Basel Committee assessments of Hong Kong and Mexico. The Basel Committee on Banking Supervision published reports assessing the implementation of the Basel risk-based capital framework and the liquidity coverage ratio (LCR) for Hong Kong and Mexico. Overall, the assessment outcomes for both Hong Kong and Mexico are positive and reflect various amendments to the risk-based capital and LCR rules undertaken by the authorities during the assessment. The Basel Committee noted that several aspects of the domestic rules in both countries are more rigorous than required under the Basel framework. (3/16/2015) BIS press release.
IASB considers hybrid pensions. Reuters reported that the International Accounting Standards Board is developing new pension accounting standards that would address “hybrid” pensions -- pension plans with both defined benefit and defined contribution characteristics. (3/12/2015) Hybrid accounting.
Review of CCP stress testing. The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) announced that they are conducting a review of stress testing by CCPs. The review is intended to identify how the relevant Principles for Financial Market Infrastructure standards are being implemented and whether additional guidance is needed. (3/11/2015) IOSCO press release.
Non-bank SIFI proposal. The Financial Stability Board and IOSCO published a second public consultation on the “Assessment Methodologies for Identifying Non-Bank Non-Insurer Global Systemically Important Financial Institutions.” Comments should be submitted by May 29, 2015. (3/4/2015) FSB press release.