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Which are the Basel III regulation standards?
The Basel III banking standards, developed by the Basel Committee, aim to fortify global banking regulations. They mandate higher capital quality, an over 3% leverage ratio, and new liquidity requirements (LCR and NSFR), enhancing banks' resilience to liquidity shocks.
Crypto financial regulations in UK
UK lawmakers advocate for a dedicated official to supervise the creation of crypto regulations. The Crypto APPG asserts that immediate regulation is required, suggesting 53 recommendations. PM Rishi Sunak's administration considers integrating crypto into existing financial structures.
Cybersecurity Innovation: Quantum Leap
The BIS Innovation Hub, Banque de France, and Deutsche Bundesbank have created "Leap," a quantum-safe channel, addressing potential quantum computer risks to financial data. Demonstrating a quantum-resistant VPN, Leap pioneers in securing the financial system.
Global Digital Compact & International Finance: EU Position
The EU endorses UN's briefs on digital cooperation, finance reform, and progress metrics. Advocating the Global Digital Compact, they stress on AI, data, and human rights. They call for financial system overhaul for global crises management and SDGs.
EBA Data Collection: Benchmarking Standards
EBA's final 2024 ITS draft includes accounting metrics for high default portfolios and updated market risk templates focusing on DRC and RRAO. The benchmark exercise monitors fund requirement variability and regulatory impacts on capital and solvency in the EU.
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