On December 11, 2014, the Basel Committee published revisions to the Basel II securitization framework which take effect in January 2018 and form part of the broader Basel III agenda to reform regulatory standards and create a more resilient banking sector. The revisions mainly relate to changes in: (i) the hierarchy of approaches; (ii) the risk drivers used in each approach; and (iii) the amount of regulatory capital banks must hold for exposures to securitizations.

The revisions are available at:

http://www.bis.org/bcbs/publ/d303.pdf.