GLOBAL BASEL COMMITTEE
Banks ask RBI to ease liquidity rule to keep credit taps open
Indian banks are urging the industry regulator to relax the current liquidity coverage requirements. They believe easing these mandates will free up more funds for lending.
Not activating counter-cyclical capital buffer, says RBI
The Reserve Bank of India (RBI) has decided against activating the countercyclical capital buffer (CCyB) due to its current circumstances. The CCyB, introduced in 2015, requires banks to build a capital buffer to maintain credit flow in difficult times and restrict lending during periods of excess credit growth. The RBI has not used the provision since its introduction in 2015. The CCyB was initially proposed in response to the 2008 global financial crisis.
Bank of Baroda to raise up to Rs 2,500 cr via Basel III compliant bonds
The 'Capital Raising Committee' has approved a proposal to raise tranche I of Basel III compliant Tier II bonds with a base issue size of Rs 1,000 crore with a green-shoe option to retain oversubscription of up to Rs 1,500 crore, it said in a BSE filing.
Basel proposes crypto disclosures by banks from January 2025
On Tuesday, they set out for public consultation how the holdings should be disclosed to investors.
Basel proposes crypto disclosures by banks from January 2025
Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January 2025.
What is the 'Basel III endgame' and why are banks worked up about it?
USA banking regulators are set to reveal a proposal on Thursday for stricter capital requirements known as Basel III endgame. The Basel III framework includes various capital, leverage and liquidity standards, and the latest proposal refines the capital requirements based on banks' riskiness.
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Global rules leave crypto firms with no place to hide, says G20 watchdog
The Financial Stability Board published on Monday final recommendations requested by the G20 on supervising firms that trade cryptoassets such as bitcoin. The watchdog also revised its existing recommendations for stablecoins in light of the demise of TerraUSD/Luna coins.
Not activating counter-cyclical capital buffer, says RBI
The framework on the countercyclical capital buffer (CCyB) was put in place by the Reserve Bank of India (RBI) in terms of guidelines in February 2015 wherein, it was advised that the CCyB would be activated as and when the circumstances warranted and that the decision would normally be pre-announced.
EU panel to vote on tighter crypto rules for banks
The European Parliament's economic affairs committee is due to vote on cross-party compromises, seen by Reuters, on a draft law which implements remaining elements of Basel III, a global accord which forces banks to hold more capital to cope with market shocks unaided by taxpayers.
Taking care of bank hygiene issues
Global economic uncertainty has accentuated financial sector risks, underscoring the need for regulators to mitigate vulnerabilities through timely action, and also for independent directors to step up oversight, secure risk management and deterrence of fraud.
Global regulators push ahead with crypto bank capital rules
"Recent developments have further highlighted the importance of having a global minimum prudential framework to mitigate risks from cryptoassets," the Basel Committee said in a statement.
Karnataka Bank raises Rs 300 cr through bonds
To comply with Basel-III capital regulations, banks globally need to improve and strengthen their capital planning processes.
Bank of Baroda to raise up to Rs 3,000 crore via Basel III bonds
The bonds are to be issued for aggregate total issue size of Rs 3,000 crore in single or multiple tranches, the bank said in a regulatory filing.
UK financial watchdog says it needs powers over crypto promotions
"There are no assets or real world cashflows underpinning the price of speculative digital tokens, even the better known ones like Bitcoin, and many cannot even boast a scarcity value," FCA Chair Charles Randell said in a speech.
Bitcoin ruling roils crypto world seeking regulatory clarity
The Basel Committee on Banking Supervision proposed that a 1,250 per cent risk weight be applied to a bank’s exposure to Bitcoin and certain other cryptocurrencies.
Top Cryptocurrency Prices Today: Ethereum, Dogecoin, Uniswap tank up to 6%
The Basel Committee on Banking Supervision on Thursday proposed that a 1,250% risk weight be applied to a bank’s exposure to Bitcoin and certain other cryptocurrencies.
Basel panel plans crypto rules for banks in a big booster for Bitcoin
The largest digital token gained 5.1 per cent to $38,250 as of 11:07 a.m. in London. The announcement from the Basel Committee on Banking Supervision is another sign that the world of traditional finance is responding to the rise of crypto assets.
Global banking regulator in step closer to crypto capital rules
"The committee agreed to publish a consultation paper to seek the views of external stakeholders on the design of prudential treatment of banks' exposures to cryptoassets," the Swiss-based watchdog said in a statement.
Global banking regulator to study crypto-assets rules
A global banking watchdog said on Monday it will consult on how banks should shield themselves from risks stemming from crypto-assets in the latest sign of how regulators are turning up the heat on a growing and volatile asset.
Institute of Internal Auditors offers fast track internal auditor certification
The certification enhances domain knowledge in the areas of governance, risk, and internal controls and is expected to provide global job opportunities to certified professionals.
Ant Group IPO pricing "history's largest", says Alibaba's Jack Ma
"It's the first time that the pricing of such a big listing - the largest in human history - has been determined outside New York City" he told the Bund Summit in the eastern financial hub of Shanghai.
SBI raises Rs 7,000 cr via Basel III compliant bonds
The allotment of bonds to the subscribers took place on the same date i.e. September 21, 2020, it added.
Banks win extra year for basel capital rule
According to the latest estimate by the European Banking Authority, banks would need about 125 billion euros ($138 billion) to comply with the standards as agreed by the Basel Committee in 2017.
LEF norms test for foreign banks
The RBI’s Large Exposure Framework (LEF) regulations for banks came into effect from April 2019.
RBI committed to make NBFC sector financially resilient & robust: Governor
RBI will not hesitate to take any required steps to maintain financial stability, Das said.
Despite RBI rate cut, market looks for more growth impetus
Rajnish Kumar said lowering of Basel III leverage ratio would augment the lendable resources.
A banking revolution: Looking at the sector through Jaitley's Budgets
Banking is one sector that has seen major changes after the NDA government came to power in May 2014.
Dutch banks can withstand higher capital requirements: Central bank
Dutch lenders performed relatively well in European stress tests last summer aimed at calculating their resilience to a severe theoretical economic and financial shock.
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