The oversight body of the Basel Committee on Banking Supervision
("BCBS"), and the Group of Central Bank Governors and
Heads of Supervision ("GHOS"), approved final revisions to the market risk
framework. Separately, GHOS also approved the BCBS's strategic
priorities and work program for 2019.
The revised Minimum Capital Requirements for Market Risk
replaced an earlier version published in January 2016. The
January 2016 market risk framework, which was intended to enhance consistency of
implementation, as well as lower arbitrage opportunities between
capital requirements for market risk and credit risk, outlined the
scope of application for market risk capital requirements. The
revised market risk framework will become effective on January 1,
2022.
