Basel Committee reaches agreement on liquidity and counterparty risk


BASEL – The Basel Committee on Banking Supervision plans to publish a detailed communication on reforms to the Basel II framework before Christmas – earlier than many had expected.

The decision was made at a landmark meeting on December 9, as regulators aim to get the proposals out for consultation, with testing beginning in January.

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

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