Newsletter February 2010: European supervisors plan impact study of Basel rules

LONDON – Banking supervisors in Europe are planning to undertake a quantitative impact study (QIS), in parallel with the Basel Committee, to gauge how proposed new capital and liquidity regulations will affect banks across the EU. The Basel Committee, which effectively sets prudential standards for large banks around the world, issued an extensive package of new regulations in late December. A comprehensive QIS for many of the bigger banks is already being undertaken by the Basel Committee.