The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.
January 25, 2023Jurisdictions have not finished implementing Basel III reforms to mitigate spillovers between banks and non-bank financial entities.
January 19, 2023The HKMA plans to implement the Basel standards on the treatment of cryptoasset exposures locally by 1 January 2025, in accordance with the BCBS timetable.
December 22, 2022Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.
December 20, 20221,250% risk weight not applicable to custodied assets. Infrastructure risk add-on no longer mandatory. Gross limit on total Group 2 exposures raised from 1% to 2%.
December 19, 2022Banks that were more heavily affected by the Basel III reforms saw a greater reduction in their cost of capital, the BCBS said.
December 16, 2022The standard, which will require disclosure of remuneration arrangements, will become effective from 1 January 2025, 12 months later than initially proposed.
December 9, 2022Banks and insurers are required to report entities that are discovered using the word "bank" illegally, and may not provide services to such entities.
December 9, 2022New paper provides analysis in support of the removal of the 3bp PD floor set by the BCBS under the internal models approach for FRTB.
December 7, 2022The rules are expected to come into effect on 1 January 2025. BNM has asked whether the proposed implementation date is feasible.
December 6, 2022