BASEL II & III IMPLEMENTATION FRAMEWORK. Gift Chirozva Chief Bank Examiner Bank Licensing, Supervision & Surveillance Reserve Bank of Zimbabwe

Size: px
Start display at page:

Download "BASEL II & III IMPLEMENTATION FRAMEWORK. Gift Chirozva Chief Bank Examiner Bank Licensing, Supervision & Surveillance Reserve Bank of Zimbabwe"

Transcription

1 BASEL II & III IMPLEMENTATION 1 FRAMEWORK Gift Chirozva Chief Bank Examiner Bank Licensing, Supervision & Surveillance Reserve Bank of Zimbabwe gchirozva@rbz.co.zw 9/16/2016 giftezh@gmail.com

2 Outline Introduction The Journey to Basel II Implementation Basel III reform of bank capital regulation Summary of capital reforms Global Liquidity Standards

3 With effect from 2004, all BIS were required to allocating capital for Market risk and Operational risk using the standardised approach Introduction The RBZ adopted a gradual approach to Basel II implementation to allow for a smooth transition. The Reserve Bank laid the foundation for Basel II Implementation through the rolling out of Risk Based Supervision (RBS) and issuance of Guidelines focusing on specific aspects of Pillars I to III.

4 Introduction 4 Some of the main guidelines covered Corporate Governance, Risk Management, Securitisation, and Financial Disclosure. In January 2011, the Reserve Bank then issued the Technical Guidance on the Implementation of the Revised Capital Adequacy Framework in Zimbabwe to the market. To date, the only outstanding component toward full implementation of Basel II in Zimbabwe is Credit Risk. 9/16/2016

5 Supervisory Rating Scale 5 9/16/2016

6 No Reserve Bank Scale Standard &Poors/Fitch/GCR Moody s 1 1 AAA Aaa 2 2a AA+ Aa1 3 2b AA Aa2 4 2c AA- Aa3 5 3a A+ A1 6 3b A A2 7 3c A- A3 8 4a BBB+ Baa1 9 4b BBB Baa2 10 4c BBB- Baa3 11 5a BB+ Ba1 12 5b BB Ba2 13 5c BB- Ba3 14 6a B+ B1 15 6b B B2 16 6c B- B3 17 7a CCC+ Caa1 18 7b CCC Caa2 19 7c CCC- Caa CC Ca 21 9 C C D D

7 Asset Classes 7 Claims on sovereigns (domestic and foreign). Claims non-central governments public entities. Claims on multilateral development banks. Claims on banks. Claims on securities firms. Claims on corporates. Claims included in the regulatory retail portfolios. Claims secured by residential portfolios. Claims secured by commercial real estate. Past due loans. Other assets. 9/16/2016

8 Risk Weights Risk weights are determined by category of borrower. Internal loan grading mapped to a new Supervisory Loan Grading Scale. assessment grades provided by approved external credit rating institutions.

9 9 Provisioning requirements for exposures Grade Provisioning Percentage (of Exposure) 1 to 3 1% 4 to 5 5% 6 to 7 10% 8 30% 9 50% % 9/16/2016

10 10 Minimum Requirements for Modified SA All banks are initially to be on the modified standardised approach. Credit exposures need to be categorized into the standard portfolios - 10 broad categories. Rating scale may have modifiers. Reconfigure internal rating grades. All claims to be rated / classified using new scale.

11 Minimum requirements for Modified SA Map internal loan rating / classification model to the Supervisory Rating Scale. Ratings to be validated at least once a year. Reconfigure Management Information Systems. A bank may migrate to IRB on approval.

12 12 Minimum requirements for Modified SA A bank must have policies and procedures on use of classification/ rating models, their implementation, review and internal validations. A bank must maintain provisions in respect of outstanding balances on loans and advances in line with new scale. Procedures and processes for credit risk mitigation: valuation policies and procedures; systems; control of roll-off risks; and management of concentration risk. 9/16/2016

13 INTERNAL RATINGS BASED APPROACH 13 Entails use of own internal models for determining the capital requirements. Expected losses are covered by provisions Capital covers unexpected losses. Migration from Standardised Approach to Internal ratings approach gives a better alignment of regulatory capital and economic capital. 9/16/2016

14 Categorisation of Exposures 14 Bank must categorise banking-book exposures into 6 classes of assets. Different underlying risk characteristics corporate; sovereign; bank; retail; equity, and residual. 9/16/2016

15 Three key elements For each of the asset classes covered under the IRB framework, there are three key elements: Risk components estimates of risk parameters provided by banks, some of which are supervisory estimates. Risk-weight functions the means by which risk components are transformed into risk-weighted assets and therefore capital requirements. Minimum requirements the minimum standards that must be met in order for a bank to use the IRB approach for a given asset class.

16 IRB Parameters - Credit Risk Components 16 Probability of Default (PD). The probability that a counterparty will default within the next twelve months. Linked to the Rating. Loss Given Default (LGD). The economic loss that the bank expects to suffer on a credit facility of which the counterparty defaults ( as % of EAD). Exposure at Default (EAD). The amount expected to be outstanding (drawn) under a facility at the time a counterparty defaults. Maturity (M). Correlation. 9/16/2016

17 Operational Risk Approaches 17 There are three measurement options: Basic Indicator Approach Standardised Approach Advanced Measurement Approach, many models e.g. Internal Measurement Approach Loss Distribution Approach 9/16/2016

18 Basic Indicator Approach 18 Capital for operational risk equal to the average of positive annual gross income over the previous three years x a fixed percentage (denoted alpha). 9/16/2016

19 Basic Indicator Approach Too simplistic and tends to penalise sound and healthy banks. Approach not available to banks in Zimbabwe.

20 Standardised Approach 20 The approach already adopted by banking sector. Gross income is indicator / proxy for the scale of business operations. Bank apportion income from operations/activities to eight business lines. Capital charge for each business line is gross income x a factor (denoted β) assigned to that business line. 9/16/2016

21 The Standardised Approach 21 9/16/2016

22 Illustration of Current Method 22 9/16/2016

23 Alternative Standardised Approach 23 The Reserve Bank requires banks to move the Alternative Standardised Approach in the Basel II Framework A bank must divide its business activities into three areas of business: retail banking; commercial banking; and all other activities. 9/16/2016

24 Alternative Standardised Approach 24 Operational Risk Capital for the retail and commercial banking areas of business must be determined using a proportion of total gross outstanding loans and advances as an indicator of each area s operational risk exposure. For the all other activity area is determined by using gross income, adjusted to exclude income primarily relating to retail banking and commercial banking (adjusted gross income). 9/16/2016

25 MARKET RISK 25 Allocation of capital for market risk is familiar to banking sector. Market risks subject to capital requirements: interest rate related instruments in the trading book and foreign exchange risk throughout the bank. 9/16/2016

26 Market Risk Capital Requirements 26 Banking sector is on the Standardised Approach. No bank on the Internal Models Approach. 9/16/2016

27 27 Standardised Measurement Method The minimum capital requirement is expressed in terms of two separately calculated charges: specific risk charge for each security, general market risk where positions in different securities can be offset. 9/16/2016

28 Standardised Approach 28 Capital charges per instrument range from 0% for government instruments to 12% for corporate instruments. Going forward Reserve Bank to prescribe a new Supervisory Rating Scale to enhance the current approach. Market risk capital x 10 = Market risk equivalent assets 9/16/2016

29 MARKET DISCPLINE Under Basel II banks must have a formal disclosure policy approved by board of directors- approach for determining what disclosures it will make. Internal controls over the disclosure process. Process for assessing the appropriateness of disclosures, including their validation and frequency.

30 MARKET DISCPLINE 30 For each risk area banks must describe their risk management objectives and policies; the structure and organisation of the relevant risk management function; policies for mitigating risk, and strategies and processes for monitoring the continuing effectiveness of mitigants. 9/16/2016

31 Market Disclosure tables

32 Market Disclosure tables

33 Market Disclosure tables

34 Evolution of Bank Capital Regulation

35 Rationale of Basel III-Capital The complexity in the definition of capital, lack of harmonization of the various deductions and prudential filters coupled with lack of transparency in banks capital structures made it impossible to compare capital adequacy across jurisdictions. The definition of core capital allowed elements that had poor loss absorption capacity to form part of capital. As a result tangible common equity capital, the best form of capital in terms of loss absorption, was as low as 1% of risk-weighted assets.

36 Rationale of Basel III-Capital Experience from the global financial crisis revealed that credit losses and write-downs come directly out of retained earnings and therefore common equity, thereby increasing the importance of tangible common equity in core capital.

37 Rationale The capital requirements for trading assets were extremely low, even relative to banks own economic capital estimates as shown below.

38 Basel III reform of bank capital regulation The framework seeks to : Improve the quality, consistency, level and transparency of capital; Increase risk coverage of capital requirements; Limit the build up of leverage; Dampen the pro-cyclicality of capital requirements; Increase the resilience of banks to short term and long term liquidity shocks; Encourage reliance on stable sources of funding; and Introduce measure to control systemic risks to the financial system

39 Quality, Consistency, Level and Transparency of Capital Quality of capital Focus on loss absorbance and permanence of capital as criteria for inclusion in the definition of capital Tangible common equity to dominate Tier 1 Abolishing of Tier 3 Consistency of capital Standard principles for inclusion in Tier 1 and Tier 2 14 principles for inclusion in Tier 1 Additional principles for inclusion in Tier 2 Harmonization of deductions and prudential filters Transparency of capital Full disclosure and reconciliation of capital elements

40 Quality, Consistency, Level and Transparency of Capital Level of capital Minimum Tier 1 increased from 4% to 6% Minimum tangible common equity in Tier 1 increased to 4.5% Capital conservation buffer of 2.5% to be covered by equity capital added to bring minimum equity capital to 7% Minimum capital adequacy ratio still static at 8% without capital conservation buffer The balance can be Tier 2 capital which will continue to provide loss absorption on a gone concern basis. Minimum total capital plus conservation buffer set at 10.5% However, the capital requirements will be phased in over time as shown in the table below.

41 Quality, Consistency, Level and Transparency of Capital Level of capital-phase in arrangements

42 Increased Risk Coverage Regulatory arbitrage permitted banks to increase total assets with no corresponding increases in risk-weighted assets.

43 Increased Risk Coverage Basel III substantially improves the coverage of the risks related to capital market activities, particularly: trading book, securitisation products, and counterparty credit risk on OTC derivatives and repos.

44 Increased Risk Coverage The revised framework now requires the following: Similar treatment for trading and banking book securitizations; Higher risk weights for resecuritisations (20% instead of 7% for AAA-rated tranches); Higher credit conversion factors for short-term liquidity facilities to off-balance sheet conduits and SIVs (the shadow banking system); and Introduction of a 12-month stressed VaR capital charge;

45 Increased Risk Coverage Incremental risk capital charge applied to the measurement of specific risk in credit sensitive positions when using VaR; More rigorous own credit analyses of externally rated securitisation exposures with less reliance on external ratings. Counterparty credit risk on OTC derivatives and repos will be measured using stressed inputs. Banks must also hold capital for mark to market losses (credit valuation adjustments CVA) associated with the deterioration of a counterparty s credit quality.

46 Limiting excessive leverage The leverage ratio will help ensure that system-wide risks are underpinned by capital. Minimum Tier 1 leverage ratio set at 3%

47 Dampening pro-cyclicality of capital The reforms introduce two new capital buffer requirements namely capital conservation buffer and the countercyclical buffer. Buffers are to be met using equity capital Capital conservation buffer conservation buffer is set at 2% while the countercyclical buffer ranges from 0%-2.5%. The conservation buffer is to be built up during good times and will restrict discretionary distributions out of earnings when capital falls below the minimum.

48 Dampening pro-cyclicality of capital The countercyclical buffer is meant to achieve the broader macro-prudential goal of protecting the financial system from periods of excess credit growth. Each jurisdiction will monitor credit growth in relation to measures such as GDP and, using judgment, assess whether such growth is excessive, there leading to the built-up of system-wide risk. Based on this assessment they may put in place a countercyclical buffer requirement ranging from 0 to 2.5%.

49 Dampening pro-cyclicality of capital For banks that are operating in multiple jurisdictions, the buffer will be a weighted average of the buffers applied in each of the jurisdictions in which the bank has credit risk. The countercyclical buffer, when in effect, would be introduced as an extension of the conservation buffer range.

50 Summary of capital reforms

51 Global liquidity standards In addressing systemic risk the reform introduces liquidity requirements that penalize excessive reliance on short term wholesale funding to support longer dated assets. The BCBS has developed two internationally consistent regulatory measures for liquidity-risk supervision namely: the liquidity coverage ratio(lcr); and the net stable funding ratio (NSFR). The LCR focuses on the short-term resiliency of the liquidity risk profile of financial institutions.

