BASEL’S CONSULTATION PROCESS: WHAT’S EMERGING? Stephen Bland, Financial Services Authority.

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Presentation transcript:

BASEL’S CONSULTATION PROCESS: WHAT’S EMERGING? Stephen Bland, Financial Services Authority

OVERVIEW OF OVERVIEW Basel in two slides Key issues -Absolute capital -Internal ratings -Operational risk -Supervisory review -Market discipline -EU implementation -Way forward

CAPITALCAPITALCAPITALCAPITAL THE THREE PILLARS DISCLOSUREDISCLOSUREDISCLOSUREDISCLOSURE SUPERVISIONSUPERVISIONSUPERVISIONSUPERVISION

THE THREE RISKS Unchanged –Capital definition –Market risk Lots of change –Credit risk –Operational risk

ABSOLUTE CAPITAL Average Dispersion Volatility

INTERNAL RATINGS Three options Further work Consultation process

OPERATIONAL RISK Why capital? How much? Three approaches Further work

SUPERVISORY REVIEW Work for firms Work for regulators Level playing fields

MARKET DISCIPLINE Purpose Detail Implementation

EU IMPLEMENTATION EU consultation Differences of substance Differences of form UK angles

WAY FORWARD Timetable Further work by regulators Work for the industry

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