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Home Basel Committee Speech by Basel Committee Chairman: Strengthening Bank Capital – Basel III and Beyond

Speech by Basel Committee Chairman: Strengthening Bank Capital – Basel III and Beyond

Today, Stefan Ingves, Chairman of the Basel Committee on Banking Supervision and Governor of Sveriges Riksbank delivered a speech entitled Strengthening Bank Capital – Basel III and Beyond.  Mr. Ingves stated that it is important that bank capital is seen to be of sufficient quantity, quality, consistency and reliability. These four characteristics are critical to the long-run credibility and success of the international capital adequacy framework.  Mr. Ingves concluded that:

“The Basel III reforms themselves deliver two of the four characteristics that I said were essential – higher quantity and quality of capital. They are important, but not enough on their own. It is the Committee’s current and future work programme on implementation and consistency that will ensure that the full benefits of the regulatory reforms of bank capital can be achieved.”

Materials: 

Stefan Ingves, Chairman, Basel Committee, Strengthening Bank Capital – Basel III and Beyond (Nov. 18, 2013) available here: http://www.bis.org/speeches/sp131118.pdf

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