Newsletter January 2013: Task force looking further into Basel III complexity

BASEL – Global banking regulators have asked a task force to look further in the New Year at ways in which the regulatory capital aspects of the international Basel III bank reform package might be simplified without altering its underlying aims, regulatory sources say. The Group of Governors and Heads of Supervision (GHOS), the body that oversees the Basel Committee of global banking supervisors, said in January the continuation of work examining the comparability of model-based internal risk weightings and looking at the appropriate balance between simplicity, comparability and risk sensitivity of the regulatory framework is a priority for 2013.