International banking executives are in the process of estimating how much additional capital their banks will have to maintain as a result of the initiatives adopted by the Basel Committee of the Bank for International Settlements to strengthen the stability of the international financial system and which are meant to be enacted in individual countries over the next few years. My January column discussed the December 2010 Basel Committee’s new rules on capital and liquidity for banks and bank holding companies that could result in banks, large and small, generally having to maintain additional capital.1
Now, the Basel Committee is taking on the largest of the world’s banks, those that potentially pose the most risk to the global financial system, some of which are often referred to as “too big to fail.” This month’s column discusses the Basel Committee’s recent proposal regarding these banks aimed at “creat[ing] strong incentives for them to reduce their systemic importance over time.”2
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