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The Committee has received a number of interpretation questions related to the December 2010 publication of the Basel III regulatory frameworks for capital and liquidity. To help ensure a consistent global implementation of Basel III, the Committee has agreed to periodically review frequently asked questions and publish answers along with any technical elaboration of the rules text and interpretative guidance that may be necessary.
Today's publication sets out the second set of frequently asked questions that relate to counterparty credit risk sections of the Basel III rules text. The questions and answers are grouped according to different relevant areas (including the default counterparty credit risk charge, the credit valuation adjustment (CVA) capital charge and asset value correlations).
These FAQs aim to promote consistent global implementation of Basel III.