Basel Committee aims to improve banking resilience

Basel Committee on Banking Supervision announces steps to strengthen the banking system

BRUSSELS – The Basel Committee of Banking Supervision is planning to overhaul Basel II regulation to include complex structured credit products and establish stronger risk management measures, better valuation of assets and disclosure, more liquidity and capital to cushion against off-balance sheet losses.

“A resilient banking system is central to sound financial markets and growth,” says Nout Wellink, chairman of the Basel Committee on Banking Supervision and president of the Netherlands Bank.

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