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.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.