52 The Liquidity Coverage Ratio LCR identifies the amount of unencumbered, highquality liquid assets an institution holds that can be used in a stress scenario to offset the net cash outflows it would encounter over a 30-day period. The LCR consists of two components, namely: value of the stock of high-quality liquid assets; net cash outflows, both of which are calculated according to set parameters.

53 The Liquidity Coverage Ratio This standard would require that the value of the ratio be no lower than 100 per cent (i.e., the stock of liquid assets should at least equal the estimated net cash outflows). Current proposals are that banks might be expected to maintain a 30-day liquidity coverage ratio to strengthen their resilience to a liquidity crisis.

54 The Net Stable Funding Ratio The NSFR aims to promote the resilience of financial institutions over the longer term, based on the liquidity characteristics of an institution s assets and activities over a one-year horizon. The NSFR measures the amount of stable funding sources available to an institution relative to the liquidity profiles of the assets funded plus the potential liquidity demands arising from off-balance commitments.

55 The Net Stable Funding Ratio The current proposal would require that this ratio be above 100 per cent. These are minimum levels of liquidity for internationally active banks and national supervisors may increase and extend the scope thereof in their respective jurisdictions. The liquidity proposals also include a number of monitoring tools to assist supervisors in assessing and tracking liquidity stress in financial institutions.

56 Conclusion 56 Reserve Bank has implemented most of the requirements of Basel II. With respect to Pillar I, Banks are already required to allocate capital for market risk exposures. Reserve Bank prescribed a modified standardised framework. Further, our banks allocate capital for operational risk. Again, using the standardised approach. But moving to an Alternative Standardised Approach. 9/16/2016

57 Conclusion 57 Most Pillar II requirements have been met under the following guidelines: Risk-Based Supervision Framework; Risk Management; Consolidated Supervision; Internal Audit Framework. 9/16/2016

58 Conclusion 58 Pillar III requirements were covered through the issuance of Minimum Disclosure Requirements. 9/16/2016

59 59 Roadmap - Requirements General skills shortage; Data availability and quality; Systems improvements or requisition of new systems; Regulatory reporting requirements ; Disclosure requirements; Application / approval process, and 9/16/2016

60 60 Roadmap Requirements All banks are expected to implement the Standardised Approaches for Credit, Market and Operational risks. Documented policies and procedures governing the use of standardised approach and internal models. The models must be validated at implementation stage and on an on-going basis. The RBZ will allow the use of advanced approaches for computing regulatory capital in all risk types. However, prior written approval is a requirement. 9/16/2016

61 Roadmap Requirements 61 Board and Senior management should have adequate oversight of the policies and procedures adopted for internal models. Banks opting for advanced approaches need to put in place methods that will enable the computation of capital using the standardised approaches to facilitate parallel comparison. 9/16/2016

62 62 The Reserve Bank has now finalised the Basel II Implementation Action Plan in which, banks shall, at a minimum, adopt the Modified Standardised Approach (MSA) for credit risk, and Alternative Standardised Approach (ASA) for operational risk. Adoption of the advance approaches is subject to satisfactory Supervisory Validation by the RBZ. With respect to the MSA banking institutions are required to develop or revise their internal rating systems, if necessary, to ensure reliable and accurate mapping to the new Supervisory Rating System (SRS). 9/16/2016

63 63 Full Implementation of the revised framework shall commence on 1 January 2012 and finalized by 1 January Thus all banking institutions are required to commence a parallel run of the revised Framework with effect from 1 January During 2012, all banks will be required to perform three Basel II pilot runs, for which the reference dates will be 31 March, 30 June and 30 September The Bank 9/16/2016 advises that the banking sector should migrate to

64 64 9/16/2016

65 65 9/16/2016

66 66 9/16/2016

67 67 9/16/2016

68 68 THE END 9/16/2016

COPYRIGHTED MATERIAL. Bank executives are in a difficult position. On the one hand their shareholders require an attractive

COPYRIGHTED MATERIAL.   Bank executives are in a difficult position. On the one hand their shareholders require an attractive chapter 1 Bank executives are in a difficult position. On the one hand their shareholders require an attractive return on their investment. On the other hand, banking supervisors require these entities

More information

Basel III Pillar 3 disclosures 2014

Basel III Pillar 3 disclosures 2014 Basel III Pillar 3 disclosures 2014 In various tables, use of indicates not meaningful or not applicable. Basel III Pillar 3 disclosures 2014 Introduction 2 General 2 Regulatory development 2 Location

More information

African Bank Holdings Limited and African Bank Limited. Annual Public Pillar III Disclosures

African Bank Holdings Limited and African Bank Limited. Annual Public Pillar III Disclosures African Bank Holdings Limited and African Bank Limited Annual Public Pillar III Disclosures in terms of the Banks Act, Regulation 43 as at 30 September 2016 1 African Bank Holdings Limited and African

More information

Interim financial statements (unaudited)

Interim financial statements (unaudited) Interim financial statements (unaudited) as at 30 September 2017 These financial statements for the six months ended 30 September 2017 were presented to the Board of Directors on 13 November 2017. Jaime

More information

IV SPECIAL FEATURES BASEL III. additional Tier 1 instruments is sometimes blurred, as is the case for certain types of preferred stock.

IV SPECIAL FEATURES BASEL III. additional Tier 1 instruments is sometimes blurred, as is the case for certain types of preferred stock. B BASEL III The fi nancial crisis has revealed a number of shortcomings in the existing framework of prudential regulation. This special feature outlines the main elements of the Basel Committee on Banking

More information

Supplementary Regulatory Capital Disclosure

Supplementary Regulatory Capital Disclosure Supplementary Regulatory Capital Disclosure For the period ended January 31, 2017 For further information, please contact: John Ferren, Senior Vice-President, Corporate CFO and Investor Relations (416)

More information

Basel III Pillar 3. Capital Adequacy and Risks Disclosures as at 31 December 2017

Basel III Pillar 3. Capital Adequacy and Risks Disclosures as at 31 December 2017 Basel III Pillar 3 Capital Adequacy and Risks Disclosures as at 31 December 2017 Commonwealth Bank of Australia ACN 123 123 124 7 February 2018 Images Mastercard is a registered trademark and the circles

More information

Supplementary Regulatory Capital Disclosure

Supplementary Regulatory Capital Disclosure Supplementary Regulatory Capital Disclosure For the period ended January 31, 2018 For further information, please contact: Amy South, Senior Vice-President, Investor Relations (416) 594-7386 Jason Patchett,

More information

Basel II Implementation Update

Basel II Implementation Update Basel II Implementation Update World Bank/IMF/Federal Reserve System Seminar for Senior Bank Supervisors from Emerging Economies 15-26 October 2007 Elizabeth Roberts Director, Financial Stability Institute

More information

African Bank Holdings Limited and African Bank Limited

African Bank Holdings Limited and African Bank Limited African Bank Holdings Limited and African Bank Limited Public Pillar III Disclosures in terms of the Banks Act, Regulation 43 CONTENTS 1. Executive summary... 3 2. Basis of compilation... 7 3. Supplementary

More information

U.S. Implementation of Basel III: Current Developments

U.S. Implementation of Basel III: Current Developments U.S. Implementation of Basel III: Current Developments Practicing Law Institute March 12, 2012 Charles M. Horn Dwight C. Smith 2010 Morrison & Foerster LLP All Rights Reserved mofo.com Topics Current U.S.

