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BIS seeks to strengthen banks’ counterparty credit risk management

A woman walks past the plaque of the Bank for International Settlements (BIS)
Photo: Harold Cunningham/Getty Images

Basel Committee is consulting on guidelines to resolve long-standing industry weaknesses.

The Basel Committee on Banking Supervision has recently issued a consultation on guidelines for counterparty credit risk (CCR) management.

The guidelines provide a supervisory response to the significant shortcomings that have been identified in banks’ management of CCR, including the lessons learned from recent episodes of non-bank financial