Basel Committee publishes 2015/16 work programme: The Basel Committee has published its 2015/16 work programme online. The programme focuses on four central themes:
- policy development;
- ensuring an adequate balance between simplicity, comparability and risk sensitivity across the regulatory framework;
- monitoring and assessing implementation of the Basel framework; and
- improving the effectiveness of supervision.
The webpage also contains a summary of all Basel Committee publications issued in 2014. (Source:The Basel Committee's Work Programme for 2015 and 2016)
Basel Committee publishes risk principles report: The Basel Committee has issued a second progress report on banks' adoption of its 2013 "Principles for effective risk data aggregation and risk reporting". Firms designated global systemically important banks (G-SIBs) are required to implement the principles in full by 2016. The report outlines the steps that G-SIBs have taken so far to implement the principles, as well as the challenges they face. Of 31 participating banks 14 reported that they would be unable to fully comply by 2016, compared with 10 reporting the same in 2013. (Source: Second Progress Report on Banks' Adoption of Risk Data Aggregation Principles)
Basel updates Pillar 3 requirements: The Basel Committee has issued the final standard for the revised Pillar 3 disclosure requirements. The changes focus on improving the transparency of the internal model-based approaches that banks use to calculate minimum regulatory capital requirements. The revised requirements will take effect from the end of 2016 and supersede the Pillar 3 disclosure requirements first issued as part of the Basel 2 framework in 2004 and the Basel 2.5 revisions and enhancements introduced in 2009. (Source: Basel Updates Pillar 3 Requirements)