Resources for Basel II Capital Accord (Basel II)

Basel II – BCBS to strengthen resilience of the banking system

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The Basel Committee announced steps designed to make the banking system more resilient to financial shocks. It also repeated its confidence in Basel II as the best solution to the types of risks banks face in an increasingly market-based credit intermediation process, and stressed the importance of prompt implementation. Basel II changes proposed included the capital treatment of complex structured credit products, liquidity facilities to support asset-backed commercial paper (ABCP) conduits, and credit exposures held in the trading book. The proposals also included strengthening global sound practice standards for liquidity risk management and supervision (to be issued in the next few months), strengthening banks' risk management practices and supervision related to stress testing, off-balance sheet management, and valuation practices as well as improving disclosure and valuation practices.

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