Practical Law
May 19, 2015
In the summer of 2015, both Basel III and the Dodd-Frank Act will turn five years old. With the exception of operational risk measurement, the Basel Committee on Banking Supervision has completed most of the necessary guidelines for the Basel III regulatory capital framework (see Practice Note, Basel III: overview). According to the Davis-Polk Progress Report, as of the first quarter of 2015, the 15 US financial and bank regulators have finalized over 60% of the necessary implementation rules for the Dodd-Frank Act (see also Practice Note, Road Map to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010). Many of these new rules will require banks to produce high quality, complete, and consistent data proving and documenting their compliance…Read More