Proposed revisions to Basel Securitisation Framework
In December 2012 the Basel Committee on Banking Supervision (BCBS) published a consultation paper proposing substantial changes to the methods banks use to calculate risk-based capital requirements related to securitisation exposures. The proposal’s stated objectives are to make securitisation capital requirements more prudent and risk-sensitive, to lessen reliance on external credit ratings, and to reduce “cliff effects”.
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Earlier this year Clyde & Co revealed a 33 per cent climb in corporate revenue, from £53m to £70.7m.