Basel Committee under time pressure
Time is on the slide
The clock is ticking for the Basel Committee on Banking Supervision. Under pressure from the Group of 20 to firm up changes to the Basel III package of measures by the time they meet in Seoul in November, the committee will this month try to agree final details on calibration.
Among the agenda items are the setting of capital ratios and the transition period for each of the requirements. This by itself will be a massive task, but another addition may well be the controversial charge for credit
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