#Banking, #regulation #reform, capital, and Basel
With the continuing drama in Europe regarding stress tests assumptions, outcomes and disclosures, it is almost easy to forget that major decisions are imminent regarding a key G20 policy priority: changes to the regulatory capital framework for banks. Today’s Businessweek story highlights what is at stake as the BIS and the Basel Committee board prepare to meet next week. The Basel Committee’s interest in obtaining board advice and approval regarding major decisions has increased since the creation of the G20 process. Whether such heightened “corporate governance” procedures generate more solid consensus that delivers consistent cross-border implementation than in the past remains to be seen…and will be a key indicator of the G20′s effectiveness going forward.
