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Home Archive for category "Supervisory Guidance" (Page 3)
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Basel Committee’s Final Guidance for Managing Risks Associated with the Settlement of Foreign Exchange Transactions

Today, the Basel Committee issued guidance for managing risks associated with the settlement of foreign exchange transactions.  The guidance updates the Basel Committee’s existing supervisory guidance, which was published in 2000.

According to the Basel Committee, while its original 2000 guidance focused mainly on the principal risk element of FX settlement-related risks, the new guidance is intended to address a broader range of FX settlement-related risks.  The new guidance provides more comprehensive and detailed direction on governance arrangements and the management of principal risk as well as all other FX settlement-related risks.  …  Read More

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2013 CCAR Process Begins and U.S. Basel III Rules Are Delayed

The Federal Reserve launched the 2013 capital planning and stress testing process for large bank holding companies with the publication of two sets of instructions: one set for the 19 bank holding companies that participated in the 2011 Comprehensive Capital Analysis and Review (CCAR) process and another set for 11 other large bank holding companies that did not participate in the 2011 CCAR process. Among other changes from the 2012 process, the 2013 instructions reveal how the Dodd-Frank Act’s stress testing requirements will be integrated with the Federal Reserve’s capital planning requirements for the banking holding companies that participated in the 2011 CCAR process, and indicate that such bank holding companies will have a one-time opportunity to make a downward revision to any planned capital distributions before the Federal Reserve publishes its assessment of capital plans and will be required to publish their own summaries of certain company-run stress tests.…  Read More

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