Global Correspondence

GFMA, IIF, ISDA and IACPM Comments to Basel on the Second Consultative Document on Revisions to the Standardized Approach for Credit Risk

GFMA, the Institute of International Finance (IIF), the International Swaps and Derivatives Association (ISDA) and the International Association of Credit Portfolio Managers (IACPM) provide comment on the Basel Committee on Banking Supervision’s (BCBS) second proposal on revisions to the standardized approach for credit risk. The Associations would like to thank the BCBS Task Force on the Standardized Approach (TFSA) for the opportunity to raise with them in person some of the industry’s comments on the proposals at the meeting in Basel on February 17. 

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