Basel Committee publishes final Basel III rules

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Just under a year after publishing two consultation documents on a major overhaul of bank capital and liquidity regulations, the Basel Committee on Banking Supervision today unveiled the final text of the Basel III framework, as well as the long-awaited results of its quantitative impact study (QIS). The comprehensive changes to risk weightings and capital definitions, as well as guidelines for the new leverage ratio and liquidity ratios are detailed in two major documents spanning 130 pages: