The Basel Committee on Banking Supervision ("BCBS") has published a second consultative paper on the capitalisation of bank exposures to central counterparties ("CCPs").  The BCBS carried out an initial consultation on this topic in December 2010. This second consultation takes into account the responses to its December 2010 consultation and the results of a number of impact assessments. The consultation builds on the BCBS’s proposals for rules that will require banks to more appropriately capitalise their exposures to over the counter derivatives, while creating incentives for them to increase their use of CCPs. This includes efforts to ensure that banks’ exposures to CCPs are adequately capitalised. It is expected that the rules will be implemented in Member States by January 2013.