Basel Committee bids to strengthen Basel II

The Basel Committee on Banking Supervision on Friday issued a string of draft measures aimed at enhancing the Basel II capital framework in light of the credit crunch.

"The proposed enhancements will help ensure that the risks inherent in banks' portfolios related to trading activities, securitisations and exposures to off-balance sheet vehicles are better reflected in minimum capital requirements, risk management practices and accompanying disclosures to the public," Nout Wellink, the chairman

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