Basel Committee consults on supervisory guidelines for weak banks: The Basel Committee is consulting on how supervisors should identify and deal with weak banks. Its paper considers:
- principles for and implementation of corrective action;
- dealing with different types of weakness, such as weaknesses in capital, governance, business strategy and risk management;
- resolution techniques; and
- problems specific to certain institutions such as conglomerates, global systemically important banks and cross-border issues.
It asks for comment by 19 September. (Source: Basel Committee Consults on Supervisory Guidelines for Weak Banks)