26 Jan BCBS – proposes amendments to rules on haircut floors for securities financing transactions
Posted at 13:53h
in Regulatory Changes – North America
January 26, 2021
Technical Amendments
Amendments aimed to address the interpretive issues regarding collateral upgrade transactions, correct a misstatement of the formula applied to netting sets of STFs.
Amendments both relate to chapter CRE56 of the consolidated Basel framework which set out a formula for calculation of portfolio haircut floor for a netting set of SFTs.
Effectiveness
Responses to the consultation are requested by March 31, 2021.
For more information, visit www.bis.org.
Discover More Regulatory Insights
Visit the AxiomSL resource center for recent Regulatory Changes for financial institutions, InsideView Blog, and Thought Leadership.