From 1 January 2013 an amount equal to 2 of a bank’s derivatives exposure to certain central clearing counterparties will be added to the total risk-weighted assets of that bank for regulatory capital purposes.
The Communiqué and Final Declaration that followed the Cannes Summit highlighted the agreement on comprehensive measures to address the "too-big-to-fail" problem and the work of the Financial Stability Board (FSB).
On 18 October 2011 the Financial Stability Board (“FSB”) published ‘A Coordination Framework for Monitoring the Implementation of Agreed G20FSB Financial Reforms’ (the “Framework”).
On Thursday, June 16, 2011, Barry Zubrow, the Chief Risk Officer of JP Morgan Chase, testified before the House Financial Services Committee, putting some "meat on the bones" of last week's well-reported comment of JP Morgan Chase's Chief Executive Officer Jamie Dimon.
ISDA's 26th AGM examined the impact of Dodd-Frank on the OTC derivatives market.
There is an ever increasing volume of new legal and regulatory measures coming our way and which potentially affect the real estate and funds sector.
Recently, as part of the Basel III reforms, the Basel Committee on Banking Supervision (the "BCBS") proposed some significant changes to the regulatory capital requirements for banks exposed to central counterparties ("CCPs") and their default funds that will provide strong incentives for banks to use only CCPs that meet rigorous new standards.
Yesterday, the Financial Stability Board (FSB) met in Paris to discuss the progress being made in connection with its regulatory reform agenda.