SFIG Submits Comment Letter to BCBS on Step-In Risk

Last Thursday, March 17th, SFIG submitted comments, drafted by Alston & Bird, to the Basel Committee on Banking Supervision (“BCBS”) regarding the “identification and measurement of step-in risk.” SFIG’s letter provided comments on the BCBS Consultative Document. According to the BCBS, they are looking to “help industry and regulators develop an approach for identifying, assessing and addressing step-in risk potentially embedded in banks’ relationships with ‘shadow banking’ entities.”

If you would like to join SFIG’s Regulatory Capital and Liquidity Committee, please contact Alyssa.Acevedo@sfindustry.org.

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