Basel Committee prepares crackdown on bank ‘window dressing’
Study says lenders have obscured their true systemic importance at reporting dates
The Basel Committee on Banking Supervision is proposing reforms to its framework for global systemically important banks (G-Sibs) after finding evidence of “window dressing”.
The committee said banks were making sizeable adjustments to their positions, particularly in derivatives, around the year-end – the moment data is collected to assess lenders’ systemic importance.
Research by the committee finds window dressing by G-Sibs accounts for around half of the observed year-end contractions in
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