2013

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Evaluating Early Warning Indicators of Banking Crises: Satisfying Policy Requirements

BIS discussion paper examines approaches to estimation and evaluation procedures for early warning indicators

Bank for International Settlements discussion paper recommends early warning indicators (EWIs) of banking crises be evaluated on the basis of performance relative to macroprudential policy maker's decision problem. Translates several practical aspects of this problem - such as difficulties in assessing costs and benefits of various policy measures as well as requirements for timing and stability of EWIs - into statistical evaluation criteria. Applying criteria to a set of potential EWIs, paper finds that credit-to-GDP gap and a new indicator, debt service ratio (DSR), consistently outperform other measures. Credit-to-GDP gap is best indicator at longer horizons, whereas DSR dominates at shorter horizons.

Release date: Jul 2013

Type: Consultative, discussion and issues paper

Deadline for comments:

Global Systemically Important Insurers (G-SIIs) and the Policy Measures That Will Apply to Them

FSB endorsement of IAIS methodology and policy measures

Initial list of nine G-SIIs identified by national authorities and the Financial Stability Board based on a methodology developed by the International Association of Insurance Supervisors. Policy measures that will apply to G-SIIs include: i) the recovery and resolution planning requirements under the FSB's Key Attributes of Effective Resolution Regimes; ii) enhanced group-wide supervision, with the group-wide supervisor having powers with over holding companies and overseeing development of a Systemic Risk Management Plan; and iii) higher loss absorbency requirements (HLA).

Publisher: Global Standard-Setting Bodies Release date: Jul 2013

Type: Standard

Parent: Key Attributes of Effective Resolution Regimes for Financial Institutions, Liquidity Coverage Ratio Disclosure Standards

Peer: Guidance on Liquidity Management and Planning

Topics: Systemically important financial institutions (SIFIs), Recovery and resolution, Capital adequacy, Supervisory framework, Crisis management and contingency planning

Sectors: Insurance

Guidance on Identification of Critical Functions and Critical Shared Services

FSB guidance to assist in meeting recovery and resolution planning requirements

Financial Stability Board guidance to assist authorities and CMGs in their evaluation of the criticality of functions that firms provide to the real economy and financial markets. Aims to promote a common understanding of which functions and shared services are critical by providing shared definitions and evaluation criteria. Covers the functions and services provided by banks and therefore does not cover functions provided by insurance firms or financial market infrastructures (FMIs), though some elements of this guidance paper may be relevant to other sectors.

Publisher: Global Standard-Setting Bodies Release date: Jul 2013

Type: Guideline

Parent: Key Attributes of Effective Resolution Regimes for Financial Institutions

Topics: Systemically important financial institutions (SIFIs), Crisis management and contingency planning, Recovery and resolution

Sectors: Banking, Insurance, Securities

Guidance on Developing Effective Resolution Strategies

FSB guidance to assist home and host authorities in meeting resolution planning requirements

Guidance to assist home and host authorities in meeting the resolution planning requirements under the Financial Stability Board's Key Attributes for Effective Resolution Regimes. Describes key considerations and pre-conditions for the development and successful implementation of effective resolution strategies. Complements the Essential Elements of Recovery and Resolution Plans set out in Annex III to the Key Attributes.

Publisher: Global Standard-Setting Bodies Release date: Jul 2013

Type: Guideline

Parent: Key Attributes of Effective Resolution Regimes for Financial Institutions

Topics: Systemically important financial institutions (SIFIs), Crisis management and contingency planning, Recovery and resolution

Sectors: Banking, Insurance, Securities

Capital Requirements - CRD IV/CRR – Frequently Asked Questions

EU FAQs regarding overall regulatory framework for banks and investment firms

European Union frequently asked questions addressing structure of regulatory framework, including supervisory structure, licensing, corporate governance requirements, prudential regulations including Basel III capital, liquidity, and leverage ratio requirements, and other issues.

Publisher: Regional Standard-Setting Bodies Release date: Jul 2013

Type: Consultative, discussion and issues paper

Parent: Capital Requirements Directive - CRD IV, Capital Requirements Regulation - CRR

Peer: A Review of Macro-Prudential Policy in the EU One Year After the Introduction of the CRD/CRR

Topics: Capital adequacy, Corporate governance, Liquidity risk and rules, Transparency and disclosure, Licensing, Supervisory framework

Sectors: Banking

Guidance on Recovery Triggers and Stress Scenarios

FSB guidance to assist in implementing recovery plan requirements

Financial Stability Board guidance on two specific aspects of recovery plans: i) the design and nature of criteria triggering senior management consideration of recovery actions ("triggers"), a firm's reactions to breached triggers, and engagement by supervisory and resolution authorities following breached triggers; and ii) the severity of hypothetical stress scenarios and the design of stress scenarios more generally. Complements the guidance on recovery plans set out in Annex III to the Key Attributes for Effective Resolution Regimes.

