Basel Committee’s proposals concerning step-in risk are most likely to have an impact on banks with large asset and wealth management and investment fund activities
Principles set out supervisory expectations for banks
Global banks considered to be systemically important will not meet the deadline that required them to implement principles in full in 2016
The changes focus on calculating credit risk when determining how much capital banks must set aside
Proposed revisions to market risk rules would increase the overall minimum capital requirement under the Basel III capital rules
However, banks are still falling short of the higher target levels
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