better coverage of banks' risk exposures, including for trading book, securitisation, and derivative activities; more and higher quality capital to back these exposures; countercyclical capital buffers and provisions that can be built up in good times and drawn down in stress; the introduction of a non-risk based measure to supplement Basel II and help contain leverage in the banking system; higher liquidity buffers; stronger risk management and governance standards; more regulatory focus on system-wide or "macroprudential" supervision; and greater transparency about the risk in banks' portfolios.
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