Basel Committee reaches agreement on liquidity and counterparty risk

Joel Clark
09 Dec 2009

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Read follow-up report on OTC derivatives capital charges

A landmark meeting of the Basel Committee on Banking Supervision concluded today with plans to publish a detailed communication on reforms to the Basel II framework well before Christmas – earlier than many had expected. Regulators want to get the proposals out quickly so consultation and testing can begin in January.

"The meeting went surprisingly well and the consultative document is being finalised. We have reached a drafting agreement

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