Archives for International

Letter to the UK Corporate Governance Reform Team regarding its corporate governance reform green paper (2/17/17)

Date: February 17, 2017

Issue: Corporate governance

To: UK Corporate Governance Reform Team

Filing Type: Letter

Description: This letter submits comments in response to the UK's Corporate Governance Reform Green Paper. In it, CCMC highlights the corporate governance principles that contribute to vibrant capital markets and economic growth, and encourages the UK to prioritize growth as it considers the corporate governance framework for its public companies.

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Letter to the Basel Committee regarding Regulatory Treatment of Accounting Provisions (1/13/17)

Date: January 13, 2017

Issue: Accounting; International

To: Basel Committee on Banking Supervision

Filing Type: Comment Letter

Description: CCMC submitted comments regarding the Consultative Document and related Discussion Paper on Regulatory Treatment of Accounting Provisions —Interim Approach and Transitional Arrangements. The Consultative Documents recognize the introduction of new accounting standards by the International Accounting Standards Board and the United States Financial Accounting Standards Board that will require the use of expected credit loss (“ECL”) models instead of incurred loss models. CCMC urges the Committee not to move forward with any changes in regulatory treatment until banks have had a chance in the United States and elsewhere to see how ECL accounting and other expected credit loss metrics are actually working.

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Letter to FSB on Risk Culture (1/31/14)

Date: January 31, 2014

Issue: Capital Formation

To: Financial Stability Board

Filing Type: Regulatory Reform

Description: The Chamber’s Global Risk and Governance Initiative (GRGI) submitted a letter to the Financial Stability Board expressing concerns that its Risk Culture paper may create subjective guidelines that are redundant to, or in conflict with, the legal and regulatory provisions for systemically important financial institutions.

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