BCBS issues stopgap Basel II 'enhancements'

News

Basel, Switzerland - Thirty-three pages of 'Proposed Enhancements to the Basel II framework' have been released by the Basel Committee on Banking Supervision (BCBS). Criticism of the committee's approach to capital calculation and risk management inspired the stopgap amendments that address a breadth of issues including liquidity risk, enterprise-wide risk management and reputational risk. As one of the main problems of the financial crisis, liquidity risk management features strongly in the