The Basel Committee on Banking Supervision has issued a new paper entitled ‘Second Working Paper on the Treatment of Securitisation’. The paper describes the rationale behind the proposed capital framework for securitisation exposures presented in the third quantitative impact study (or QIS3) which was released on 1 October 2002. The paper discusses some of the new elements of the securitisation framework, such as improvements made to the IRB treatment, as well as those concerning liquidity facilities and structures containing early amortisation features, which are all aimed at improving the risk-sensitivity of the minimum capital requirements. The Basel Committee is also seeking input on the supervisory review component (pillar 2) of the securitisation framework.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.