http://www.bis.org/list/bcbs/tid_30/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. Accounting and auditing 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/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/bcbs161.htm Full text of the "Guiding principles for the replacement of IAS 39" by the Basel Committee on Banking Supervision, August 2009. Guiding principles for the replacement of IAS 39 2009-08-27T09:00:00Z Guiding principles for the replacement of IAS 39 2009-08-27T09:00:00Z BIS IAS39 Financial Stability financial reporting accounting financial instruments procyclicality IASB auditing valuations financial crisis G20 fair value measurement disclosures provisioning PDF version http://www.bis.org/publ/bcbs161.pdf August 2009 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs153.htm Abstract of 'Supervisory guidance for assessing banks' financial instrument fair value practices - final paper', April 2009 Supervisory guidance for assessing banks' financial instrument fair value practices - final paper 2009-04-14T22:00:00Z Supervisory guidance for assessing banks' financial instrument fair value practices - final paper 2009-04-14T22:00:00Z BIS fair value valuations PDF version http://www.bis.org/publ/bcbs153.pdf April 2009 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs146.htm Abstract of 'External audit quality and banking supervision', December 2008 External audit quality and banking supervision 2008-12-01T23:00:00Z External audit quality and banking supervision 2008-12-01T23:00:00Z BIS external auditors accounting auditing PDF version http://www.bis.org/publ/bcbs146.pdf December 2008 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs145.htm Abstract of 'Supervisory guidance for assessing banks' financial instrument fair value practices', November 2008 Supervisory guidance for assessing banks' financial instrument fair value practices - consultative paper 2008-11-27T23:00:00Z Supervisory guidance for assessing banks' financial instrument fair value practices - consultative paper 2008-11-27T23:00:00Z BIS fair value valuations PDF version http://www.bis.org/publ/bcbs145.pdf November 2008 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs137.htm Full text of 'Fair value measurement and modelling: An assessment of challenges and lessons learned from the market stress', June 2008. Fair value measurement and modelling: An assessment of challenges and lessons learned from the market stress 2008-06-11T22:00:00Z Fair value measurement and modelling: An assessment of challenges and lessons learned from the market stress 2008-06-11T22:00:00Z BIS fair value valuations market stress PDF version http://www.bis.org/publ/bcbs137.pdf June 2008 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs127.htm Introduction to 'Supervisory guidance on the use of the fair value option for financial instruments by banks' Supervisory guidance on the use of the fair value option for financial instruments by banks 2006-06-13T22:00:00Z Supervisory guidance on the use of the fair value option for financial instruments by banks 2006-06-13T22:00:00Z BIS PDF version http://www.bis.org/publ/bcbs127.pdf June 2006 Bank for International Settlements: BCBS Publications 127 http://www.bis.org/publ/bcbspiob01.htm First Public Report of the Public Interest Oversight Board - May 2006 For information only: First Public Report of the Public Interest Oversight Board 2006-05-16T22:00:00Z For information only: First Public Report of the Public Interest Oversight Board 2006-05-16T22:00:00Z BIS PDF version http://www.bis.org/publ/bcbspiob01.pdf May 2006 Bank for International Settlements: BCBS Publications 124 http://www.bis.org/publ/bcbs114.htm Abstract of 'Supervisory guidance on the use of the fair value option by banks under International Financial Reporting Standards' (Basel Committee Publications No. 114 - July 2005) Supervisory guidance on the use of the fair value option by banks under International Financial Reporting Standards - consultative document 2005-07-28T22:00:00Z Supervisory guidance on the use of the fair value option by banks under International Financial Reporting Standards - consultative document 2005-07-28T22:00:00Z BIS PDF version http://www.bis.org/publ/bcbs114.pdf July 2005 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs113.htm Abstract of'Compliance and the compliance function in banks' (Basel Committee Publications No. 113 - April 2005) Compliance and the compliance function in banks 2005-04-28T22:00:00Z Compliance and the compliance function in banks 2005-04-28T22:00:00Z BIS PDF version http://www.bis.org/publ/bcbs113.pdf April 2005 Bank for International Settlements: BCBS Publications http://www.bis.org/publ/bcbs103.htm Consultative document of the Basel Committee on Banking Supervision on 'The compliance function in banks' (Basel Committee Publications No. 103 - October 2003) The compliance function in banks 2003-10-26T23:00:00Z The compliance function in banks 2003-10-26T23:00:00Z BIS consultative document compliance function in banks PDF version http://www.bis.org/publ/bcbs103.pdf October 2003 Bank for International Settlements: BCBS Publications 103 http://www.bis.org/publ/bcbs92.htm Basel Committee on Banking Supervision: Internal Audit in Banks and the Supervisor's Relationship with Auditors: A Survey (Basel Committee Publications No. 92 - August 2002) Internal Audit in Banks and the Supervisor's Relationship with Auditors: A Survey 2002-07-31T22:00:00Z Internal Audit in Banks and the Supervisor's Relationship with Auditors: A Survey 2002-07-31T22:00:00Z BIS internal audit audit PDF version http://www.bis.org/publ/bcbs92.pdf August 2002 Bank for International Settlements: BCBS Publications 92 http://www.bis.org/publ/bcbs87.htm The relationship between banking supervisors and banks' external auditors 2002-01-20T23:00:00Z The relationship between banking supervisors and banks' external auditors 2002-01-20T23:00:00Z BIS banking supervisors external auditors PDF version http://www.bis.org/publ/bcbs87.pdf January 2002 Bank for International Settlements: BCBS Publications 87 http://www.bis.org/publ/bcbs84.htm Internal audit in banks and the supervisor's relationship with auditors 2001-08-27T22:00:00Z Internal audit in banks and the supervisor's relationship with auditors 2001-08-27T22:00:00Z BIS PDF version http://www.bis.org/publ/bcbs84.pdf August 2001 Bank for International Settlements: BCBS Publications 84