Basel Committee Told to Address Gaps in Banking Supervision Reform

BASEL - The Basel Committee on Banking Supervision must make further progress on several areas not fully tackled in its two major consultative documents published on December 17, the Committee's oversight board of central bank governors and heads of supervision said when meeting in Basel on January 10 to review the proposals.

The board highlighted several areas requiring further work. First, it asked that the Committee produce a practical proposal for a provisioning approach based on expected cr