More information

African Bank Holdings Limited and African Bank Limited

African Bank Holdings Limited and African Bank Limited African Bank Holdings Limited and African Bank Limited Public Pillar III Disclosures in terms of the Banks Act, Regulation 43 CONTENTS 1. Executive summary... 3 2. Basis of compilation... 7 3. Supplementary

More information

In various tables, use of - indicates not meaningful or not applicable.

In various tables, use of - indicates not meaningful or not applicable. Basel II Pillar 3 disclosures 2008 For purposes of this report, unless the context otherwise requires, the terms Credit Suisse Group, Credit Suisse, the Group, we, us and our mean Credit Suisse Group AG

More information

Supplementary Regulatory Capital Disclosure

Supplementary Regulatory Capital Disclosure Supplementary Regulatory Capital Disclosure For the period ended January 31, 2015 For further information, please contact: Geoff Weiss, Senior Vice-President, Corporate CFO and Investor Relations (416)

More information

Pillar 3 Disclosure (UK)

Pillar 3 Disclosure (UK) MORGAN STANLEY INTERNATIONAL LIMITED Pillar 3 Disclosure (UK) As at 31 December 2009 1. Basel II accord 2 2. Background to PIllar 3 disclosures 2 3. application of the PIllar 3 framework 2 4. morgan stanley

More information

SUMITOMO MITSUI BANKING CORPORATION MALAYSIA BERHAD (Company No U) (Incorporated in Malaysia)

SUMITOMO MITSUI BANKING CORPORATION MALAYSIA BERHAD (Company No U) (Incorporated in Malaysia) 1. OVERVIEW The Pillar 3 Disclosure for financial reporting beginning 1 January 2010 is introduced under the Bank Negara Malaysia's Risk-Weighted Capital Adequacy Framework ("RWCAF"), which is the equivalent

More information

SUMITOMO MITSUI BANKING CORPORATION MALAYSIA BERHAD (Company No U) (Incorporated in Malaysia)

SUMITOMO MITSUI BANKING CORPORATION MALAYSIA BERHAD (Company No U) (Incorporated in Malaysia) 1. OVERVIEW The Pillar 3 Disclosure for financial reporting beginning 1 January 2010 is introduced under the Bank Negara Malaysia's Risk-Weighted Capital Adequacy Framework ("RWCAF"), which is the equivalent

More information

SUMITOMO MITSUI BANKING CORPORATION MALAYSIA BERHAD (Company No U) (Incorporated in Malaysia)

SUMITOMO MITSUI BANKING CORPORATION MALAYSIA BERHAD (Company No U) (Incorporated in Malaysia) 31 March 2016 1. OVERVIEW The Pillar 3 Disclosure for financial reporting beginning 1 January 2010 is introduced under the Bank Negara Malaysia's Risk-Weighted Capital Adequacy Framework ("RWCAF"), which

More information

BASEL II PILLAR 3 DISCLOSURE

BASEL II PILLAR 3 DISCLOSURE 2012 BASEL II PILLAR 3 DISCLOSURE HALF YEAR ENDED 31 MARCH 2012 APS 330: CAPITAL ADEQUACY & RISK MANAGEMENT IN ANZ Important notice This document has been prepared by Australia and New Zealand Banking

More information

BASEL II PILLAR 3 ANNUAL DISCLOSURES YEAR Page 0

BASEL II PILLAR 3 ANNUAL DISCLOSURES YEAR Page 0 s BASEL II PILLAR 3 ANNUAL DISCLOSURES YEAR-2012 Page 0 Table of contents 1 Scope of application... 2 2 Capital structure... 3 3 Capital adequacy... 5 4 Credit risk.... 7 5 Standardized approach and supervisory

More information

Basel II Pillar 3 Disclosures Year ended 31 December 2009

Basel II Pillar 3 Disclosures Year ended 31 December 2009 DBS Group Holdings Ltd and its subsidiaries (the Group) have adopted Basel II as set out in the revised Monetary Authority of Singapore Notice to Banks No. 637 (Notice on Risk Based Capital Adequacy Requirements

More information

Basel II Pillar 3 disclosures 6M 09

Basel II Pillar 3 disclosures 6M 09 Basel II Pillar 3 disclosures 6M 09 For purposes of this report, unless the context otherwise requires, the terms Credit Suisse Group, Credit Suisse, the Group, we, us and our mean Credit Suisse Group

More information

African Bank Holdings Limited and African Bank Limited

African Bank Holdings Limited and African Bank Limited African Bank Holdings Limited and African Bank Limited Public Pillar III Disclosures in terms of the Banks Act, Regulation 43 CONTENTS 1. Executive summary... 3 2. Basis of compilation... 9 3. Supplementary

More information

BASEL III Basel Committee on Banking Supervision (BCBS)

BASEL III Basel Committee on Banking Supervision (BCBS) BASEL III 1.0. Basel Committee on Banking Supervision (BCBS) Following the failure of German Herstatt Bank in the early 1970 s, the Basel Committee on Banking Supervision (BCBS) was created as a Committee

More information

Assessing the modelling impacts of addressing Pillar 1 Ciclycality

Assessing the modelling impacts of addressing Pillar 1 Ciclycality pwc.com/it Assessing the modelling impacts of addressing Pillar 1 Ciclycality London, 18 February 2011 Agenda Overview of the new CRD reforms to reduce pro-cyclicality Procyclicality and impact on modelling

More information

BERMUDA MONETARY AUTHORITY

BERMUDA MONETARY AUTHORITY BERMUDA MONETARY AUTHORITY CONSULTATION PAPER IMPLEMENTATION OF BASEL III NOVEMBER 2013 Table of Contents I. ABBREVIATIONS... 3 II. INTRODUCTION... 4 III. BACKGROUND... 6 IV. REVISED CAPITAL FRAMEWORK...

