As the world approaches the 10th anniversary of Lehman’s collapse and the ensuing global financial crisis, memories within the industry are fading along with lessons learnt. It is in this context that the Basel Committee…
BCBS
GreenPoint Responds to FRTB Consultative Document from BCBS
We agree with the BCBS view that the approach defined for NMRFs is fundamentally sound and does not have design flaws that may lead to disproportionately high capital requirements for some risk factors relative to their risk.
The Basel III Gods Speak Loud and Clear
After much anticipation, the Basel Committee on Banking Supervision (BCBS) released its revised timeline for Basel III implementation setting the “up and running” dates as no later than January 1, 2022…
To FRTB and Beyond
In January 2016, BCBS released revised minimum capital requirements for market risk following their eight-year long Fundamental Review of the Trading Book (FRTB). This framework represents an overarching view…
Managing Non-Modellable Risk Factors under FRTB
FRTB allows for RF modelling under IMA only where adequate observable data is available. It prescribes a framework for assessment of the modelability of RFs based on their observability and other factors, and for capital charges …
Regulatory Trading Desk (RTD) Optimization Under FRTB
In January 2016, the Basel Committee for Banking Supervision (BCBS) released revised minimum capital requirements for market risk following their eight-year long Fundamental Review of the Trading Book (FRTB).
BCBS Proposes a Simplified Alternative to FRTB SBA
On June 29, BCBS released a consultative document for a simplified alternative to FRTB’s standardized approach (SA). This revised approach is designed to apply to banks that are not large or internationally active. The proposal…
Basel III to Stay on Course
We confirm our support for the Basel Committee on Banking Supervision’s (BCBS) work to finalize the Basel III framework without further significantly increasing overall capital requirements across the banking sector, while…
Financial Deregulation Under Trump
Friday’s Presidential Executive Order and Memorandum kick off the Trump Administration’s ambitious plans for financial deregulation. Notably absent from these documents is any direct mention of the FRTB…
Basel Under Trump
The election of Donald J. Trump as America’s 45th President could mean an end to years of cross-border cooperation in banking rules, making life harder for regulators as they try to keep bank excesses in…