Risk Europe : Walter sets out programme for Basel II changes
In his keynote address at the Risk Europe conference in Frankfurt on June 4, Stefan Walter, secretary-general of the Basel Committee on Banking Supervision, highlighted strengthening capital requirements and the need to look at risk at a systemic level as key objectives in improving the Basel II framework.
Over the past year, the Basel Committee has issued several reports on improving risk management within the sector, focusing on liquidity risk, market risk, economic capital and stress testing. Many of the papers have taken the form of guidance rather than explicit rules, but it has been apparent for some time that amendments to the Basel II accord will happen soon rather than later.
When changes are made, Walter told the conference, they will be done with the intention of creating a more
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