The following Financial Services practice note Produced in partnership with Morrison & Foerster LLP provides comprehensive and up to date legal information covering:
The Basel Committee on Banking Supervision (BCBS), consisting of the central banks of governors of the so-called G10 countries (Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, the United Kingdom and the United States), published a report in July 1988 setting out a proposed framework for measuring capital adequacy, and minimum capital requirements, for internationally-active banks. This is known as the Basel Accord (or Basel I).
Most countries in the world have since adopted the Basel Accord, or elements of it, and in many cases have applied its provisions to purely domestic banks and financial institutions, as well as internationally–active banks.
The purpose of the Basel Accord was to strengthen the stability of the international banking system and achieve some degree of consistency between bank capital frameworks applied in different countries.
Initially, the Basel Accord focused almost entirely on banks holding sufficient capital to protect them against the credit risk to which they were exposed. Various modifications and supplements were made over several years, including the incorporation of an amendment requiring banks to apply capital charges against their market risk, ie the risk of losses arising from movements in market prices.
In June 1999, the BCBS announced its intention to develop a new, more sophisticated, capital a
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Voluntary manslaughterVoluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element for murder) but which are reduced to manslaughter because of one of the three special defences (loss of control, diminished responsibility or suicide
Practical completion marks the end of the construction period of a project, when the works are 'finished' and the employer can occupy and/or use them. Practical completion also typically marks the start of the defects liability period/maintenance period.As explained below, practical completion is an
This Practice Note provides guidance on claims for ‘use and occupation’ or mesne profits, and how and when double rent or double value can be claimed.Claims for use and occupationA claim for use and occupation is possible where there is occupation of land without an express agreement fixing the
Case number [insert number][In the principal registryORIn the [insert court location] FAMILY court]Sitting at [insert place]Notice of actingBetween[insert petitioner name]Petitionerand[insert respondent name]RespondentTake notice that we [insert name of firm] have been appointed to act as the
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