Basel Committee issues guidelines for identifying and dealing with weak banks
The revisions emphasize the importance of risk governance
The meeting involves senior supervisors and central bankers from more than 100 countries
Global regulators are concerned about flaws in bank risk modeling
The global banking watchdog has decided to reduce latitude granted national regulators
Proposed new guidance details supervisory expectations for banks
Revised disclosure framework represents an important shift
BCBS to establish standardized capital floor
The goal is to promote consistent implementation of the rules across banks
The committee notes that the financial crisis highlighted several weaknesses in the current capital rules