Basel, Switzerland (GenevaLunch) – More stringent rules for banks, designed to strengthen individual institutions as well as the financial system as a whole, are recommended by the Basel Committee on Banking Supervision in its latest consultative proposals published 17 December. Banks will need to increase their capital base, introduce more stringent risk controls and limit much unsecured business if proposed new rules are adopted in three years. The proposals suggest:
Bank for International Settlements, Basel: Botta tower
Basel, Switzerland (GenevaLunch) - The Basel Committee for Banking Supervision, together with the Bank for International Settlements (BIS) in Basel, Switzerland, its home, make up the relatively quiet, staid face of international banking, but data and other news coming out of their offices in the western Swiss city lately are creating more ripples than usual in financial circles.
Two weeks ago, 13 July, the Committee published its new Basel II rules, used by banks to calculate the capital they must set aside to offset risk.
