FSF details reform proposals

A leverage ratio, less risky pay deals and closer work on cross-border contingency planning are among the measures for a new global regulatory code outlined by the Financial Stability Forum on Wednesday.

The forum called on the Basel Committee on Banking Supervision to limit the reliance of Basel II's market-risk framework on Value-at-Risk-based capital estimates as part of a number of measures to limit the procyclicality of capital cycles. "The key objective should be to find ways to reduce

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