March 18, 2010, 03:19 CET
Basel II
National implementation of the new Basel Capital Accord (Basel II)
In order to prepare for the national implementation of Basel II and Brussels II, Germany's banking supervisors have set up the "Implementation of Basel II" Working Group as well as specialist sub-committees to consider the issues of (1) the Internal Ratings-Based Approach, (2) operational risk, (3) credit protection techniques, (4) securitisation, (5) the Supervisory Review Process and (6) disclosure requirements in 2003. The aim of the working group and the expert panels was to prepare for the national implementation of Basel II and the corresponding EU directives.
Owing to the positive experience from this institutionalised dialogue between supervisory authorities and the banking industry, BaFin and the Bundesbank have agreed to continue this form of cooperation with the banking industry under a new name, “Working Group on Banking Supervision” (Banking Supervision WG). Renaming the working group is intended as a way of underscoring the new working group’s aim of covering all major prudential supervisory issues.
The following organisational changes relative to the erstwhile “Implementation of Basel II” working group will come into effect from 1 May 2007:
- The Internal Ratings-Based Approach and Credit Protection Expert Panels have been merged to form the Credit Expert Panel.
- A new Own Funds Expert Panel has been established.
All sub-committees are composed of experts from the banking industry, BaFin and the Bundesbank. They draw up proposals for tackling specialised issues and evaluations of the implications of alternative approaches. The proposals are discussed and examined in a wider context in the superordinated working group, which includes representatives of the central associations of the banking industry participating in the Central Credit Committee.
The minutes of the meetings are posted on BaFin's and the Bundesbank's websites in order to ensure optimum transparency regarding the work of the specialist sub-committees and the working group.
Information concerning the Solvency regulation you can find under Solvency.
