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Basel will reinforce IRB not replace it – Byres
Capital models are not as reliable as the Basel Committee would like, but its proposed solution – due later this year – is to strengthen the framework, rather than discarding it
![Wayne Byres of the Basel Committee on Banking Supervision Wayne Byres of the Basel Committee on Banking Supervision](/sites/default/files/styles/landscape_750_463/public/import/IMG/359/199359/wayne-byres-basel-committee-2011-580x358.jpg.webp?itok=4tVddnj2)
The Basel Committee on Banking Supervision will try to "strengthen and reinforce" the modelling framework banks use when calculating credit risk capital, rather than looking for a replacement, according to outgoing secretary general Wayne Byres. A first version of the committee's renovation plans will be delivered in time for the Group of 20 (G-20) nations summit in November, he told attendees at an Institute of International Finance conference in London this morning.
That may not go far enough
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