BIS

On 15 January 2025, three international regulators – the Basel Committee on Banking Supervision (BCBS), the BIS Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) – published final reports on initial and variation margin in centrally cleared and non-centrally cleared markets.

Background

On 11 December 2024, the Basel Committee on Banking Supervision (Basel Committee) published final guidelines for counterparty credit risk (CCR) management. The guidelines will replace the Basel Committee’s ‘Sound practices for banks’ interactions with highly leveraged institutions’ published in January 1999.

CCR

CCR is the risk that the counterparty to a

On 28 November 2024, the Basel Committee on Banking Supervision (Basel Committee) published a report which describes the range of practices in implementing a positive neutral countercyclical capital buffer (CCyB).

In 2010, the Basel Committee published guidance that detailed the key requirements for operating the CCyB, and in 2017 it published

On 27 November 2024, the Basel Committee on Banking Supervision (Basel Committee) published various finalised technical amendments to the Basel Framework.

The amendments, which relate to (i) the standardised approach to credit risk and (ii) cryptoasset exposures, were published for consultation in July 2024 and have been finalised as originally proposed.

The Basel Committee plans

On 27 November 2024, the Basel Committee on Banking Supervision (Basel Committee) issued a consultation on a technical amendment to rules in the Basel Framework that relate to the hedging of counterparty credit risk exposures.

The Basel Committee periodically publishes proposals for technical amendments with the aim of helping to promote consistent interpretation

On 11 October 2024, the Basel Committee on Banking Supervision (Basel Committee) published a report providing an update to G20 Finance Ministers and Central Bank Governors on its analytical work of the 2023 banking turmoil. Specifically, the report provides an update on the analytical work on liquidity risk dynamics that were observed during the turmoil

On 17 July 2024, the Basel Committee on Banking Supervision (Basel Committee) published its final disclosure framework for banks’ cryptoasset exposures and targeted amendments to its cryptoasset standard. Both standards have an implementation date of 1 January 2026.

The final disclosure framework (DIS55) is based on the disclosure requirements contained in the final