Date: October 11, 2013
To: Bank for International Settlements
Filing Type: International
Description: The U.S. Chamber of Commerce (“the Chamber”), the world’s largest business federation, represents the interests of more than three million businesses and organizations of every size, sector, and region. The Chamber has recently established the Global Risk and Governance Initiative (“GRGI”) to promote modern and appropriate international structures for capital formation, risk management and corporate governance needed by businesses to fully function in a 21st century economy. The Chamber appreciates the opportunity to comment on the Discussion Paper, The Regulatory Framework: Balancing Risk Sensitivity, Simplicity and Comparability (“Basel Simplification Paper”) issued by the Basel Committee on Banking Supervision, Bank for International Settlements (“Basel Committee or BIS”).