank for International Settlements: BCBS Publications 99 http://www.bis.org/publ/bcbs98.htm Abstract of "Risk management principles for electronic banking - final document" (Basel Committee Publications No. 98 - July 2003) Risk management principles for electronic banking - final document 2003-07-16T23:00:00Z Risk management principles for electronic banking - final document 2003-07-16T23:00:00Z BIS e-banking PDF version http://www.bis.org/publ/bcbs98.pdf July 2003 Bank for International Settlements: BCBS Publications 98 http://www.bis.org/publ/bcbs93.htm Abstract of "Management and Supervision of Cross-Border Electronic Banking Activities - consultative document" (Basel Committee Publications No. 93 - October 2002) Management and Supervision of Cross-Border Electronic Banking Activities - consultative document 2002-10-22T22:00:00Z Management and Supervision of Cross-Border Electronic Banking Activities - consultative document 2002-10-22T22:00:00Z BIS e-banking internet banking PDF version http://www.bis.org/publ/bcbs93.pdf October 2002 Bank for International Settlements: BCBS Publications 93