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On July 1, 2015, the Basel Committee announced a review of the
Credit Valuation Adjustment Risk Framework. The objectives of the
review include ensuring that all important drivers of CVA risk and
CVA hedges are covered in the Basel regulatory capital standard.
Further, the review will align the capital standard with the fair
value measurement of CVA employed under a number of accounting
regimes and ensure consistency with the proposed revisions to the
market risk framework under the Basel Committee's Fundamental
Review of the Trading Book.
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
