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Table of Contents I. THE REVISED REGULATORY FRAMEWORKA. Market risk 1. Fundamental review of the trading book: changes in internal models approach (IMA) and standardised approach (SA);2. Amendments to credit valuation adjustments (CVA) framework; 3. Transition dynamics from the old to new framework;B. Credit risk 1. Revisions to the standardised approach (SA) for credit risk;2. Revisions to the internal ratings-based (IRB) approach for credit risk; 3. The treatment of large exposures to banks and central counterparties (CCP);4. The impact of combining input and output floors on IRBA;C. Operational risk1. The abolishment of Advanced Measurement Approach (AMA) to operational risk;2. The impact of migrating from BIA, TSA, ASA and AMA to the new framework;D. Leverage ratio amendments E. Interactions amongst the new amendments on the calculation of capital ratio and leverage ratio F. Other suggested amendments II. BANKS’ PERSPECTIVE1. Banks’ approach when applying internal models under the new regime: sensitivity analysis when choosing risk parameters for the application of internal models; 2. Benefits and challenges towards standardized approaches. 3. Compliance with and implementation of the new standards by banks; III. CONCLUSIONS ANNEX: SOFTWARE FOR THE COMPLIANCE OF BANKS WITH THE NEW REGULATORY FRAMEWORK