In my September 2009 column, I discussed the issuance by the Basel Committee of the Bank for International Settlements (Basel Committee) of a set of guiding principles and measures to enhance capital standards and other improvements aimed at the global economy.1
The Basel Committee now has come back with more specific proposals to strengthen global capital and liquidity requirements for banks. These proposals, issued in mid-December of 2009, are open for comment until April 16, and likely will be finalized by the end of this year.2 This month’s column will focus on three key proposals: a new definition of regulatory capital, the imposition of a leverage ratio and the establishment of a specific liquidity ratio requirement.
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