Basel III Final Rules IssuedGregory J. Lyons, Satish M. Kini, Chan Casey and Edite Ligere
February 3, 2011 — 338 views
The Basel Committee on Banking Supervision (the "Basel Committee") issued its new Basel III framework on December 16, 2010. The new framework is intended to reform the international financial system and improve the banking sector's resiliency in times of financial and economic stress by instituting higher global capital and liquidity standards. This Client Update is intended to alert recipients to this development; a more comprehensive explanation will appear in the January 2011 Debevoise & Plimpton Financial Institutions Report.