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IBFed responds to Basel consultative document on capitalisation of bank exposure to CCP - 10/

10 Feb 2011

IBFed has expressed concerns about a consultative document from the Basel Committee on “Capitalisation of bank exposure to central counterparties”.  In responding, IBFed has reiterated the view that central counterparties (CCPs) are vital to the stability of the financial system, and welcomed the ongoing work to develop international standards to oversee their operation.  IBFed has asked the BCBS to consider these developments when agreeing rules on the capital banks should hold against exposures to CCPs and not to adopt the proposed rules which would reduce the existing capital relief available for central clearing.

The IBFed comment is available here.

 
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