Basel Committee on Banking Supervision
RBI policy document pushes CCIL closer to QCCP status
Indian central bank takes explicit responsibility for supervising the Mumbai-based clearing house
No ‘credit crunch' in the Middle East after Basel I, IMF paper finds
Despite higher capital adequacy ratios, banks expanded credit and asset growth, according to new research
Basel Committee finds ‘considerable variation' in bank risk-weights
Variation in bank risk-weights 'driven by diversity in bank and supervisory practices', says Basel Committee as it also moves to strengthen oversight of investments in equity funds
Federal Reserve adopts Basel III for US banks
Fed Board unanimously votes to introduce new capital requirements as of January 1; Daniel Tarullo says additional measures will follow including proposals for a higher leverage ratio
Basel leverage ratio would double up collateralised OTC positions
Ratio could be a 'game-changer', dealers warn, as Basel Committee proposes counting received collateral as well as derivatives exposures
Basel Committee updates advice on anti-money laundering practices
Consultative document addresses ways for banks and supervisors to cut risk through diligent use of anti-money laundering efforts, including how to co-ordinate across borders
Basel Committee reveals leverage ratio formula
Proposals detail leverage ratio calculation framework and disclosure requirements that will enter force in 2015; committee keeps options open for a higher leverage ratio than originally planned
Fed's Plosser calls for a move to simple, but higher, capital requirements
Philadelphia Fed president says there is no better example of over-complex rule writing than risk-weighted capital calculations - and calls for a shift to simpler rules which are harder to evade
Banks push alternative to Basel Committee securitisation model
Basel proposals would kill European market, banks warn – and some regulators sympathise
FDIC’s Thomas Hoenig on bank separation, safety nets and Basel III
Hoenig tells Christopher Jeffery that Basel III is flawed, universal banks require legal separation, financial safety nets need cutting and monetary policy should move to non-zero interest rates
Basel intra-day liquidity standards a ‘box-ticking exercise'
Industry panel questions limited detail in Basel Committee document; says numerous problems remain in fleshing out details, levelling playing fields and managing vast volumes of data
Banks to blame for regulatory fragmentation, says Basel Committee’s Coen
Bank lobbying has encouraged national supervisors to water down global standards, says deputy secretary-general of Basel Committee
BIS committee hails Basel III progress
In report to G-20, the Basel committee says member countries are making ‘considerable progress’ implementing Basel III, despite long delays; laments ‘excessive’ variation in RWAs
IMF researcher proposes new method for top-down stress testing
New, simple methodology for structural market-based top-down macro stress tests aims to overcome onerous data requirements
Australia shuffles top managers but governor Stevens stays on
RBA governor Stevens reappointed for three more years, while Wayne Byres moves from Basel Committee to head up prudential regulator Apra
Asia corporates unfairly ‘penalised’ by CVA capital charge
The move by European authorities to exempt European banks from holding CVA capital should be matched by regulators in Asia, according to senior bankers in the region
Largest banks $270bn below Basel III core capital limits
Basel Committee finds banks would have missed CET1 requirement under Basel III by $270 billion in June 2012; IMF’s Lagarde condemns ‘uneven implementation’ of rules
Basel Committee will assess whether capital rules need simplifying
Stefan Ingves, chairman of the Basel Committee, says simplicity is "desirable" but it is too soon to judge whether capital rules are overly complex
UK Banking Commission urges higher leverage ratio
Parliamentary Commission on Banking Standards says 3% leverage ratio prescribed by Basel III and planned UK rules is insufficient for banks; also advocates power to impose full separation of banking sector
New York Fed demands better management of foreign exchange risks
Greater use of capital and collateral to mitigate all risks relating to foreign exchange trading is crucial, warns Jeanmarie Davis, head of financial market infrastructure at the NY Fed
Byres hints at Basel Committee rethink on risk-weight modelling
Secretary-general weighs challenges of balancing complexity and simplicity of capital requirements; outlines possible changes to banks’ risk modelling choices
Liquidity fears temper uncleared margin proposals
Rules see two-way posting of initial margin, but apply threshold of €50 million in counterparty risk
Basel report proposes curbs on bank modelling choices
Basel Committee report finds ‘considerable variation’ in risk-weighted assets for bank trading books; says policy-makers should consider limiting modelling options and improving disclosure
BoE's Haldane says UK could redefine global banking rules
Andrew Haldane says UK is in a position to ‘lead with the front foot' on fixing the shortcomings of Basel III, tightening remuneration policies and removing barriers to bank account switching