On 18 June 2014, the Basel Committee on Banking Supervision (the “Basel Committee”) published for consultation a proposed update to its 2002 Supervisory guidelines for identifying and dealing with weak banks. The aim of the proposed guidelines is to provide practical guidance to bank supervisors on how to identify and deal with a weak bank. The proposed update to the guidelines takes into account the occurrences, and consequences, of the financial crisis. Responses to the consultation paper are due by 19 September 2014.
The consultation paper is available at: http://www.bis.org/publ/bcbs285.pdf.