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The central bank governor of Spain, Jaime Camana, is presently chairing the Basel Committee on Banking Supervision that last year got the green light from the G10 governors for the new capital standard known as Basel II. Members of the International Organization of Securities Commissions, the Basel Committee on Banking Supervision, the International Association of Insurance Supervisors, the World Bank and the Financial Stability Forum will staff the new board. Many of these concerns, as well as recommendations to address them, were included in a comment letter to the IASB from the Basel Committee on Banking Supervision (Basel Committee) issued on July 30. |
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