Varasijoitusperiaatteiden

Varasijoitusperiaatteiden (VSP) are a set of guidelines and principles used in the financial industry to manage and mitigate risks associated with the use of derivatives. These principles are designed to ensure that financial institutions have sufficient capital and liquidity to absorb potential losses from their derivative positions. The VSP are based on the International Capital Adequacy Assessment Approach (ICAA), which is a framework for measuring the capital requirements of financial institutions.

The VSP are divided into two main categories: the Standardised Approach and the Internal Ratings-Based (IRB) Approach. The Standardised Approach uses predefined risk weights to calculate the capital requirements for a financial institution's derivative positions. The IRB Approach, on the other hand, allows financial institutions to use their own models to calculate the risk weights for their derivative positions.

The VSP also include a number of other requirements, such as the need for financial institutions to maintain a minimum level of capital and liquidity, and to have adequate risk management and control systems in place. Financial institutions must also disclose information about their derivative positions and the risks associated with them.

The VSP are intended to promote a more stable and resilient financial system by ensuring that financial institutions have sufficient capital and liquidity to absorb potential losses from their derivative positions. The VSP are regularly reviewed and updated by the Basel Committee on Banking Supervision to ensure that they remain effective in achieving their objectives.