The Basel Committee on Banking Supervision (BCBS) today (July 25) revealed interim rules for the capitalisation of bank exposures to central counterparties (CCPs).
The BCBS said the rules seek to fulfil the G-20 goal of encouraging banks to make greater use of CCPs, while ensuring that banks' exposures are sufficiently capitalised.
One of the main additions revealed today is the use of principles set out by the Committee on Payment and Settlement Systems (CPSS) and the International Organization
- World’s largest SWF bars investment in four companies for guideline breaches
- ECB needed better data in 2008 crisis, says Lautenschläger
- Brazilian government must respect central bank independence – IMF
- Is the pursuit of a common accounting standard for gold a fool’s errand?
- Seychelles must act fast on money-laundering, says central bank