‘Exchange — International’ newsletter (Issue 17 — February 2013) - .PDF file.
DLA Piper’s Financial Services International Regulatory team welcomes you to the 27th edition of ‘Exchange — International’ — an international newsletter designed to keep you informed of regulatory developments in the financial services sector. This issue includes updates from Austria, Sweden, the UK and the US.
On 11 October 2012, the Basel Committee on Banking Supervision (“BCBS”) published its framework for dealing with domestic systemically important banks (D-SIBs). The BCBS has developed a set of principles broadly categorised into two groups: assessment methodology for D-SIBs; and higher loss absorbency requirements for D-SIBs. The BCBS’s view is that banks should be assessed by national authorities for their systemic importance to that specific jurisdiction and that the framework should be added to the scope of the Basel III regulatory consistency assessment programme…
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