The Basel Committee is consulting, until 28 June, on a prudential framework for large exposures to a single third-party private sector counterparty. The framework captures exposure to shadow banks but does not cover sectoral or geographical concentrations of exposure, exposure to sovereigns, short positions or intragroup exposures. A tighter large exposures limit would be applied to systemically important institutions. (Source: Supervisory Framework for Measuring and Controlling Large Exposures)