Basel Committee outlines potential changes to Basel II


The Basel Committee on Banking Supervision has outlined possible changes to the Basel II framework, intended to address fundamental weaknesses in regulation, supervision and risk management practices that have been highlighted during the financial crisis.

The devastation wreaked upon financial institutions could, according to the International Monetary Fund, lead to losses of $1.4 trillion. Furthermore, the turmoil has led to suggestions that Basel II - despite taking years to construct and for

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