BCBS Publishes Assessments on Argentina and Korea
Both countries largely successful in implementing standards
Argentina and Korea have been largely successful in their implementation of Basel rules, the Basel Committee on Banking Supervision (BCBS) has found in assessments.
The results of these assessments have now been published in reports that form part of a series on committee members' implementation of the Basel risk-based capital framework and the liquidity coverage ratio (LCR).
The committee's Regulatory Consistency Assessment Program assesses the consistency and completeness of a jurisdiction's adopted standards and the significance of any deviations from the regulatory framework.
Overall, the assessment outcomes for both Argentina and Korea are positive. In some aspects, domestic rules in both countries are even more rigorous than required under the Basel framework, the BCBS says.
Argentina's domestic implementation of the framework was found to be "compliant" with the Basel standards. A compliant assessment grade is the highest of the four possible grades.
Korea was found to be overall "largely compliant" with the Basel standards, reflecting the fact that most but not all provisions of the Basel standards are satisfied. A "largely compliant" assessment grade is one notch below the highest possible grade.
In carrying out the reviews of Argentina and Korea, the assessment teams held discussions with senior officials and technical staff of the Central Bank of Argentina and the Financial Supervisory Service of Korea. The teams also met with a select group of banks in both countries.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Symphony boosts Cloud9 voice offerings with AI
The messaging and collaboration platform builds on Cloud9’s capabilities as it embraces the AI wave in what CEO Brad Levy calls “incremental” steps.
Can exchanges leverage new tech to claw back ETF share from RFQ platforms?
Systematic trading strategies and proliferating data are bringing efficiency to an otherwise-fragmented European ETF market.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Systematic tools gain favor in fixed income
Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.
Waters Wrap: Examining the changing EMS landscape
After LSEG’s decision to sunset Redi, Anthony examines what might lie ahead for the EMS space.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Waters Wavelength Podcast: Broadridge’s Joseph Lo on GPTs