Industry awaits Basel Committee's proposals on OTC derivatives

12/11/2009 | (subscription required)

The Basel Committee on Banking Supervision is expected to issue official communication this week that includes proposals to boost capital charges for over-the-counter derivatives. The committee met last week to discuss changes to the Basel II framework and hammered out ways to reduce counterparty credit risk. "There is a framework already in place for calculating capital requirements for counterparty credit risk, and that will be strengthened," said one committee member.

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