Basel Committee divided on counter-cyclical capital

Unresolved differences between central bankers and prudential supervisors mean the Basel Committee's forthcoming package of reform proposals will not include substantive detail on one of the most-discussed measures – a counter-cyclical capital buffer. At a crunch meeting in Basel on Tuesday and Wednesday, the committee had hoped to finalise proposals on five key areas - liquidity standards, a leverage ratio, capital quality, the resolution of "too big to fail" institutions, and the counter-cycli