Wayne Byres, Secretary General of the Basel Committee, made a recent Speech in which he outlined the key next steps in the Basel Committee's work to further enhance the Basel III bank capital and liquidity package, which begins to take effect from 1 January 2013.  The final form of the Liquidity Coverage Ratio (LCR) will be 'announced' in early 2013 (with plans for the Net Stable Funding Ratio, the LCR's longer-term equivalent, likely to 'take longer').  Long-awaited proposals to overhaul the Trading Book rules will also be issued during 2013.  Two areas that will be subject to detailed review during 2013 are the Large Exposures regime and the 'hardwiring' of credit rating agencies into Basel's Standardised Approach.  More immediately, the Basel Committee plans to release proposals for the overhaul of the securitisation framework by year-end 2012.  Watch this space for an update on these developments.

Useful links

Wayne Byres' Speech