Proposed revisions to Basel securitisation framework *

Global - January 18 2013
In December 2012 the Basel Committee on Banking Supervision (BCBS) published a consultation paper (BCBS 236)1 proposing substantial changes to the…

Co-authors: Jeremiah M. Wagner, Jason H. P. Kravitt, Carol A. Hitselberger.

---

More unanticipated consequences - application of Article 122a of the EU Capital Requirements Directive to activities of certain US subsidiaries and affiliates of EU credit institutions *

European Union, USA - January 26 2011
In contrast to the frequent criticism made of US financial reform that it is rushed and uncoordinated, the comparable European Union (EU) reforms have generally been seen as deliberate and consultative.

Co-authors: Ralf Hesdahl, J. Paul Forrester.

---

Basel Committee releases final text of Basel III framework *

Global - January 11 2011
On December 16, 2010, the Basel Committee on Banking Supervision (Committee) released the final text of the Basel III package of capital and liquidity reforms, which were originally proposed in December 2009, were modified and elaborated upon in subsequent releases in July and September 2010, and were endorsed by the G20 leaders in November 2010.

Co-authors: Scott A. Anenberg, Jason H. P. Kravitt, Donald S. Waack, Charles M. Horn, J. Paul Forrester.

---

European bank regulators issue guidelines on securitisation risk retention, due diligence and disclosure requirements *

European Union - January 6 2011
The Committee of European Banking Supervisors (CEBS) of the European Union (EU) on 31 December 2010 issued final guidelines (the "Guidelines") on application of new Article 122a of the Capital Requirements Directive (CRD) ("Article 122a"), which became effective 1 January 2011 for securitisations completed on or after that date (and will apply to existing securitisations with new underlying exposures on or after 1 January 2014).

Co-authors: Ralf Hesdahl, J. Paul Forrester.

---

Basel III capital ratios and transition periods set, but key questions remain *

Global - September 17 2010
On September 12, 2010, the Group of Governors and Heads of Supervision (Governors)—the oversight body of the Basel Committee on Banking Supervision (Committee)—announced the much-anticipated minimum capital ratios and transition periods that will apply under the "Basel III" package of capital reforms that were proposed in December 2009 and approved by the Governors, with several modifications, in July 2010.

Co-authors: Scott A. Anenberg, Charles M. Horn.

---