Supplemento informativo BIS - 03.11.2006

Di seguito riportiamo l’intergrale supplemento informativo della BIS.

The Basel Committee on Banking Supervision has agreed that supervisors may allow banks to apply a 0% risk weight to claims on the International Finance Facility for Immunization (IFFIm) in a similar way as a multilateral development bank (MDB) in accordance with paragraph 59 of the document International Convergence of Capital Measurement and Capital Standards, A Revised Framework, June 2004 (Basel II Framework).

The Committee is of the view that claims on the IFFIm could be assigned a 0% risk weight given that, among fulfilling other criteria set out in paragraph 59 of the Basel II Framework,

• The World Bank acts as its Treasury Manager responsible for managing IFFIm´s funding, liquidity and other treasury operations;
• IFFIm has received a AAA rating from Moody´s Investors Service, Standard & Poor´s and Fitch Ratings; and
• Its donor structure is comprised of sovereigns that have made legally binding grant commitments to IFFIm. The majority of the donors have long-term issuer credit assessments of AAA.