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FIA recommended changes to the Bank for International Settlements ("BIS") Basel Committee on Banking Supervision's proposed revisions to the credit valuation adjustment ("CVA") risk framework.
within Intellectual Property, Food, Drugs, Healthcare, Life Sciences and Transport topic(s)
FIA
recommended changes to the Bank for International Settlements
("BIS") Basel Committee on Banking Supervision's
proposed revisions to the credit valuation adjustment
("CVA") risk framework.
In a November 2019 consultative document, the BIS
proposed several "limited adjustments" to the CVA
risk framework. Stakeholders were asked to provide feedback on the
proposed adjustments to the Basel III standards by February 25,
2020.
In a February 2020 comment letter, FIA urged the BIS to, among
other things, remove client-cleared derivatives from the scope of
the CVA. FIA argued that the CVA capital charge is inconsistent
with the G20 goal of promoting central clearing of derivatives.
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