VOL. XLII

No. 24

14-June-1999

GENERAL

Proposal For New Basle Capital Adequacy Framework

The Basle Committee on Banking Supervision of the Bank forInternational Settlements (BIS) issued a proposal for a new capital adequacyframework on 3 June to replace the previous Capital Accord issued in 1988. In astatement released by the BIS, Mr. Claes Norgen, Chairman of the Task Force onthe Future of Capital Regulation, said that "the new framework is designedto better align regulatory capital requirements...