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Showing 11801 - 11810 of 11933 matches filtered by 'Banking and finance'

  • BIS: Regulatory treatment of valuation adjustments to derivative liabilities

    26/07/2012
    BIS has revised paragraph 75 of Basel III as regards its application to derivatives which is designed to ensure that an... increase in the credit risk of a bank does not, via a reduction in the value of its liabilities, lead to an increase in its common equity. This follows a December 2011 consultation.
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  • BIS: Capital requirements for bank exposures to central counterparties

    26/07/2012
    BIS has published interim rules for the capitalisation of bank exposures to CCPs. Where a CCP is supervised in a... manner consistent with these principles, exposures to such CCPs will receive a preferential capital treatment. Trade exposures will receive a nominal risk-weight of 2%. The rules will allow banks to choose from one of two approaches for determining the capital required for exposures to default funds. There are also provisions on indirect clearing that allow clients to benefit from the preferential treatment for central clearing.
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  • BIS: Basel III counterparty credit risk: FAQs

    26/07/2012
    BIS has published a revised version of its FAQs relating to counterparty credit risk, including the default counterparty credit risk charge,... the credit valuation adjustment capital charge and asset value correlations. FAQs that have been added since the publication of the first version of this document in November 2011 are shaded yellow.
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  • BIS: FSI Survey - Basel II, 2.5 and III Implementation

    26/07/2012
    The Financial Stability Institute has conducted a survey on the implementation of Basel II, 2.5 and III in jurisdictions that are... neither members of BIS nor members of the EU.
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  • Law Societies Joint Brussels Office: Company law and financial services (July 2012)

    26/07/2012
    This details the current status of various relevant Directives and European-level proposals
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  • EC: Summary of responses to the public consultation on bank accounts

    26/07/2012
    Further to a March 2012 consultation on bank accounts, the EC has now published a summary of responses received. Responses... showed that consumers would generally be in favour of further action at EU level with respect to bank accounts, but that responses from financial institutions indicated that the current legal framework already guarantees sufficient protection of the interests of consumers and, if any action were to be taken in this area, it should be at national level.
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  • EC: Amended proposal for a regulation of the European Parliament and of the Council on insider dealing and market manipulation (market abuse)/Amended proposal for a Directive of the European Parliament and of the Council on criminal sanctions for insider dealing and market manipulation

    25/07/2012
    The EC has published the above proposals intended to prohibit the manipulation of benchmarks, including LIBOR and EURIBOR and make such... manipulation a criminal offence. The Regulation introduces the following changes: amendment to the scope of the proposed regulation to include benchmarks; amendment to the definitions to include a definition of benchmarks, based on an expanded version of the definition used in MiFIR; benchmarks such as interest rate and commodities benchmarks are included; amendment to the definition of the offence of market manipulation (Article 8) to capture manipulation of benchmarks themselves and attempts at such manipulation; and amendment to the recitals to justify the extension of the scope and the market manipulation offence to benchmarks. The Directive introduces the following changes: amendment to the definitions to include a definition of benchmarks; amendment of the criminal offence of market manipulation to capture manipulation of benchmarks themselves and amendment of the criminal offence of "inciting, aiding and abetting and attempt" to include these behaviours in relation to the manipulation of benchmarks. It is noted that the EC is not proposing to set the minimum types and levels of criminal sanctions at this stage, but wants to require each Member State to provide for criminal sanctions in its national laws to cover the manipulation of benchmarks. .
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  • FSA: Statement on the use of XBRL for CRD IV and Solvency II

    25/07/2012
    FSA has published a note on the use of eXtensible Business Reporting Language (XBRL) for financial and regulatory reporting purposes. ... For quantitative reporting under CRD IV and Solvency II, FSA intends to collect only the regulatory data using the XBRL standards and formats. It is considering the implications of this and invites views from stakeholders. It will explore the further use of XBRL for reporting by firms beyond the scope of CRD IV and Solvency II separately.
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  • BIS: Basel III monitoring

    24/07/2012
    BIS is monitoring the impact of the Basel III rules text and liquidity rules text on participating banks, noting that the... exercise will be repeated semi-annually with end-December and end-June reporting dates. It has published instructions on how banks should complete the questionnaire (a link to which is not included here) and includes discussion of general issues such as the scope of the exercise. In addition, BIS has published an FAQ.
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  • ESMA: Update on measures adopted by competent authorities on short selling

    24/07/2012
    ESMA’s updated document includes new measures taken by Spain and Italy (as mentioned in today’s FT).
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