Publication
Major overhaul to environmental legislation: What does it mean for you?
Penalties for many environmental crimes will double under the Environment Protection Legislation Amendment (Stronger Regulation and Penalties) Bill 2024.
Publication | January 13, 2013
In my January 2015 column,1 I discussed December 2014 proposed revisions to the international risk-based capital requirements using the Standardized Approach. The proposed revisions were issued by the Basel Committee, which develops international capital standards. After review of the comments and analysis of a quantitative study regarding the impact of the proposal on affected institutions, the Basel Committee issued a re-proposal of the changes for comment on Dec. 10, 2015.2 Comments are due by March 21, 2016. This month’s column will discuss highlights of the re-proposal.
Under current Basel III capital standards, certain large banking organizations, with regulatory approval, can use their sophisticated internal risk-based models to determine the risk weight of their assets, called the Internal Ratings-Based Approach. The remaining banking organizations use the Standardized Approach. The standardized risk-based capital calculations as amended over the years are derived from the original risk-based capital standards issued in 1988.
Read the full article: Revised proposed changes to capital requirements
Publication
Penalties for many environmental crimes will double under the Environment Protection Legislation Amendment (Stronger Regulation and Penalties) Bill 2024.
Publication
On March 13, the Canadian Sustainability Standards Board (CSSB) published two Canadian sustainability standard exposure drafts – CSDS 1, General Requirements for Disclosure of Sustainability-related Financial Information and CSDS 2, Climate-related Disclosures (Draft Canadian Standards).
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