On 5 June 2020, the Basel Committee on Banking Supervision (Basel Committee) issued a frequently asked questions (FAQs) document to promote the consistent interpretation of the Basel framework. The FAQs cover a range of issues relating to the reform of benchmark reference rates and clarifications relating to the standardised approach to operational risk.
The FAQs cover:
- Definition of capital.
- Market risk.
- Counterparty credit risk.
- Liquidity.
- Operational risk.