Basel III: A global regulatory framework for more resilient banks and banking systems - revised version June 2011

Comments on the revision:

The Basel Committee on Banking Supervision has completed its review of and finalised the Basel III capital treatment for counterparty credit risk in bilateral trades. The review resulted in a minor modification of the credit valuation adjustment (CVA), which is the risk of loss caused by changes in the credit spread of a counterparty due to changes in its credit quality (also referred to as the market value of counterparty credit risk). See the related press release. 

• Revised version of the Basel III capital rules reflecting the CVA modification (1 June 2011)
• Original version (December 2010)