Basel Committee publishes reform package for consultation

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The Basel Committee on Banking Supervision today published keenly awaited proposals for changes to the Basel II framework, which will see banks required to hold a higher quality and quantity of capital, as well as more liquid assets, from the start of 2013.

As reported by Risk last week, the Committee reached agreement on the content of the proposals in Basel on December 8–9. The measures are due to be finalised by the end of 2010, once consultation, testing and calibration have been completed.

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