{
  "id": "ARXO-2026-0376",
  "url": "https://arxo.io/findings/ARXO-2026-0376/",
  "record_kind": "discrepancy",
  "class": "act_text",
  "class_label": "Text of the act",
  "jurisdiction": null,
  "jurisdiction_detail": null,
  "issuer": {
    "name": "Basel Committee on Banking Supervision",
    "short": "BCBS",
    "kind": "standards_body"
  },
  "act": "Basel Framework CRE54 (in force 2023-01-01, published 2020-03-27)",
  "acts": [],
  "location": "CRE54.35 first bullet (haircuts CRE22.44)",
  "text": {
    "en": {
      "title": "Basel Framework: CRE54.35 first bullet (haircuts CRE22.44)",
      "summary": "CRE54.35 sends SFT haircuts to CRE22.44, which is the netting-recognition paragraph; the haircut tables are CRE22.49-22.51.",
      "impact": "Position: SFT with a member: corporate bond rated A, 4 years, 10-business-day haircut 6% Reading a: Literal: CRE22.44 has no haircut, haircut undefined Reading b: Intended: CRE22.49 row A+ to BBB-, >3y<=5y, other issuers: 6 Difference: E* differs by 6% of collateral",
      "correction": "Clarify or correct the cited passage so that the rule and its references give one result for the stated case."
    }
  },
  "status": {
    "badge": "reported",
    "label": {
      "en": "Reported",
      "ru": "Сообщено"
    },
    "conclusion": "confirmed",
    "official_text": "unchanged",
    "addressee": "none",
    "last_checked": "2026-10-31",
    "fixed_on": null,
    "correction_type": null,
    "under_review": false
  },
  "origin": "The text of the act",
  "evidence": {
    "method": "Contradiction within the text",
    "quotes": [
      {
        "location": "q1",
        "source": "Basel Framework CRE54 (in force 2023-01-01, published 2020-03-27)",
        "role": "Normative text",
        "language": "en",
        "edition": "Published 2020-03-27",
        "locator": "CRE54.35 first bullet (haircuts CRE22.44)",
        "text": "Any haircuts to be applied for SFTs must be the standard supervisory haircuts set out in CRE22.44.",
        "translations": {},
        "url": "https://www.bis.org/committees/bcbs/basel-framework/standard/cre/54/inforce/2023-01-01/published/2020-03-27",
        "sha256": "2566fdd305261db0f597498bd48bab7e70d9f65f1c8e30ad8276093796a271b2",
        "retrieved": "2026-10-31",
        "copy": "sources/2566fdd305261db0-CRE54@2023-01-01~2020-03-27.txt",
        "copy_sha256": "2566fdd305261db0f597498bd48bab7e70d9f65f1c8e30ad8276093796a271b2",
        "copy_kind": "copy of the official file"
      }
    ]
  },
  "impact_shown": false,
  "notified": [
    {
      "date": "2026-10-31T12:07:10Z",
      "institution": "Basel Committee on Banking Supervision",
      "channel": "email",
      "reference": "https://mail.google.com/mail/u/0/#sent/KtbxLthRTjRNkqRtWGvxMWmXhVdckfWkGV"
    }
  ],
  "responsible": [
    {
      "institution": "Basel Committee on Banking Supervision",
      "role": "maintains the Basel Framework"
    }
  ],
  "responses": [],
  "approval": "2026-10-31",
  "ai_role": {
    "en": "AI models read the texts, built the examples and reviewed the findings."
  },
  "credit": [],
  "press_date": null,
  "earlier_publications": [],
  "reproduction": [],
  "sources": [],
  "related": [],
  "first_published": "2026-10-31T13:12:41+00:00",
  "history": [
    {
      "date": "2026-10-31",
      "event": "confirmed",
      "text": "Confirmed by Arxo"
    },
    {
      "date": "2026-10-31",
      "event": "entered",
      "text": "Entered in the register"
    },
    {
      "date": "2026-10-31",
      "event": "reported",
      "text": "Reported to Basel Committee on Banking Supervision (e-mail)"
    }
  ]
}