Basel Committee to Target Banks’ Leverage Ratio Window-Dressing

The Basel Committee on Banking Supervision will propose stricter disclosure standards in a bid to curb banks’ use of so-called window-dressing to meet leverage ratio requirements.

• The global regulator, whose members include the U.S. Federal Reserve and Japan’s Financial Services Agency, agreed on the consultation during a Nov. 26-27 meeting in the United Arab Emirates
• The Basel Committee also agreed on changes to its market-risk standards. The revised framework will be submitted to the regulator’s governing body for endorsement
• The Basel Committee plans in December to publish a report setting out the range of bank, regulatory and supervisory cyber-resilience practices ...