Arquitectura financera: el sabater i el banquer

Abstract

The bulk of the response of the Basel Committee on Banking Supervision to the financial crisis which started in 2007 did not appear until after the meeting in March 2009, when the Committee announced the need to strengthen the level and especially the quality of capital of the banking system, and the introduction of a non-risk-based measure (a maximum leverage ratio) as a complement to capital requirements based on risk, some capital cushions to mitigate procyclicality, and standards of liquidity. All these measures have had the support of the leaders of the G20. Basel III, which is built on the basis and endurance of Basel II, maintains its sensitivity to risk and structure. Basel III re-examines notable aspects, incorporating lessons from the crisis, and includes issues not dealt with in Basel II, as for example the quality of capital and the treatment of the risk of liquidity, introducing a macro-prudential perspective.