Sullivan & Cromwell LLP has produced for The Clearing House a chart comparing the final standards announced by the Basel Committee on December 7, 2017 to the current U.S. regulatory capital approach and the previous Basel Consultations. The comparison chart is broken down into six categories:
1. Output Floor and Transitional Arrangements
2. Standardized Approach for Credit Risk
3. Internal Ratings-Based Approach for Credit Risk
4. Operational Risk
5. Leverage Ratio
6. Credit Valuation Adjustment Risk
Disclaimer: The views expressed in this post are those of the author(s) and do not necessarily reflect the position of The Clearing House or its membership, and are not intended to be, and should not be construed as, legal advice of any kind.