Basel III December 7 2017 (Forthcoming CRR III)

Basel III December 7 2017 (Forthcoming CRR III)

On December 7 2017 the Basel Committee agreed the outstanding Basel III post-crisis regulatory reforms. These will be implemented in the EU as part of CRR III.

The Basel III framework is a central element of the Basel Committee’s response to the global financial crisis. It aims to address a number of shortcomings in the pre-crisis regulatory framework and provides a foundation for a resilient banking system to avoid the build-up of systemic vulnerabilities. A key objective of the revisions incorporated into the framework is to reduce excessive variability of risk-weighted assets (RWA).

Now that it has been agreed, AFME is working closely with EU regulators as they seek to implement it in the EU. We will be supporting our Members as they take part in the EBA QIS exercise, and work with Commission as they draw up the CRR3 proposals expected in early 2020. AFME’s positions on the various elements of the Basel III package from December 2017 can be found below.

AFME / ISDA response to European Commission exploratory consultation on the finalisation of Basel III 

The importance of internal capital models

Jacqueline Mills, Director of AFME's Prudential Division, explains the how internal risk measurements provide the most accurate results for the banking industry.

Board

  • Véronique Ormezzano, Chair

    BNP Paribas

  • Joe Traynor, Vice-Chair

    J.P. Morgan Chase Bank, NA

  • Mayur Patel

    Bank of America Merrill Lynch

  • Dipal Patel

    Barclays

  • Ana Rubio Gonzalez

    BBVA

  • Robin Savchuk

    BNY Mellon

  • David Sharland

    Citi

  • Michel Bilger

    Crédit Agricole S.A.

  • Gerry Wright

    Credit Suisse

  • Koen Holdtgrefe

    Deutsche Bank AG

  • Marco Bensi

    Goldman Sachs Asset Management International

  • Katherine Wolicki

    HSBC

  • Johanneke Weitjens

    ING Group

  • Francesca Passamonti

    Intesa Sanpaolo SpA

  • Robert Mitchell

    Lloyds Banking Group

  • Gareth James

    Morgan Stanley & Co. International plc

  • Myriam Le Maoult

    Natixis

  • Emma Riley

    Nomura

  • Jeff Conley

    RBS

  • Gloria Hervas Ortega

    Santander

  • Barbara Sillac Gavanou

    Société Générale

  • Matt Lucas

    Standard Chartered Bank

  • Mark Lawrence

    UBS

  • Costanza Bufalini

    UniCredit Bank AG

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