ICFR Weekly - 4 January 2012

Regulatory News  

Peter Praet, Member of the ICFR's IAC, New Head of the Economics Division at the ECB - 3 January 2012
The ECB Executive Board agreed on the new distribution of the responsibilities of its members...  Read more

India Issues Basel III Guidelines - 3 January 2012
The Reserve Bank of India (RBI) has released draft guidelines for the implementation of the Basel III capital rules...  Read more

China to “Indefinitely Postpone” Capital Adequacy Rules - 23 December 2011
Reuters reports that a source at the China Banking Regulatory Commission (CBRC) has said that China will put new capital adequacy rules on hold, citing concerns about the impact on economic growth...  Read more

European Systemic Risk Board Urges Capital Raising - 23 December 2011
European banks should adhere to the European Banking Authority’s (EBA) recommendations and raise a 9% capital buffer, by restricting remuneration and dividends, in a way which avoids “a disorderly or excessive deleveraging process”, according to the European Systemic Risk Board (ESRB)...  Read more

EBA Consults on Reporting Standards for CRD IV - 21 December 2011
As part of the EU’s Capital Requirements Directive (CRD) IV and new Capital Requirements Regulation (CRR), the European Banking Authority (EBA) is responsible for drafting technical standards for the implementation of supervisory reporting requirements...  Read more

Federal Reserve Releases Large Bank Rules - 21 December 2011
The US Federal Reserve has proposed new “enhanced prudential standards” for dealing with large bank holding companies and systemically important nonbank financial institutions, as part of its rulemaking under Dodd-Frank...  Read more

Basel Committee Consults on Own Credit Risk Adjustments - 21 December 2011
The Basel III rules seek to prevent banks from using a deterioration in their own creditworthiness to boost common equity...  Read more

ECB Legal on Crisis Management and Bank Resolution - 21 December 2011
With the European Commission’s proposals for crisis management and bank resolution expected soon, this legal working paper from the European Central Bank (ECB) examines the legal difficulties of cross-border resolution, as well as emerging responses, including the Financial Stability Board (FSB) Key Attributes...  Read more
 
 

Key Dates  

Volcker Rule: Prohibitions and Restrictions on Proprietary Trading - 13 February 2012
The deadline for responding to the US consultation on the Volcker rule has been extended for one month, to 13 February 2012, in response to industry concerns that parallel rules from the Commodity Futures Trading Commission (CFTC) have not yet been published...  Read more

Risk-Based Capital Guidelines: Market Risk; Alternatives to Credit Ratings for Debt - 3 February 2012
The Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC), are seeking comment on an amended version of a proposed rule which seeks to update market risk capital rules, while removing references to credit rating agencies (CRAs) from all regulations...  Read more

 

Other Regulatory Updates  

First Workshop of the ICFR PhD Network at the Bank of England - 23 February 2012
The ICFR’s PhD Network aims to support and encourage innovative research on financial regulation through a collaborative network of PhD students, linking them to practitioners, policy makers and senior academics...  Read more

 

We welcome your comments which will help ensure these updates are as useful to you as possible. To submit your feedback, please email audrey.cadostin@icffr.org