Basel III
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BASEL III (sometimes "Basel 3") refers to a new update to the Basel Accords that is under development. While the Bank for International Settlements (BIS) does not currently specify this work as "Basel III", the term appeared in the literature as early as 2005 [1] and is now in common usage[2][3] anticipating this next revision to the Basel Accords. * The draft Basel III regulations include: * "tighter definitions of Tier 1 capital, * the introduction of a leverage ratio, * a framework for counter-cyclical capital buffers, * measures to limit counterparty credit risk, * and short and medium-term quantitative liquidity ratios."[4]
Professionals and officers with Basel II knowledge and experience will be required to lead the new Basel III projects, and they have started studying the differences from the Basel II framework [5]

Contents[hide] * 1 Overview * 2 Development of the New Basel III Standard * 2.1 Summary of Changes Proposed in Basel III * 2.2 Key Dates / Proposed Timeline * 2.3 Basel III Development In the News * 2.3.1 Update on June 5-6 Meetings in Busan, Korea * 2.3.2 Current News * 3 See also * 4 References |
[edit] Overview
In response to the recent financial crisis, the Basel Committee on Banking Supervision (BCBS) set forth to update their guidelines for capital and banking regulations:
This consultative document presents the Basel Committee's proposals to strengthen global capital and liquidity regulations