Advisers Act
US Investment Advisers Act of 1940
AIF
Alternative Investment Fund
AIFM
Alternative Investment Fund Managers
BaFin
German Federal Financial Services Supervisory Authority
Banking Agencies
Refers, together, to the Fed, OCC, OTS and FDIC
Basel Committee
Basel Committee on Banking Supervision
Basel III
The fundamental revisions to the capital and liquidity framework proposed in the Basel Committee papers, published in December 2010 and January 2011, in particular including “A global regulatory framework for more resilient banks and banking systems”
BIS
Bank for International Settlements
Capital Requirements Directive
Comprises the Recast Banking Consolidation Directive (Recast) 2006/48/EC of the EU and the Capital Adequacy Directive (Recast) 2006/49/EC of the EU and prescribes the statutory regulatory capital framework for the EU
CBFA
Belgian Banking, Finance and Insurance Commission
CBRC
China Banking Regulatory Commission
CCP
Central counterparty
CCR
Counterparty credit risk
CEBS
Committee of European Banking Supervisors, from 1 January 2011 the European Banking Authority
CEIOPS
Committee of European Insurance and Occupational Pensions Supervisors, from 1 January 2011, the European Authority for Insurance and Occupational Pensions
CESR
Committee of European Securities Regulators, from 1 January, ESMA
CFTC
Commodity Futures Trading Commission
Common Equity
In relation to Basel III or CRD 4 or broadly common shares and retained earnings (or the equivalent for particular types of legal entities)
Council
Financial Stability Oversight Council established under Dodd-Frank
CPSS
Committee on Payment and Settlement Systems
CRD 2
Directive 2009/111/EU (and, in relation to securitisation issues, also Directive 2009/83/EU) of the EU amending the Capital Requirements Directive (including in relation to hybrid capital, securitisations, liquidity and the large exposures regime)
CRD 3
Directive 2010/76/EU of the EU, further amending the Capital Requirements Directive (including in relation to the trading book and securitisation framework)
CRD 4
Proposals by the EU Commission to amend the Capital Requirements Directive (including by introducing a new leverage ratio, countercyclical measures, charges for derivatives and by revising the nature and structure of capital and providing a new liquidity framework)
Dodd-Frank
Dodd-Frank Wall Street Reform and Consumer Protection Act
ESAs
European Supervisory Authorities, established as part of the restructuring of the EU supervisory structure in effect from 1 January 2011
ESMA
European Securities and Markets Authority, which replaces CESR from 1 January 2011
EU
European Union (currently comprising 27 Member States)
EU Commission
European Commission
EU Council
European Council
EU Parliament
European Parliament
FAT
Financial activities tax
FDIC
Federal Deposit Insurance Corporation
Fed
Board of Governors of the Federal Reserve System
FSA
Financial Services Authority - UK financial services supervisory authority
FSB
Financial Stability Board
FSC
Financial stability contribution
HKEx
Hong Kong Exchanges and Clearing Limited
HKMA
Hong Kong Monetary Authority
IIF
Institute of International Finance
IMF
International Monetary Fund
IOSCO
International Organisation of Securities Commissions
IRC
Incremental risk charge
Japanese FSA
Financial Services Agency of Japan
Korean FSC
Financial Services Commission of Korea
Korean FSS
Financial Supervisory Service of Korea
LCR
Liquidity Coverage Ratio
MAFF
Ministry of Agriculture, Forestry and Fisheries of Japan
MAS
Monetary Authority of Singapore
Member States
The member states of the European Union from time to time
METI
Ministry of Economy, Trade and Industry of Japan
NBB
National Bank of Belgium
NSFR
Net Stable Funding Ratio
NYSE
New York Stock Exchange
OLA
Orderly Liquidation Authority
OCC
Office of the Comptroller of the Currency
OTC
Over-the-counter
OTS
Office of Thrift Supervision
RBI
Reserve Bank of India
RWA
Risk weighted assets
SEC
US Securities and Exchange Commission
SFC
The Securities and Futures Commission of Hong Kong
SGX
Singapore Exchange Limited
SGX-DC
SGX-Derivatives Clearing
SIFI
Systemically important financial institution
SIPC
Securities Investor Protection Corporation
Solvency II
The new European risk based regulatory capital regime being proposed for insurers and reinsurers
VaR
Value-at-risk
