• Revisions to Basel Securitisation Framework—Final Rules
  • February 27, 2015 | Authors: J. Paul Forrester; Kevin Hawken; Carol A. Hitselberger; Jason H. P. Kravitt; Stuart M. Litwin
  • Law Firms: Mayer Brown LLP - Chicago Office ; Mayer Brown LLP - London Office ; Mayer Brown LLP - Charlotte Office ; Mayer Brown LLP - Chicago Office
  • On 11 December 2014, the Basel Committee on Banking Supervision (BCBS) published a final Basel III Document (BCBS d303) on changes to the international model rules for banks’ calculation of credit risk capital requirements for exposures to securitisation transactions (Revised Framework). The Revised Framework follows the BCBS’s first consultative document on this subject (BCBS 236) published in December 2012, and its second consultative document (BCBS 269), published in December 2013 (Second Proposal), and includes the text of the Revised Framework that will replace the securitisation framework set out in the Basel II capital requirements framework as amended. The Revised Framework is to be implemented by BCBS member countries by the beginning of 2018.