BASEL IV Updates - CVA Framework

BASEL IV Updates - CVA Framework

Key facts, considerations and actions to take

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The Basel Committee on Banking Supervision (BCBS) finalised the “Targeted revisions to the credit valuation adjustment risk framework” on 8 July 2020 and the Hong Kong Monetary Authority subsequently announced the adoption of the framework based on the latest BCBS timetable – i.e. by 1 January 2023 – for reporting purposes.

This publication summarises the key facts and considerations around the adoption of the new CVA framework, as well as actions to take.

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