Examples of BCBS in a sentence
BCBS member countries agreed to implement Basel III from 1 January 2013, subject to transitional and phase-in arrangements for certain requirements (for example, the LCR requirements referred to implementation from the start of 2015, with full implementation by January 2019, and the NSFR requirements referred to implementation from January 2018).
In December 2017, the BCBS announced a set of amendments to the Basel III package, described by some commentators as “Basel IV”.
However, rules need to be complemented with the informed judgement of financial sector authorities based on their joint assessment of the risks across the financial system.In order to achieve consistency globally, international bodies and standard setters – such as the expanded FSF, IOSCO, the IAIS, the BCBS, the BIS and others (e.g., IASB, CGFS) – will develop such tools and provide national authorities, which are responsible for their implementation, with options.
The proposed rule also would address some of the comments the agencies received regarding the interaction of the BCBS agreements and the agencies’ eSLR standards proposal.
BCBSMA was “the first BCBS insurer in the country to require hospital certification for weight-loss” surgeries.