More information

The Basel Core Principles for Effective Banking Supervision & The Basel Capital Accords

The Basel Core Principles for Effective Banking Supervision & The Basel Capital Accords The Basel Core Principles for Effective Banking Supervision & The Basel Capital Accords Basel Committee on Banking Supervision ( BCBS ) (www.bis.org: bcbs230 September 2012) Basel Committee on Banking

More information

UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION

UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION 1. Capital charge for credit, market and operational risks The bases of regulatory capital calculation for credit risk, market risk and operational risk are described in Note 4.5 to the Financial Statements

More information

Supplementary Notes on the Financial Statements (continued)

Supplementary Notes on the Financial Statements (continued) The Hongkong and Shanghai Banking Corporation Limited Supplementary Notes on the Financial Statements 2014 Contents Supplementary Notes on the Financial Statements (unaudited) Page Introduction... 2 1

More information

What is going on in Basel?

What is going on in Basel? What is going on in Basel? by Fabiana Melo Monetary and Capital Markets Department International Monetary Fund Seminar for Senior Bank Supervisors from Emerging Economies October 19, 2016 1 Outline I.

More information

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures Wells Fargo & Company Basel III Pillar 3 Regulatory Capital Disclosures For the quarter ended June 30, 2018 1 Table of Contents Disclosure Map.. 3 Introduction... 6 Executive Summary... 6 Company Overview

More information

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures Wells Fargo & Company Basel III Pillar 3 Regulatory Capital Disclosures For the quarter ended September 30, 2018 1 Table of Contents Disclosure Map.. 3 Introduction... 6 Executive Summary... 6 Company

More information

Basel III Pillar 3. Capital Adequacy and Risks Disclosures as at 31 December 2016

Basel III Pillar 3. Capital Adequacy and Risks Disclosures as at 31 December 2016 Basel III Pillar 3 Capital Adequacy and Risks Disclosures as at 31 December 2016 COMMONWEALTH BANK OF AUSTRALIA ACN 123 123 124 15 FEBRUARY 2017 This page has been intentionally left blank Table of Contents

More information

Contents. Pillar 3 Disclosure. 02 Introduction. 03 Capital Adequacy. 10 Capital Structure. 11 Risk Management. 12 Credit Risk.

Contents. Pillar 3 Disclosure. 02 Introduction. 03 Capital Adequacy. 10 Capital Structure. 11 Risk Management. 12 Credit Risk. Contents 02 Introduction 03 Capital Adequacy 10 Capital Structure 11 Risk Management 12 Credit Risk 39 Securitization 39 Market Risk 40 Operational Risk 41 Equity Exposures in the Banking Book 42 Interest

More information

Table of Contents. For further information contact: Investor Relations Warwick Bryan Phone: Facsimile: com.

Table of Contents. For further information contact: Investor Relations Warwick Bryan Phone: Facsimile: com. Basel II Pillar 3 Capital Adequacy and Risk Disclosures as at 31 December 2008 Table of Contents 1. Introduction... 3 2. Scope of application... 4 3. Capital and Risk Summary... 5 3.1 Capital... 6 3.2

More information

The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES

The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES For the period ended September 30, 2016 TABLE OF CONTENTS Page No. Index of Tables 1 Introduction 2 Regulatory Capital 5 Capital Structure 6 Risk-Weighted

More information

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures Wells Fargo & Company Basel III Pillar 3 Regulatory Capital Disclosures For the quarter ended September 30, 2017 1 Table of Contents Disclosure Map... 3 Introduction... 6 Executive Summary... 6 Company

More information

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures Wells Fargo & Company Basel III Pillar 3 Regulatory Capital Disclosures For the quarter ended June 30, 2017 1 Table of Contents Disclosure Map... 3 Introduction... 6 Executive Summary... 6 Company Overview...

More information

Holdings Limited Biannual Public Disclosures in terms of the Banks Act, Regulation 43

Holdings Limited Biannual Public Disclosures in terms of the Banks Act, Regulation 43 Capitec Bank Holdings Limited Biannual Public Disclosures in terms of the Banks Act, Regulation 43 1. Basis of compilation The following information is compiled in terms of Regulation 43 of the Regulations

More information

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures Wells Fargo & Company Basel III Pillar 3 Regulatory Capital Disclosures For the quarter ended December 31, 2017 1 Table of Contents Disclosure Map... 3 Introduction... 5 Executive Summary... 5 Company

More information

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures

Wells Fargo & Company. Basel III Pillar 3 Regulatory Capital Disclosures Wells Fargo & Company Basel III Pillar 3 Regulatory Disclosures For the quarter ended March 31, 2018 1 Table of Contents Disclosure Map Introduction Executive Summary Company Overview Basel III Overview

More information

Capitec Bank Holdings Limited Biannual Public Disclosures in terms of the Banks Act, Regulation 43

Capitec Bank Holdings Limited Biannual Public Disclosures in terms of the Banks Act, Regulation 43 Capitec Bank Holdings Limited Biannual Public Disclosures in terms of the Banks Act, Regulation 43 1. Basis of compilation The following information is compiled in terms of Regulation 43 of the Banks Act

More information

Basel II What does it mean for Canadian banks and investors?

Basel II What does it mean for Canadian banks and investors? Basel II What does it mean for Canadian banks and investors? Presented by: Vivek Wadhwa, McKinsey & Company January 25, 2008 1 Agenda Basel II Overview Background and Timing New Concepts Impact on Capital

More information

The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES

The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES For the period ended December 31, 2016 TABLE OF CONTENTS Page No. Index of Tables 1 Introduction 2 Regulatory Capital 5 Capital Structure 6 Risk-Weighted

More information

Lloyds Banking Group plc Half-Year Pillar 3 disclosures. 28 July 2016

Lloyds Banking Group plc Half-Year Pillar 3 disclosures. 28 July 2016 Lloyds Banking Group plc 2016 Half-Year Pillar 3 disclosures 28 July 2016 BASIS OF PRESENTATION This report presents the condensed half-year Pillar 3 disclosures of Lloyds Banking Group plc ( the Group

More information

Basel Committee on Banking Supervision. Basel III: A global regulatory framework for more resilient banks and banking systems

Basel Committee on Banking Supervision. Basel III: A global regulatory framework for more resilient banks and banking systems Basel Committee on Banking Supervision Basel III: A global regulatory framework for more resilient banks and banking systems December 2010 (rev June 2011) Copies of publications are available from: Bank

More information

Citibank Berhad Pillar 3 Disclosure June 2018

Citibank Berhad Pillar 3 Disclosure June 2018 Citibank Berhad Pillar 3 Disclosure June 2018 Contents Page No 1. Introduction 3 2. Capital Adequacy 4 3. Capital Structure 11 4. Credit Risk 12 5. Securitization 38 6. Equity in the Banking Book 38 7.

