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ECONOMIC AND FINANCIAL AFFAIRS - The Bank of International Settlement’s Group of Central Bank Governors and Heads of Supervision Endorses the Prudential Standard for Banks’ Crypto-Asset...
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...
<ul> <li>The Basel Committee's oversight body reiterates its expectation to implement all aspects of the Basel Framework consistently and as fast as possible.</li> <li>Provides direction to the Basel Committee on its work on climate-related financial risks and cryptoassets. </li> <li>Reviews the Committee's work programme and reaffirms the importance of a stable regulatory framework to facilitate implementation.</li> </ul>
MADISON, Wis.—The Basel Committee on Banking Supervision (Basel Committee) has issued guidance encouraging national-level regulators to consider tailoring its standards for less complex financial institutions such as credit unions—a position long-advocated for by World Council of Credit Unions that will benefit financial cooperatives and their members worldwide.
The European Securities and Markets Authority has published its final Market Abuse Guidelines on the disclosure of inside information and interactions with national prudential...