Basel III
27 July 2010 - Background
The Basel Committee on Banking Supervision's oversight body, the Group of Governors and Heads of Supervision, reached broad agreement yesterday on the overall design of new capital and liquidity rules for internationally operating banks.
Position
The agreement takes into account some central criticisms made by the German banks and banking associations. These include, in particular, the adjustments with regard to deductions from regulatory capital. At the same time, some important conceptual questions are, in our view, still not answered or not answered in a balanced manner. The final rules, which the Basel Committee intends to present in September 2010, must provide further guidance in this respect. Only then can the new rules and their impact be fully assessed. For this reason, we welcome the reservations expressed by the German representatives in the oversight body about immediate approval of the reform package.
