This is the VOA Special English Economics Report.

The financial crisis of two thousand eight brought attention to a big problem with banks. Many banks did not have enough money in reserve to protect against their losses. Now there is a proposed solution.

On Sunday, banking supervisors from twenty-six nations and Hong Kong met in Basel, Switzerland. They announced proposals to make banks safer by requiring them to increase their reserves.
The Basel Committee on Banking Supervision has been working on a set of recommendations known as Basel Three. These are based on agreements reached in July by officials from a group of leading industrial nations.