Advertisement

Introductory Remarks

  • Ioannis Akkizidis
  • Lampros Kalyvas
Chapter

Abstract

Before they became standards on Thursday, 7 December 2017, the proposals (BCBS, 2015a, 2015b, 2016a, 2016b, 2016c) of the Basel Committee on Banking Supervision (BCBS) had spurred a heated debate amongst regulators, banks, and politicians on the merits that the new supervisory standards would bring to the resilience of banks as opposed to the potential burden that they would bring to the operational cost and the cost of capital. Since they became standards, the Basel reforms pose challenges as to the implementation of the new rules that the international banks have to cope with.

References

  1. Basel Committee on Banking Supervision. (2006, June). Basel II: International convergence of capital measurement and capital standards: A revised framework – Comprehensive version. Retrieved December 2016, from http://www.bis.org/publ/bcbs128.pdf
  2. Basel Committee on Banking Supervision (BCBS). (2015a, July). Review of the Credit Valuation Adjustment (CVA) risk framework – consultative document. Retrieved July 2015, from http://www.bis.org/bcbs/publ/d325.pdf
  3. Basel Committee on Banking Supervision (BCBS). (2015b, December). Revisions to the Standardised Approach for credit risk – second consultative document. Retrieved December 2015, from http://www.bis.org/bcbs/publ/d347.pdf
  4. Basel Committee on Banking Supervision (BCBS). (2016a, January). Minimum capital requirements for market risk – Standards. Retrieved January 2016, from http://www.bis.org/bcbs/publ/d352.pdf
  5. Basel Committee on Banking Supervision (BCBS). (2016b, March). Standardised Measurement Approach for operational risk – consultative document. Retrieved March 2016, from http://www.bis.org/bcbs/publ/d355.pdf
  6. Basel Committee on Banking Supervision (BCBS). (2016c, March). Reducing variation in credit risk-weighted assets – constraints on the use of internal model approaches – consultative document. Retrieved March 2016, from http://www.bis.org/bcbs/publ/d362.pdf
  7. Basel Committee on Banking Supervision (BCBS). (2016d, April). Revisions to the Basel III leverage ratio framework – consultative document. Retrieved March 2016, from http://www.bis.org/bcbs/publ/d365.pdf
  8. Basel Committee on Banking Supervision (BCBS). (2017a, June). Simplified alternative to the standardised approach to market risk capital requirements – consultative document. Retrieved June 2017, from http://www.bis.org/bcbs/publ/d408.pdf
  9. Basel Committee on Banking Supervision (BCBS). (2017b, December). Basel III: Finalising post-crisis reforms – Standards. Retrieved December 7, 2017, from https://www.bis.org/bcbs/publ/d424.pdf
  10. Basel Committee on Banking Supervision (BCBS). (2017c, December). Basel III Monitoring Report – Results of the cumulative quantitative impact study. Retrieved December 7, 2017, from https://www.bis.org/bcbs/publ/d426.pdf
  11. European Banking Authority (EBA). (2017, December). Ad hoc cumulative impact assessment of the Basel reform package. Retrieved from https://www.eba.europa.eu/documents/10180/1720738/Ad+Hoc+Cumulative+Impact+Assessment+of+the+Basel+reform+package.pdf/76c00d7d-3ae3-445e-9e8a-8c397e02e465
  12. English, S., & Hammond, S. (2015). Cost of compliance 2015. London: Thomson Reuters.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Ioannis Akkizidis
    • 1
  • Lampros Kalyvas
    • 2
  1. 1.Employed by Wolters KluwerZurichSwitzerland
  2. 2.Employed by European Banking AuthorityLondonUK

Personalised recommendations