November 21, 2023- The U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and IRS Criminal.
Counterparty-credit-risk management is becoming more challenging and complex, reflecting a disrupted global economic, political, and regulatory environment, together with historically high levels of volatility.
After the 2008 global financial meltdown, the Basel Committee on Banking Supervision developed the third instalment of the Basel Accords, Basel III, establishing minimum capital requirements for banks. Basel III Endgame is the latest proposed framework, brimming with guidelines for regulatory capital from the principal US regulatory bodies.