Basel III Accord definition

Basel III Accord means, together:
Sample 1Sample 2Sample 3
Basel III Accord means, together, “Basel III: A global regulatory framework for more resilient banks and banking systems” and “Basel III: International framework for liquidity risk measurement, standards and monitoring” both published by the Basel Committee on Banking Supervision on 16th December, 2010, in either case in the form existing on the date of this Agreement;
Sample 1Sample 2Sample 3
Basel III Accord means the documents entitled "Basel Committee on Banking Supervision – Basel III: A global regulatory framework for more resilient banks and banking systems – December 2010 (rev June 2011)" and "Basel Committee on Banking Supervision – Basel III: International Framework for liquidity risk measurements, standards and monitoring – December 2010 [(rev June 2011)]" published by the Basel Committee on Banking Supervision on 16 December 2010, as supplemented and/or amended from time to time;
Sample 1Sample 2Sample 3

Examples of Basel III Accord in a sentence

  • Many provisions of the Basel III Accord were adopted in rulemaking in July 2013.

  • In order to enable the Sub-Fund to be eventually eligible to the Liquidity Coverage Ratio (LCR), the Sub-Fund will invest in debt securities (the "Bonds") issued by Level-1 Eligible Issuers, as defined in the Basel III Accord implemented within the European Union under the Capital Requirement Directive (n° 2013/36/EU) and the Capital Requirement Regulation (n° 575/2013).

  • The data contained in the Bank's Pillar 3 reports are calculated in accordance with the Basel III Accord regulatory capital requirements.

  • The Basel III Accord contains global regulatory standards on capital adequacy, stress testing, market risk, and liquidity risk and is intended to strengthen capital requirements and to implement new liquidity, leverage, governance and remuneration requirements.

  • The Basel III Accord improves on the pre-crisis situation by allowing for CVA VaR charges which effectively raise the bar for capital adequacy and strengthen provisioning strategies.

  • Analytical classificationsThis section describes the different analytical classifications used in this document that are not already defined within the framework of the Basel III Accord.

  • The Risk Management and Capital Adequacy Disclosures fulfill the Pillar 3 requirements of the Basel III Accord.

  • This framework is based on local and international guidelines, such as the Basel III Accord, corresponding Directives and Regulations of the European Union, including technical standards, as well as contemporary international banking practices.

  • On March 5, 2014, according to B3 Circular Letter No. 003/2014, new versions of B3 Clearinghouses rules became effective, aiming towards convergence with international capital requirement rules under Basel III Accord by financial institutions subject to credit risk of clearinghouses.

  • More importantly, the Basel III Accord also offers the alternative of full collateralization which solves the problem of counterparty credit risk at the root (except in cases of extreme contagion), thus eliminating the anti-economical DVA subsidies to the bond holders of bankrupt firms.


More Definitions of Basel III Accord

Basel III Accord means, together: the agreements on capital requirements, a leverage ratio and liquidity standards contained in “Basel III: A global regulatory framework for more resilient banks and banking systems”, “Basel III: International framework for liquidity risk measurement, standards and monitoring” and “Guidance for national authorities operating the countercyclical capital buffer” published by the Basel Committee on Banking Supervision in December 2010, each as amended, supplemented or restated; the rules for global systemically important banks contained in “Global systemically important banks: assessment methodology and the additional loss absorbency requirement - Rules text” published by the Basel Committee on Banking Supervision in November 2011, as amended, supplemented or restated; and any further guidance or standards published by the Basel Committee on Banking Supervision relating to “Basel III”.
Sample 1Sample 2

Related to Basel III Accord

  • Basel III means, collectively, those certain agreements on capital requirements, a leverage ratio and liquidity standards contained in “Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems,” “Basel III: International Framework for Liquidity Risk Measurement, Standards and Monitoring,” and “Guidance for National Authorities Operating the Countercyclical Capital Buffer,” each as published by the Basel Committee on Banking Supervision in December 2010 (as revised from time to time), and as implemented by a Lender’s primary banking regulatory authority.

  • Basel III Regulation means, with respect to any Affected Person, any rule, regulation or guideline applicable to such Affected Person and arising directly or indirectly from (a) any of the following documents prepared by the Basel Committee on Banking Supervision of the Bank of International Settlements: (i) Basel III: International Framework for Liquidity Risk Measurement, Standards and Monitoring (December 2010), (ii) Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems (June 2011), (iii) Basel III: The Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools (January 2013), or (iv) any document supplementing, clarifying or otherwise relating to any of the foregoing, or (b) any accord, treaty, statute, law, rule, regulation, guideline or pronouncement (whether or not having the force of law) of any governmental authority implementing, furthering or complementing any of the principles set forth in the foregoing documents of strengthening capital and liquidity, in each case as from time to time amended, restated, supplemented or otherwise modified. Without limiting the generality of the foregoing, “Basel III Regulation” shall include Part 6 of the European Union regulation 575/2013 on prudential requirements for credit institutions and investment firms (the “CRR”) and any law, regulation, standard, guideline, directive or other publication supplementing or otherwise modifying the CRR.

  • Fraud Monitoring System means an off-line administration system that monitors suspected occurrences of ABT- related fraud.

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • Financial Instruments Accounts Act means the Swedish Financial Instruments Accounts Act (lag (1998:1479) om kontoföring av finansiella instrument).

  • Data Protection Impact Assessment means an assessment by the Controller of the impact of the envisaged processing on the protection of Personal Data.