A specialist article by Dr. Ulrich Brink, Lawyer, Manager, Bette-Brink Rechtsanwälte The Basel Committee on Banking Supervision continues to make progress on its work to revise the international accord on bank capital. In order to promote safety and soundness in the financial system, and to constitute a more comprehensive approach to addressing risks, the New Basel Accord consists of three mutually reinforcing pillars –
Minimum capital requirements,
Supervisory review
Market discipline.
Taken together, the three pillars are expected to contribute to a higher level of safety and soundness in the financial system.
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A specialist article by Dr. Ulrich Brink, Lawyer, Manager, Bette-Brink Rechtsanwälte The Basel Committee on Banking Supervision continues to make progress on its work to revise the international accord on bank capital. In order to promote safety and soundness in the financial system, and to constitute a more comprehensive approach to addressing risks, the New Basel Accord consists of three mutually reinforcing pillars –