Basel Committee on Banking Supervision Publishes Consultative Document on Guidelines Concerning Weak Banks

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On June 18, the Basel Committee on Banking Supervision (BCBS) published a consultative document on supervisory guidelines for identifying and dealing with weak banks. The guidelines are intended to assist bank supervisors and include information on supervisory preconditions for dealing with weak banks; techniques to identify weak banks; preparatory work on recovery; and corrective measures.

The BCBS has requested comments on the consultative document by September 19, 2014. Document.

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EU

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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