Basel iii news and alerts, from the Basel iii Compliance Professionals Association (BiiiCPA).
Today we will start with the average salary and the demand for Basel III skills in IT jobs advertised across the UK.
The first table looks at the demand for Basel III skills in IT jobs advertised across the UK.
Included is a guide to the average salaries offered in IT jobs that have cited Basel III over the 3 months to 6 March 2013 with a comparison to the same period in the previous 2 years.
The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category.
We will continue with a keynote address by Mr Stefan Ingves, Chairman of the Basel Committee, speaking about priorities and themes for the Basel Committee.
We learn that major projects currently under way include:
1. Finalising the specification of the leverage ratio, and associated disclosure requirements;
2. Reviewing the Net Stable Funding Ratio (NSFR), which addresses the longer-term structure of bank debt and complements the short-term focus of the LCR;
3. Completing the review of the trading book capital requirements. This entails an evaluation of the design of the market risk regulatory regime as well as weaknesses in risk measurement under the framework’s internal models-based and standardized approaches;
4. Enhancing the treatment of securitisations to make capital requirements more prudent and risk-sensitive.
5. Reducing mechanistic reliance on external credit ratings and to reduce current cliff effects in capital requirements;
6. Strengthening standards to limit excessive and opaque risk-taking through over-the-counter (OTC) derivatives and to reduce systemic risk posed by OTC derivatives transactions, markets and practices.
Work on margining requirements, counterparty credit risk and capital for banks’ exposures to central counterparties are examples of our efforts related to derivatives;
7. Revising the supervisory framework for large exposures to complement the Committee’s risk-based capital standard and to help improve banks’ measurement and control of large exposures.
Today we will start with the average salary and the demand for Basel III skills in IT jobs advertised across the UK.
The first table looks at the demand for Basel III skills in IT jobs advertised across the UK.
Included is a guide to the average salaries offered in IT jobs that have cited Basel III over the 3 months to 6 March 2013 with a comparison to the same period in the previous 2 years.
The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category.
We will continue with a keynote address by Mr Stefan Ingves, Chairman of the Basel Committee, speaking about priorities and themes for the Basel Committee.
We learn that major projects currently under way include:
1. Finalising the specification of the leverage ratio, and associated disclosure requirements;
2. Reviewing the Net Stable Funding Ratio (NSFR), which addresses the longer-term structure of bank debt and complements the short-term focus of the LCR;
3. Completing the review of the trading book capital requirements. This entails an evaluation of the design of the market risk regulatory regime as well as weaknesses in risk measurement under the framework’s internal models-based and standardized approaches;
4. Enhancing the treatment of securitisations to make capital requirements more prudent and risk-sensitive.
5. Reducing mechanistic reliance on external credit ratings and to reduce current cliff effects in capital requirements;
6. Strengthening standards to limit excessive and opaque risk-taking through over-the-counter (OTC) derivatives and to reduce systemic risk posed by OTC derivatives transactions, markets and practices.
Work on margining requirements, counterparty credit risk and capital for banks’ exposures to central counterparties are examples of our efforts related to derivatives;
7. Revising the supervisory framework for large exposures to complement the Committee’s risk-based capital standard and to help improve banks’ measurement and control of large exposures.