Publisher: Global Standard-Setting Bodies Release date: Jul 2013

Type: Guideline

Parent: Key Attributes of Effective Resolution Regimes for Financial Institutions

Topics: Systemically important financial institutions (SIFIs), Crisis management and contingency planning, Recovery and resolution

Sectors: Banking, Insurance, Securities

Providing Women Access to Financial Services

WWB report highlights barriers to inclusion of poor women in the financial sector

Women`s World Banking White Paper discusses major barriers that impede inclusion of poor women from the financial sector. Provides solutions and encourages broadening definition of financial inclusion to include a full suite of financial products including access to savings accounts, insurance and pensions.

Publisher: Others Release date: Jul 2013

Type: Consultative, discussion and issues paper

Topics: Gender equality, Financial inclusion

Sectors: Microfinance, Microinsurance, Pensions

Stress Testing and Scenario Analysis

IAA paper presents actuarial perspective on scenario analysis and stress testing

International Actuarial Association paper discusses considerations that may be used to help develop scenarios for insurance companies and other financial institutions for use in sensitivity analysis and stress testing. Principally concerned with assessment and enhanced understanding of effects of sensitivities and stresses on a financial services firm or industry through a systematic and rigorous "what if" analysis.

Publisher: Industry Groups Release date: Jul 2013

Type: Consultative, discussion and issues paper

Topics: Actuarial, Macroprudential, Stress-testing

Sectors: Insurance

Global Systemically Important Banks: Updated Assessment Methodology and the Higher Loss Absorbency Requirement

BCBS 2013 update of the G-SIB framework

Basel Committee on Banking Supervision updated methodology for assessing and identifying global systemically important banks (G-SIBs). Describes additional loss absorbency requirements that will apply to G-SIBs, the phase-in arrangements and the disclosures banks above a certain size are required to make. Assessment methodology is based on an indicator-based approach and comprises five broad categories: size, interconnectedness, lack of readily available substitutes or financial institution infrastructure, global (cross-jurisdictional) activity and complexity. Additional loss absorbency requirements will range from 1% to 2.5% Common Equity Tier 1 (CET1) depending on bank's systemic importance with an initially empty bucket of 3.5% CET1 as means to discourage banks from becoming even more systemically important.

Publisher: Global Standard-Setting Bodies Release date: Jun 2013

Type: Standard

Parent: Liquidity Coverage Ratio Disclosure Standards

Topics: Systemically important financial institutions (SIFIs), Recovery and resolution, Capital adequacy, Supervisory framework, Crisis management and contingency planning, Transparency and disclosure

Sectors: Banking

Capital Requirements Directive - CRD IV

EU directive establishing the legal framework applicable to all banks and investment firms

European Union legal framework for banks, building societies and investment firms that must be transposed into national law in all EU jurisdictions. Provides for the licensing of institutions and their ability to operate throughout the EU, and for the prudential supervision and sanctioning of institutions. Introduces new systemic risk and systemic institution capital buffers. Increases corporate governance and board composition requirements. Issued together with the complementary, more detailed and uniform prudential regulatory framework set forth in the Capital Requirements Regulation (CRR) that is directly applicable to all EU jurisdictions.

Publisher: Regional Standard-Setting Bodies Release date: Jun 2013

Type: Law, Regulation and Policy

Topics: Supervisory framework, Risk management, Corporate governance, Capital adequacy, Systemically important financial institutions (SIFIs), Macroprudential

Sectors: Banking, Securities

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Resources

382 records

Evaluating Early Warning Indicators of Banking Crises: Satisfying Policy Requirements

Global Systemically Important Insurers (G-SIIs) and the Policy Measures That Will Apply to Them

Guidance on Identification of Critical Functions and Critical Shared Services

Guidance on Developing Effective Resolution Strategies

Capital Requirements - CRD IV/CRR – Frequently Asked Questions

Guidance on Recovery Triggers and Stress Scenarios

Providing Women Access to Financial Services

Stress Testing and Scenario Analysis

Global Systemically Important Banks: Updated Assessment Methodology and the Higher Loss Absorbency Requirement

Capital Requirements Directive - CRD IV

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