EBA wants Basel to revisit prudential rules on software


Basel and software

Basel Committee, based at the BIS Tower, postponed discussions on software assets

Europe’s banking regulator is keen for standard-setters in Basel to develop a global regime for the prudential treatment of software assets, as the European Union prepares to ease its own rules on the topic.

A final draft regulatory technical standard (RTS) proposed by the European Banking Authority on October 14 will provide some capital relief to EU banks, but will remain significantly tougher than standards in the US and Switzerland.

Delphine Reymondon, the EBA’s head of capital, says talks

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