News & Analysis as of September 22, 2024

Banking Sector

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Outline CRR III / CRD VI - Final Basel III Standards

Mayer Brown on 6/21/2024

I. IMPLEMENTING BASEL III THROUGH THE CRR III REGULATION - The Basel III standards comprise a package of reforms that were largely agreed by the Basel Committee on Banking Supervision ("BCBS") in December 2017 and set out...more

Fed Chairman Powell testifies before House Financial Services Committee on Basel III “Endgame,” commercial real estate, and...

Orrick, Herrington & Sutcliffe LLP on 3/18/2024

On March 6, the House Financial Services Committee held its semi-annual hearing on the Federal Reserve’s Monetary Policy Report, and heard testimony from the Federal Reserve Chairman Jerome Powell a day after the Republican...more

CRD VI cross-border rules take shape

A&O Shearman on 1/26/2024

Final provisions on cross-border banking services in the EU published - CRD VI will bring in uniform minimum prudential requirements for third country branches providing banking services in the EU and, more importantly,...more

From Basel (III) to Brussels: no direct train service for securitisation capital requirements

Hogan Lovells on 11/14/2022

The EU has surged ahead of the UK and the US in implementing the Basel III standards. The EU Banking Package has been reviewed by the Council of the EU and is now expected to be negotiated with the European Parliament, ahead...more

Securitisation and capital requirements – a match (not) made in Basel?

Hogan Lovells on 10/13/2022

The updated Basel III framework is the principal response of the Basel Committee to the global financial crisis. The updated framework makes wide-ranging changes to the perceived shortcomings of the previous regime. Although...more

Banking and finance regulatory news, July 2021 #3

Hogan Lovells on 7/19/2021

UK CRR: Draft Capital Requirements Regulation (Amendment) Regulations 2021 A draft version of the Capital Requirements Regulation (Amendment) Regulations 2021 has been published, together with a draft explanatory memorandum....more

European Banking Authority Report on Impact of Basel III Reforms

A&O Shearman on 4/7/2020

The European Banking Authority has published two reports on the impact of the Basel III liquidity coverage ratio, as implemented in the EU, and the estimated impact of the Basel III credit and market risk, and credit...more

Basel Committee on Banking Supervision Consults on Pillar 3 Disclosure Requirements for Market Risk and Sovereign Exposures

A&O Shearman on 12/2/2019

The Basel Committee on Banking Supervision has opened two consultations on revisions to the Basel III Pillar 3 disclosure requirements, one related to market risk disclosures and one on sovereign exposures disclosures....more

European Banking Authority Publishes Basel III Capital Monitoring Report and Update on EU Bank Liquidity Measures

A&O Shearman on 10/11/2019

The European Banking Authority has published two reports reviewing the impact of the EU’s implementation of the Basel III capital monitoring reforms and Capital Requirements Regulation liquidity measures. The EBA estimates...more

European Banking Authority Publishes Advice on EU Implementation of Basel III

A&O Shearman on 8/14/2019

The European Banking Authority has published several documents setting out its advice to the European Commission on the impact and implementation in the EU of the Basel III 2017 reforms. On December 7, 2017, the Basel...more

Basel Committee on Banking Supervision Publishes Overview of Pillar 2 Practices and Approaches

A&O Shearman on 7/8/2019

The Basel Committee on Banking Supervision has published an overview report on the Pillar 2 supervisory review process and on the different practices that regulators and legislators in Basel member jurisdictions have adopted...more

Basel Committee on Banking Supervision Discusses Supervisory Initiatives and Approves Implementation Reports

A&O Shearman on 7/5/2019

Central bankers and banking supervisors of the Basel Committee on Banking Supervision met this week to discuss a range of policy and supervisory initiatives. ...more

Basel Committee on Banking Supervision Provides Brief Update on Various Workstreams

A&O Shearman on 10/3/2018

The Basel Committee on Banking Supervision has published a press release summarizing the outcome of its meeting on September 19-20, 2018. The Committee committed to consider Pillar 1 and Pillar 3 measures to prevent banks...more

Basel Committee Finalizes Revised Assessment Framework for G-SIBs

A&O Shearman on 7/19/2018

The Basel Committee on Banking Supervision has published a revised methodology and the higher loss absorbency (HLA) requirement for the assessment of Global Systemically Important Banks. The revised framework updates and...more

Basel Committee on Banking Supervision's 2018-2019 Work Program

A&O Shearman on 6/19/2018

The Basel Committee on Banking Supervision has published its 2018-2019 work program, setting out its focus areas for policy development, supervision, implementation and monitoring. Industry will welcome the news that the...more

European Banking Authority to Provide Technical Advice on Implementation of Final Basel III Reforms

A&O Shearman on 5/23/2018

The European Banking Authority has announced that the European Commission had requested technical advice on implementing the final Basel III reforms into EU law. The Basel Committee on Banking Supervision published the final...more

Basel Committee on Banking Supervision Progress Report on Basel III Implementation

A&O Shearman on 5/9/2018

The Basel Committee on Banking Supervision has published its 14th progress report on implementation of the Basel III prudential framework, based on responses from Basel Committee member jurisdictions, and reports the status...more

EBA Reports on Basel III Monitoring Exercise as of June 30, 2017

Orrick - Finance 20/20 on 3/15/2018

The European Banking Authority (“EBA“) published a report, available here, summarizing the results of the latest EU Basel III monitoring exercise, using data as of June 30, 2017. The report was accompanied by a press release....more

European Banking Authority Publishes Full Impact Assessment of Basel III Reforms on EU Banks

A&O Shearman on 1/12/2018

Following the summary it published on December 7, 2017, the European Banking Authority has issued its full cumulative impact assessment of the impact of the finalized "Basel III" prudential framework on EU banks....more

Basel Committee Consults on Revised Principles for Supervisory and Bank Stress Testing

A&O Shearman on 1/12/2018

The Basel Committee on Banking Standards has published proposals on a revised version of the stress testing principles it first published in 2009. The revisions to the principles are the outcome of a review of its current...more

Financial Regulatory Developments Focus - January 2018

A&O Shearman on 1/11/2018

In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset...more

Basel III Finally Finalized

A&O Shearman on 12/13/2017

The Basel Committee on Banking Supervision has published the last part of the Basel III reforms. The revisions are to the standardized approach and the Internal Ratings-Based approach for credit risk, the Credit Valuation...more

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 9/22/2017

Agencies to Propose Amending CRA Regulations to Conform to HMDA Regulation Changes, and Remove References to the Neighborhood Stabilization Program - On September 13, 2017, the Board of Governors of the Federal Reserve...more

Legal and regulatory issues adversely affecting banks in Trade and Supply Chain Finance

Sullivan & Worcester on 7/28/2017

Following a meeting of the Basel committee in March this year, the Chairman Stefan Ingves, announced that the committee has made further progress towards the finalization of the Basel III accord are stricter capital rules and...more

Alternative Facts ≠ A World Without Dodd-Frank and Basel III

Dechert LLP on 2/22/2017

What if Dodd-Frank and Basel III were to largely go away? Eliminating Dodd-Frank has been a hobbyhorse of Representative Hensarling, the chair of the House Services Committee, for several years and has figured prominently in...more

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