Regulatory Updates

The table below covers a snapshot of the changes in regulations or press releases from regulators. This is a limited list, but each of the topics is an important step in the development of a market for contingent capital.

Date Event
Dec 2011 The EBA published a first report on the results of the Basel III on European Banks 

Dec 2011 Fed Proposal regarding Sifis 

Dec 2011 Termsheet for Contingent Convertible (EBA) 

Oct 2011 Effective Resolution Regimes for Financial Institutions 

Oct 2011 Report of the European Banking Authority regarding the necessary capital buffers for banks to deal with sovereign exposure (stress tests)  

Sep 2011 Final report of the Vickers commission on the reform of the UK banking industry  

Aug 2011 The Office of the Superintendent of Financial Institutions Canada (OSFI) released the final advisory outlining its expectations in respect of issuance of non-viability contingent capital 

Aug 2011 The FSA publishes a consultation paper (CP11/16): 'Recovery and Resolution Plans' 

Jul 2011 Global systemically important banks: Assessment methodology and the additional loss absorbency requirement 

Jul 2011 CRD IV: New proposals on capital requirements 

Jun 2011 Measures for global systemically important banks agreed by the Group of Governors and Heads of Supervision

Jan 2011 Final elements of the reforms to raise the quality of regulatory capital issued by the Basel Committee
Dec 2010 Basel III rules text and results of the quantitative impact study issued by the Basel Committee
Dec 2010 Results of the comprehensive quantitative impact study

Oct 2010 The Basel Committee's response to the financial crisis: report to the G20

Sep 2010 Group of Governors and Heads of Supervision announces higher global minimum capital standards

Aug 2010 Proposal to ensure the loss absorbency of regulatory capital at the point of non-viability - consultative document

July 2010 Signing of the Dodd-Frank Act