The BCR serves as a comparable basis for the application of proposed higher loss absorbency requirements.
Prudential Supervision and Oversight
23 October 2014
1 October 2014
This Guidance helps in the design and implementation of a risk-based approach for the banking sector, taking into account national risk assessments and the national legal and regulatory frameworks, as well as helps develop a common understanding of the risk-based approach between supervisory authorities and banks.
The guidance forms a basis for supervisors and firms to promote and develop a shared understanding of the firm's risk culture and have informed conversations with the board and senior management who set the tone on culture from the top.