Resources for Basel II Capital Accord (Basel II)
Basel II – BCBS to strengthen resilience of the banking system
www.chasecooper.com 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.
"A resilient banking system is central to sound financial markets and growth," said Nout Wellink, Chairman of the BCBS. "Supervisors cannot predict the next crisis but they can carry forward the lessons from recent events to promote a more resilient banking system that can weather shocks, whatever the source. The key building blocks to core bank resiliency are strong capital cushions, robust liquidity buffers, strong risk management and supervision, and better market discipline through transparency.”
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