Convergence of capital standards and the lessons of the market crash

Quarterly Bulletin 1988 Q2
Published on 01 June 1988

In a speech at the annual banquet of the Overseas Bankers' Club, the Governor discusses the progress made by banking supervisors towards international convergence of standards of capital adequacy and the importance of a sound analytical framework in bank provisioning against problem country loans. He goes on to consider some of the lessons of the stock market crash, emphasising in particular the importance of greater contact and co-ordination between securities and banking regulators, perhaps through a multilateral forum similar to the Cooke Committee.

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