The Research Task Force Transmission Channel (RTF-TC) project was conceived before the onset of the recent global financial crisis. From the beginning, RTF-TC was intended to be a long-term project that would involve many RTF member institutions. The primary goal was to generate new research on...

The Basel Committee's Research Task Force Transmission Channel project aimed at generating new research on various aspects of the credit channel linkages in the monetary transmission mechanism. Under the credit channel view, financial intermediaries play a critical role in the allocation of...

This technical paper describes the assumptions and methodology underlying the Revised Ratings-Based Approach (RRBA) as proposed in the Basel Committee's recent consultative paper Revisions to the Basel Securitisation Framework. The RRBA is calibrated to approximate tranche capital charges...

This technical paper describes the modelling framework underlying the Modified Supervisory Formula Approach (MSFA) as proposed in the Basel Committee's recent consultative paper Revisions to the Basel Securitisation Framework. In contrast to the current Basel securitisation framework's...