The Basel Committee on Banking Supervision has revised the "Basel 2.5" update of the Basel II capital adequacy rules as part of its work on the new Basel III version of the rules. Notable parts of the revisions include changes to hierarchies in the frameworks the rules set for securitization.
The committee has proposed two new hierarchies and is seeking comments on those proposals by March 15. The hierarchies are a modified supervisory formula approach and an alternative hierarchy requiring bank
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails