Ingves: Strengthening bank capital – Basel III and beyond

Date 18/11/2013

It is not just a question of using new regulations to increase the quantity and quality of capital to strengthen the banks' resilience - it is just as important that the implementation of the rules is consistent across countries and that the outcome of the rules are reliable. These comments were made by Stefan Ingves Governor of the Riksbank when he in his role as Chairman of the Basel Committee for Banking Supervision (BCBS) spoke at a conference organised by the BCBS, the Financial Stability Institute and the Arab Monetary Fund in Abu Dhabi, United Arab Emirates, on 18 November 2013.

 

Mr Ingves noted that in addition to making requirements regarding the banks' capital levels and that the capital is of sufficiently good quality, the Basel Committee is also working on monitoring the implementation of the rules. This work includes country-specific assessments where a group of experts assesses the implementation of the Basel regulations. The results of the assessments are published when they are completed. The Basel Committee is also reviewing the banks' use of internal risk models to ensure the regulations are applied consistently. Finally, Mr Ingves emphasised that the Committee's work in this field as a whole is a significant commitment that will show results over time.

 

Follow the link to read the entire speech.