Basel speeds up LCR review but sticks to G-SIB plans
The Basel Committee on Banking Supervision is accelerating its review of the liquidity coverage ratio in a bid to bring greater clarity to banks left wondering over the final form of the rules. At the same time, the committee says it plans to stick to its proposals to make the biggest banks have more common equity. But it is re-evaluating how it determines who must hold more capital and how it measures their risk weighted assets.
After meeting this week, the Basel Committee said it will fast forward its review of liquidity standards, which is due to run until 2013. It says it plans to make any adjustments to the rules well in advance of that deadline.
One senior FIG banker hailed the move
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