More information

GOLDMAN SACHS BANK (EUROPE) PLC

GOLDMAN SACHS BANK (EUROPE) PLC AS AT 31 DECEMBER 2009 GOLDMAN SACHS BANK (EUROPE) PLC PILLAR 3 DISCLOSURES Table of Contents 1. Overview 1 2. Basel II and Pillar 3 1 3. Scope of Pillar 3 1 4. Capital Resources and Capital Requirements

More information

Basel II Pillar 3 disclosures

Basel II Pillar 3 disclosures Basel II Pillar 3 disclosures 6M10 For purposes of this report, unless the context otherwise requires, the terms Credit Suisse, the Group, we, us and our mean Credit Suisse Group AG and its consolidated

More information

Basel II Pillar 3 Disclosure

Basel II Pillar 3 Disclosure Basel II Pillar 3 Disclosure 230 Overview 231 1.0 Scope of Application 231 2.0 Capital 2.1 Capital Adequacy Ratios 2.2 Capital Structure 2.3 Risk-Weighted Assets and Capital Requirements 238 3.0 Credit

More information

The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES

The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES For the period ended September 30, 2017 TABLE OF CONTENTS Page No. Index of Tables 1 Introduction 2 Regulatory Capital 5 Capital Structure 6 Risk-Weighted

More information

Basel III: Strategic and Operational Impacts

Basel III: Strategic and Operational Impacts Basel III: Strategic and Operational Impacts Milan, 17 April 2015 11/3/2015 4:10:36 PM 2010 DB Blue template Agenda - Purpose and Scope of Basel III - Capital and RWA - Pillars of Basel III - Liquidity

More information

Risk and treasury management

Risk and treasury management Risk and treasury management information according to IFRS 7 and IAS 1 Risk disclosures provided in line with the requirements of the International Financial Reporting Standard 7 (IFRS 7) Financial Instruments:

More information

Basel III Pillar 3 disclosures

Basel III Pillar 3 disclosures Basel III Pillar 3 disclosures 6M14 In various tables, use of indicates not meaningful or not applicable. Basel III Pillar 3 disclosures 6M14 List of abbreviations 2 Introduction 3 General 3 Additional

More information

Contents. Supplementary Notes on the Financial Statements (unaudited)

Contents. Supplementary Notes on the Financial Statements (unaudited) The Hongkong and Shanghai Banking Corporation Limited Supplementary Notes on the Financial Statements 2015 Contents Supplementary Notes on the Financial Statements (unaudited) Page Introduction... 2 1

More information

RHB Bank Berhad. Basel II Pillar 3 Quantitative Disclosures 30 th June 2011 Consolidated basis

RHB Bank Berhad. Basel II Pillar 3 Quantitative Disclosures 30 th June 2011 Consolidated basis RHB Bank Berhad Basel II Pillar 3 Quantitative Disclosures 30 th June 2011 Consolidated basis RHB Bank Group Basel II Pillar 3 Quantitative Disclosures 30 th June 2011 Pillar 3 Disclosure Contents Page

More information

RISK REPORT PILLAR

RISK REPORT PILLAR A French corporation with share capital of EUR 1,009,897,137.75 Registered office: 29 boulevard Haussmann - 75009 PARIS 552 120 222 R.C.S. PARIS RISK REPORT PILLAR 3 30.09.2018 CONTENTS 1 CAPITAL MANAGEMENT

More information

BERMUDA MONETARY AUTHORITY BASEL III FOR BERMUDA BANKS NOVEMBER 2017 RULE UPDATE

BERMUDA MONETARY AUTHORITY BASEL III FOR BERMUDA BANKS NOVEMBER 2017 RULE UPDATE BERMUDA MONETARY AUTHORITY BASEL III FOR BERMUDA BANKS NOVEMBER 2017 RULE UPDATE TABLE OF CONTENTS I. ABBREVIATIONS... 3 II. PREAMBLE... 4 III. BACKGROUND... 6 IV. REVISED CAPITAL FRAMEWORK... 8 V. PILLAR

More information

BASEL II PILLAR 3 REPORT FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2012

BASEL II PILLAR 3 REPORT FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2012 BASEL II PILLAR 3 REPORT FOR THE FINANCIAL PERIOD ENDED 30 SEPTEMBER 2012 ALLIANCE ISLAMIC BANK MALAYSIA BERHAD CONTENTS PAGE Overview 1 1.0 Scope of Application 1 2.0 Capital 1-4 2.1 Capital Adequacy

More information

Supplementary Notes on the Financial Statements (continued)

Supplementary Notes on the Financial Statements (continued) The Hongkong and Shanghai Banking Corporation Limited Supplementary Notes on the Financial Statements 2013 Contents Supplementary Notes on the Financial Statements (unaudited) Page Introduction... 2 1

More information

FIN 683 Financial Institutions Management Capital Adequacy

FIN 683 Financial Institutions Management Capital Adequacy FIN 683 Financial Institutions Management Capital Adequacy Professor Robert B.H. Hauswald Kogod School of Business, AU Why Regulate Banks? The case for regulation financial markets are different: why?

More information

Emerging from the Crisis Building a Stronger International Financial System

Emerging from the Crisis Building a Stronger International Financial System Secrétariat général de la Commission bancaire Emerging from the Crisis Building a Stronger International Financial System Session 4: Issues Highlighted by the Crisis: Expanding the Regulatory Perimeter

More information

Basel Committee on Banking Supervision. High-level summary of Basel III reforms

Basel Committee on Banking Supervision. High-level summary of Basel III reforms Basel Committee on Banking Supervision High-level summary of Basel III reforms December 2017 This publication is available on the BIS website (www.bis.org). Bank for International Settlements 2017. All

More information

Regulatory Capital Pillar 3 Disclosures

Regulatory Capital Pillar 3 Disclosures Regulatory Capital Pillar 3 Disclosures December 31, 2016 Table of Contents Background 1 Overview 1 Corporate Governance 1 Internal Capital Adequacy Assessment Process 2 Capital Demand 3 Capital Supply

More information

Basel II and Financial Stability: Singapore s Experience

Basel II and Financial Stability: Singapore s Experience Basel II and Financial Stability: Singapore s Experience Bank Indonesia Seminar on Financial Stability 22 September 2006 Chia Der Jiun Executive Director, Prudential Policy Monetary Authority of Singapore

More information

PILLAR3 AS AT31MARCH 2016

PILLAR3 AS AT31MARCH 2016 BASEL I PILLAR3 CAPITALADEQUACY AND RISKS DISCLOSURES AS AT31MARCH 2016 COMMONWEALTH BANK OFAUSTRALIA ACN 123123124 9MAY2016 This page has been intentionally left blank Table of Contents 1 Introduction

More information

Capital & Risk Management Pillar 3 Disclosures

Capital & Risk Management Pillar 3 Disclosures Capital & Risk Management Pillar 3 Disclosures 31st December 2017 Company Registration no. 06736473 Contents Introduction...3 Activities and Scope...3 Regulatory framework for disclosures...4 Basis and

More information

Introduction... 1 Basel II... 1 Pillar 3 disclosures Consolidation basis... 3 Scope of Basel II permissions... 3

Introduction... 1 Basel II... 1 Pillar 3 disclosures Consolidation basis... 3 Scope of Basel II permissions... 3 HSBC Bank plc Capital and Risk Management Pillar 3 Disclosures as at 31 December 2010 Contents Introduction... 1 Basel II... 1 Pillar 3 disclosures 2010... 2 Consolidation basis... 3 Scope of Basel II

More information

The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES

The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES For the period ended June 30, 2015 TABLE OF CONTENTS Page No. Index of Tables 1 Introduction 2 Regulatory Capital 5 Capital Structure 6 Risk-Weighted

More information

INTRODUCTION. This document is not audited and should be read in conjunction with our Q Quarterly Report to Shareholders and 2017 Annual Report.

INTRODUCTION. This document is not audited and should be read in conjunction with our Q Quarterly Report to Shareholders and 2017 Annual Report. INTRODUCTION This document is not audited and should be read in conjunction with our Q3 2018 Quarterly Report to Shareholders and 2017 Annual Report. Effective November 1, 2012, Canadian banks are subject

More information

Santander UK plc Additional Capital and Risk Management Disclosures

Santander UK plc Additional Capital and Risk Management Disclosures Santander UK plc Additional Capital and Risk Management Disclosures 1 Introduction Santander UK plc s Additional Capital and Risk Management Disclosures for the year ended should be read in conjunction

More information

Notification of the Bank of Thailand No. FPG. 12/2555 Re: Regulations on Supervision of Capital for Commercial Banks

Notification of the Bank of Thailand No. FPG. 12/2555 Re: Regulations on Supervision of Capital for Commercial Banks Unofficial Translation This translation is for the convenience of those unfamiliar with the Thai language Please refer to Thai text for the official version -------------------------------------- 1. Rationale

More information

SUMITOMO MITSUI BANKING CORPORATION MALAYSIA BERHAD (Incorporated in Malaysia)

SUMITOMO MITSUI BANKING CORPORATION MALAYSIA BERHAD (Incorporated in Malaysia) (Incorporated in Malaysia) S 1. OVERVIEW The Pillar 3 Disclosure for financial reporting beginning 1 January 2010 is introduced under the Bank Negara Malaysia's Risk-Weighted Capital Adequacy Framework

More information

TABLE 2: CAPITAL STRUCTURE - December 31, 2015

TABLE 2: CAPITAL STRUCTURE - December 31, 2015 Frequency : Quarterly Location : Quarterly Financial Statement TABLE 2: CAPITAL STRUCTURE - December 31, 2015 Balance sheet - Step 1 (Table 2(b)) All figures are in SAR '000 Assets Balance sheet in Published

More information

PILLAR 3 DISCLOSURES

PILLAR 3 DISCLOSURES The Goldman Sachs Group, Inc. December 2012 PILLAR 3 DISCLOSURES For the period ended June 30, 2014 TABLE OF CONTENTS Page No. Index of Tables 2 Introduction 3 Regulatory Capital 7 Capital Structure 8

More information

The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES

The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES The Goldman Sachs Group, Inc. PILLAR 3 DISCLOSURES For the period ended December 31, 2015 TABLE OF CONTENTS Page No. Index of Tables 1 Introduction 2 Regulatory Capital 5 Capital Structure 6 Risk-Weighted

More information

Bank Capital Adequacy Standards: CRD IV & Europe s transition to Basel III

Bank Capital Adequacy Standards: CRD IV & Europe s transition to Basel III Professor CHRISTOS HADJIEMMANUIL University of Piraeus & London School of Economics Bank Capital Adequacy Standards: CRD IV & Europe s transition to Basel III Annual Conference of the Greek Society of

More information

Pillar 3 report Table of contents

Pillar 3 report Table of contents Table of contents Structure of Pillar 3 report Executive summary 3 Introduction 6 Risk appetite and risk types 7 Controlling and managing risk 8 Group structure 13 Capital overview 15 Leverage ratio disclosure

More information

RHB Islamic Bank Berhad Basel II Pillar 3 Quantitative Disclosures. 30 June 2017

RHB Islamic Bank Berhad Basel II Pillar 3 Quantitative Disclosures. 30 June 2017 Berhad Basel II Pillar 3 Quantitative Disclosures 30 June 2017 Contents Page(s) Statement by Managing Director 2 Introduction 3 Scope of Application 3 List of Tables Table No Description Table 1 Capital

More information

PILLAR 3 DISCLOSURES

PILLAR 3 DISCLOSURES . The Goldman Sachs Group, Inc. December 2012 PILLAR 3 DISCLOSURES For the period ended December 31, 2014 TABLE OF CONTENTS Page No. Index of Tables 2 Introduction 3 Regulatory Capital 7 Capital Structure

More information

Basel II Pillar 3 Capital Adequacy and Risk Disclosures. Determined to be better than we ve ever been. as at 31 December 2009

Basel II Pillar 3 Capital Adequacy and Risk Disclosures. Determined to be better than we ve ever been. as at 31 December 2009 Determined to be better than we ve ever been. Basel II Pillar 3 Capital Adequacy and Risk Disclosures as at 3 December 2009 Commonwealth Bank of Australia Table of Contents Introduction... 2 Scope of

More information

Basel II Pillar 3 disclosures

Basel II Pillar 3 disclosures Basel II Pillar 3 disclosures 6M12 For purposes of this report, unless the context otherwise requires, the terms Credit Suisse, the Group, we, us and our mean Credit Suisse Group AG and its consolidated

More information

Deutsche Bank AG Johannesburg Pillar 3 disclosure

Deutsche Bank AG Johannesburg Pillar 3 disclosure Deutsche Bank AG Johannesburg For the half year ended 30 Deutsche Bank Risk & Capital Management Deutsche Bank Contents Page Overview 1 Financial performance 2 Financial position 3 Capital structure 4

