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EBA expects Basel standard-setters to rethink software prudential rules

Tuesday 10 November 2020 13:14 CET | News

Banking regulator EBA has decided to soften capital impact of IT assets, but proposals are still out of line with US, according to risk.net.

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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Keywords: EBA, Basel, standard setters, prudential rules, software, RTS, European Banking Authority, US, Switzerland, banks
Categories: Banking & Fintech | Digital Identity, Security & Online Fraud
Countries: Europe
This article is part of category

Banking & Fintech