The Basel Committee on Banking Supervision has issued its first progress report on Basel III implementation. The report provides a high-level view of Basel Committee members’ progress in adopting Basel II, Basel 2.5 and Basel III, as of end September 2011. It focuses on the status of domestic rule-making processes to ensure that the committee’s capital standards are transformed into national law or regulation according to the internationally agreed timeframes. The committee believes that disclosure will provide additional incentive for members to fully comply with the international agreements.
Stefan Ingves, Basel Committee chairman and governor of Sweden’s central bank, said that “a critical first step in the Basel III implementation process is to ensure that all of our members implement the framework consistent with agreed timelines. The progress report released today reflects the Basel Committee’s strong commitment for timely, full and consistent implementation of Basel III.”
As announced on 28 September 2011, the committee has adopted a comprehensive framework to monitor and review its members’ implementation of the Basel regulatory capital framework. This report discloses the status of members’ adoption of the capital framework. A subsequent element of the committee’s framework will be to review the consistency of members’ national rules or regulations with the international minimum standard to identify differences that could raise prudential or level playing field concerns.
The framework will also review the measurement of risk-weighted assets in both the banking book and the trading book to ensure consistency in practice across banks and jurisdictions. The committee’s preparations are well advanced so that these reviews can commence by the beginning of 2012.
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