If these criteria were applied today, about ten or so U.S. entities would meet one or both of these criteria and hence would be among the “core” group of U.S. banking organizations required to adopt Basel II.
First, banks are being provided with greater flexibility to restructure loan facilities such that bank customers can continue to fulfil their financial obligations. Second, the Bank is engaging with commercial banks to introduce a package of measures geared towards households and SMEs with the objective of easing their debt servicing.