Unresolved differences between central bankers and prudential supervisors mean the Basel Committee's forthcoming package of reform proposals will not include substantive detail on one of the most-discussed measures – a counter-cyclical capital buffer. At a crunch meeting in Basel on Tuesday and Wednesday, the committee had hoped to finalise proposals on five key areas - liquidity standards, a leverage ratio, capital quality, the resolution of "too big to fail" institutions, and the counter-cyclical buffer. But the meeting concluded without agreement on the last of these items, according to attendees.From "Basel Committee divided on counter-cyclical capital" by Joel Clark and Duncan Wood, published on Risk.net.
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Sunday, December 13, 2009
Basel Committee Divided On Counter-cyclical Bank Capital
Posted By Milton Recht
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment