Basel Committee stalls on key element of counter-cyclical plans
Market participants cast doubt on the collective strength of multiple measures to mitigate pro-cyclicality in Basel III.
Over the past six months, the Basel Committee on Banking Supervision has set aside its efforts to dampen excess cyclicality in minimum capital requirements, and shifted its focus to calibrating core capital requirements and buffers under Basel III, senior regulators have told Risk.
In its initial proposals in December 2009, the Committee promised to adjust the capital framework, so that risk-based bank capital wouldn't increase so acutely during recessions and impede the supply of credit to the
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