The Basel Committee on Banking Supervision has announced a series of measures designed to reduce the impact of COVID-19 on the global banking sector. The latest measures are designed to facilitate bank lending to the real economy and boost banks’ operational capacity to the financial strain of COVID-19. They follow the extension to Basel III implementation deadlines announced by the Group of Central Bank Governors and Heads of Supervision on March 27, 2020.
In particular, the Basel Committee has published:
In addition, the Basel Committee has announced the following delays to implementation frameworks:
View the Basel Committee's announcement on measures to combat the impact of COVID-19.
View the Basel Committee's Technical Guidance on capital treatment of loans impacted by government COVID-19 measures and expected credit loss accounting.
View details of the Group of Central Bank Governors and Heads of Supervision's changes to Basel III implementation deadlines.
View the FCA's response to the Basel Committee's changes to the non-centrally cleared derivatives margin requirements implementation dates.
View details of the Basel Committee's previous extension to the non-centrally cleared derivatives margin requirements deadline.
View details of the Basel Committee's revised assessment framework and higher loss absorbency requirement for G-SIBs.
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