Basel Committee’s Walter: consensus reached on method to identify Sifis
Consensus has been reached by the Basel Committee on Banking Supervision members on a method to be used to determine which banks are so important that their failure would undermine financial stability, Stefan Walter, secretary-general of the Basel Committee, has revealed.
Walter on Wednesday said the committee has "developed a methodology that embodies the key components of systemic importance". He added that the method would then allow "differentiated treatment of systemic institutions without
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