Basel will reinforce IRB not replace it – Byres

Standard-setter will publish modelling overhaul plan before November G-20 summit

Wayne Byres of the Basel Committee on Banking Supervision
Wayne Byres, Basel Committee

The Basel Committee on Banking Supervision will try to "strengthen and reinforce" the modelling framework banks use when calculating credit risk capital, rather than looking for a replacement, according to outgoing secretary general Wayne Byres. A first version of the committee's renovation plans will be delivered in time for the Group of 20 (G-20) nations summit in November, he told attendees at an Institute of International Finance conference in London this morning. That may not go far enou