Consultative Document: Simplified alternative to the standardised approach to market risk capital requirements
WOCCU Urges Revisions to Basel proposal on Simplified Alternative to Market Risk Capital Requirements.
The World Council of Credit Unions filed two comment letters urging changes to benefit credit unions on the Basel Committee on Banking Supervision(Committee) Consultative Documents on the Criteria and Capital treatment for simple, transparent and comparable short-term securtisations.
A copy of the letters can be viewed here for the Criteria, and here for the Capital Treatment.
World Council supports the Basel Committee’s efforts to update its correspondent banking guidance to help address “de-risking” and incorporate the Financial Action Task Force’s recently updated interpretive note on correspondent banking anti-money laundering/countering the financing of terrorism (AML/CFT) standards.