The working group also felt that the prescribed time span of seven years for non-infrastructure accounts and ten years for infrastructure accounts becoming viable on restructuring was too long and banks should take it as an outer limit.
That, in turn, will improve the ability of the financial sector to serve as a source of sustainable growth for the broader economy. I am pleased to offer this revised framework to the international community. Today marks the culmination of nearly six years of challenging work. During those years, the Basel Committee sought to develop significantly more risk-sensitive capital requirements that are conceptually sound.