BCBS Revises Basel III Guidelines
Regulatory body changes hierarchy of ratings considerations
The Basel Committee on Banking Supervision (BCBS) has issued revisions to the securitization framework planned to take effect in January 2018 as part of Basel III capital adequacy regulation.
The revisions include changes to the hierarchy of securitization approaches, to risk drivers of those approaches and to the amount of capital firms must have to cover securitization exposures.
The new hierarchy in the revisions to the framework is led by an Internal Ratings-Based Approach dependent on
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