Basel Committee proposals for ‘Strengthening the resilience of the banking sector’
On 17 December the Basel Committee on Banking Supervision released two consultation papers with proposals for strengthening global capital and liquidity regulations with the goal of promoting a more resilient international banking sector.
Together with the Basel II enhancement package issued in July 2009, these proposals form part of the Committee’s response to the lessons learnt from the financial crisis. The reforms have been endorsed by the Financial Stability Board and the G20 leaders at their Pittsburgh Summit.
The reforms will fundamentally impact the profitability and business models of many banks, as well as mandating major process and systems changes. Our publication Basel Committee proposals for 'Strengthening the resilience of the banking sector' provides a summary of the proposals and our initial reaction to them.
Together with the Basel II enhancement package issued in July 2009, these proposals form part of the Committee’s response to the lessons learnt from the financial crisis. The reforms have been endorsed by the Financial Stability Board and the G20 leaders at their Pittsburgh Summit.
The reforms will fundamentally impact the profitability and business models of many banks, as well as mandating major process and systems changes. Our publication Basel Committee proposals for 'Strengthening the resilience of the banking sector' provides a summary of the proposals and our initial reaction to them.
