ICMA ERCC responds to the European Commission’s public consultation on Implementing the Final Basel III Reforms in the EU


2 January 2020 The ERCC’s response focuses on the questions in Section 2 which relate specifically to Securities Financing Transactions (SFTs). In particular, the ERCC addresses a number of issues related to the Basel provisions for minimum haircut floors for SFTs, drawing on the work previously undertaken for the 2018 GFMA/ICMA repo market report on the potential impacts for securities lending. The response also covers the treatment of counterparty credit risk for unrated entities and the lack of maturity adjustments in the corporate exposure provisions for the standardised approach.

View the response.

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