The Basel Committee on Banking Supervision met with the Core Principles Liaison Group in Krakow recently. Following the meeting the Basel Committee issued several documents. Regarding Basel II, the Committee issued guidance on the estimation of loss given default (LGD) during economic downturn conditions. In addition, the Committee reviewed the results of its joint work with the International Organization of Securities Commissions (IOSCO) on the treatment of certain trading-related exposures and double default effects under Basel II. The Committee issued a consultative paper on supervisory guidance for the use by banking organisations of the fair value option amendment issued by the IASB on 16th June 2005. Two key areas of supervisory guidance are addressed: first, what constitutes a set of sound risk management and control processes around use of the option; and, second, how a bank’s use of the option might affect supervisory assessments of a bank’s risk management systems and regulatory capital.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more