Executive Summary
This document sets out revised standards for minimum capital requirements for Market Risk by the Basel Committee on Banking Supervision ("the Committee"). The text herein is intended to replace the existing minimum capital requirements for market risk in the global regulatory framework, including amendments made after the June 2006 publication of Basel II: International Convergence of Capital Measurement and Capital Standards - Comprehensive Version.
Consistent with the policy rationales underpinning the Committee's three consultative papers on the Fundamental Review of the Trading Book, [Basel Committee on Banking Supervision: Fundamental review of the trading book, consultative document, May 2012; Fundamental review of the trading book: A revised market risk framework, consultative document, October 2013; Fundamental review of the trading book: Outstanding issues, consultative document, December 2014.] the revised market risk framework consists of the following key
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