The Basel Committee on Banking Supervision (BCBS) has issued frequently asked questions (FAQs) on Basel III’s counterparty credit risk rules. To promote consistent global implementation of Basel III, the BCBS has agreed to periodically review FAQs and publish answers along with any technical elaboration of the rules text and interpretative guidance that may be necessary.
The Committee has received a number of interpretation questions related to the December 2010 publication of the Basel III regulatory frameworks for capital and liquidity. This publication sets out the second set of frequently asked questions that relate to counterparty credit risk, including the default counterparty credit risk charge, the credit valuation adjustment (CVA) capital charge and asset value correlations.
Next April’s deregulation of the water industry could benefit commercial customers in England if they plan ahead, it is claimed.
An extensive letter submitted to US Secretary of the Treasury Jack Lew by Treasury Strategies spells out a list of concerns over the proposed regulation.
An estimated US$1.3 trillion credit gap has opened up in the global foreign exchange market due to stricter regulation, less appetite for risk and the falling number of prime brokers
In episode two of the FinTalk podcast we talk to long time business partners and co-founders Michael Kent and Ricky Knox about building the next generation of banking and financial services.