The Europe-based banking regulator wishes that standard-setters in Basel will develop a global regime for the prudential treatment of software assets, as the European Union prepares to ease its own rules on the topic.
A final draft regulatory technical standard (RTS) proposed by the European Banking Authority in October 2020 will provide some capital relief to EU-based banks, but will remain tougher than standards in the US and Switzerland, according to risk.net.
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