More information

RS Official Gazette No 103/2016

RS Official Gazette No 103/2016 RS Official Gazette No 103/2016 Pursuant to Article 51а, paragraph 3 of the Law on Banks (RS Official Gazette, Nos 107/2005, 91/2010 and 14/2015) and Article 15, paragraph 1 of the Law on the National

More information

BERMUDA MONETARY AUTHORITY

BERMUDA MONETARY AUTHORITY BERMUDA MONETARY AUTHORITY GUIDELINES ON THE ENHANCEMENT OF STRESS TESTING IN THE CAPITAL ASSESSMENT AND RISK PROFILE (CARP) FOR BERMUDA S BANKING SECTOR APRIL 2014 TABLE OF CONTENTS I. EXECUTIVE SUMMARY...2

More information

THE INVESTOR FOR SECURITIES COMPANY. PILLAR III DISCLOSURE As of 31 December 2017

THE INVESTOR FOR SECURITIES COMPANY. PILLAR III DISCLOSURE As of 31 December 2017 THE INVESTOR FOR SECURITIES COMPANY PILLAR III DISCLOSURE As of 31 December 2017 Table of Contents 1. Scope of Application... 3 1.1. Basis of Disclosure... 4 1.2. Frequency of Disclosures... 4 1.3. Material

More information

ICAAP Q Saxo Bank A/S Saxo Bank Group

ICAAP Q Saxo Bank A/S Saxo Bank Group ICAAP Q2 2014 Saxo Bank A/S Saxo Bank Group Contents 1. INTRODUCTION... 3 NEW CAPITAL REGULATION IN 2014... 3 INTERNAL CAPITAL ADEQUACY ASSESSMENT PROCESS (ICAAP)... 4 BUSINESS ACTIVITIES... 4 CAPITAL

More information

PILLAR-III DISCLOSURES

PILLAR-III DISCLOSURES PILLAR-III DISCLOSURES 31 December 2014 Page 1 of 12 Table of contents PAGE 1. SCOPE OF APPLICATION...3 2. CAPITAL STRUCTURE..3 3. CAPITAL ADEQUACY 3 4. RISK MANAGEMENT 4.1 GENERAL QUALITATIVE DISCLOSURE

More information

Supervisory Statement SS10/18 Securitisation: General requirements and capital framework. November 2018

Supervisory Statement SS10/18 Securitisation: General requirements and capital framework. November 2018 Supervisory Statement SS10/18 Securitisation: General requirements and capital framework November 2018 Supervisory Statement SS10/18 Securitisation: General requirements and capital framework November

More information

New package of banking reforms

New package of banking reforms REGULATION New package of banking reforms Regulation & Public Policies The European Commission has presented today a new legislative package aimed at amending both the current banking prudential and resolution

More information

RHB Investment Bank Berhad Basel II Pillar 3 Quantitative Disclosures. 30 June 2017

RHB Investment Bank Berhad Basel II Pillar 3 Quantitative Disclosures. 30 June 2017 RHB Investment Bank Berhad Basel II Pillar 3 Quantitative Disclosures 30 June 2017 Contents Page(s) Statement by Chief Executive Officer 2 Introduction 3 Scope of Application 3 List of Tables Table No

More information

Goldman Sachs Group UK (GSGUK) Pillar 3 Disclosures

Goldman Sachs Group UK (GSGUK) Pillar 3 Disclosures Goldman Sachs Group UK (GSGUK) Pillar 3 Disclosures For the year ended December 31, 2013 TABLE OF CONTENTS Page No. Introduction... 3 Regulatory Capital... 6 Risk-Weighted Assets... 7 Credit Risk... 7

More information

Banking and Finance. Roadmap to Basel III Accord

Banking and Finance. Roadmap to Basel III Accord 1148 Roadmap to Basel III Accord The banking sector s role is unquestionably crucial in the financial intermediation process and thus achieves sustainable improvement and faster economic growth. Round

More information

CAPITAL ADEQUACY AND RISK MANAGEMENT Pillar 3 of the Basel regulations

CAPITAL ADEQUACY AND RISK MANAGEMENT Pillar 3 of the Basel regulations CAPITAL ADEQUACY AND RISK MANAGEMENT 2017 Pillar 3 of the Basel regulations Contents List of tables 1 List of figures 2 Glossary 3 1. Introduction 5 2. The Board s statement on risk management and risk

More information

SUPPLEMENTARY REGULATORY CAPITAL DISCLOSURE FOURTH QUARTER 2015

SUPPLEMENTARY REGULATORY CAPITAL DISCLOSURE FOURTH QUARTER 2015 SUPPLEMENTARY REGULATORY CAPITAL DISCLOSURE FOURTH QUARTER (unaudited) For more information: Ghislain Parent, Chief Financial Officer and Executive Vice-President Finance and Treasury, Tel: 514 394-6807

More information

Basel Committee proposals for Strengthening the resilience of the banking sector

Basel Committee proposals for Strengthening the resilience of the banking sector Banking and Capital Markets Basel Committee proposals for Strengthening the resilience of the banking sector New rules or new game? 2 PricewaterhouseCoopers On 17 December, the Basel Committee on Banking

More information

Is it implementing Basel II or do we need Basell III? BBA Annual Internacional Banking Conference. José María Roldán Director General de Regulación

Is it implementing Basel II or do we need Basell III? BBA Annual Internacional Banking Conference. José María Roldán Director General de Regulación London, 30 June 2009 Is it implementing Basel II or do we need Basell III? BBA Annual Internacional Banking Conference José María Roldán Director General de Regulación It is a pleasure to join you today

More information

What will Basel II mean for community banks? This

What will Basel II mean for community banks? This COMMUNITY BANKING and the Assessment of What will Basel II mean for community banks? This question can t be answered without first understanding economic capital. The FDIC recently produced an excellent

More information

Guidelines on identification and management of step-in risk

Guidelines on identification and management of step-in risk Guidelines on identification and management of step-in risk Basel Committee on Banking Supervision (BCBS) www.managementsolutions.com Research and Development November Página 2017 1 List of abbreviations

More information

HSBC BANK BERMUDA LIMITED

HSBC BANK BERMUDA LIMITED Capital and Risk Management Pillar 3 Disclosures at 30 June 2018 THIS PAGE IS INTENTIONALLY LEFT BLANK Cautionary statement regarding forward-looking statements The Capital and Risk Management Interim

More information