4  Anat Admati and Martin Hellwig (2013), The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It (Princeton, N.J.: Princeton University Press). 5  A full list of jurisdictions and institutions represented on the Basel Committee on Banking Supervision can be found at www.bis.org/bcbs/membership.htm.
2  BIS central bankers’ speeches  large bank holding companies (BHCs) to use risk-weighted assets (RWAs) that are the greater of those produced by firms’ internal models or the standardized risk weights, some of which have been raised, thus mitigating the problem of the use of internal risk ratings. What has been achieved?