Basel Committee announces "no action" on accounting issues

The statement is a follow-up to initial remarks made in another statement published at the beginning of June. The new statement says that, “For the time being, the Committee does not plan to encourage national supervisors to make adjustments to the existing capital adequacy framework, including the definition of capital, in the following areas in response to the implementation of certain IFRS.” These include the definition of the trading book for purposes of the Market Risk Amendment; equity

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