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WOCCU Supports Simplified Alternative in Basel Committee Standard on Capital Requirements

World Council supports many aspects of the Basel Committee on Banking Supevision's (Committee)  proposal to establish a “Simplified Alternative” to Basel III’s standardised approach to market risk capital requirements, which would apply to less complex banking institutions.The proposal that would exclude asset-size or trading-book-size limitations that would otherwise restrict an institution's eligibility to use the Simplified Alternative should provide regulatory relief for most credit unions.

WOCCU filed its comment letter to the Committee's Consultative Document:  Revisions to the minimum capital requirements for market risk.

A copy of the letter filed by WOCCU can be viewed here.

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Basel