A year of reform

Nick Sawyer

December was particularly busy for supervisors. Having already published proposals for an incremental risk charge, stressed value-at-risk and new resecuritisation risk weightings earlier last year, the Basel Committee on Banking Supervision published a bumper package of measures on December 17. Among the proposals are rules for a new liquidity ratio, a strengthening of capital quality and – in a surprise inclusion – measures to increase capital requirements for counterparty credit risk, with the

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