• Guidance on credit risk and accounting for expected credit losses issued: On 18 December 2015, and following guidance in February 2015, the BCBS issued “Guidance on credit risk and accounting for expected credit losses”, replacing its 2006 guidance “Sound credit risk assessment and valuation for loans”. The guidelines are intended to apply regardless of the applicable accounting standards.
  • Capital requirements for market risk: Following its November 2015 publication of the results of its interim impact analysis of proposed revisions to the market risk framework, in its “Fundamental review of the trading book”, the BCBS is expected shortly to finalise the revised market risk framework.