New bank capital rules 'several years away' in practice



New bank capital rules now being finalised by global regulators will not be implemented for several years, an official responsible for writing them said on Wednesday, seeking to soothe European concerns about their impact on struggling lenders.
The Basel Committee of banking regulators from nearly 30 countries has faced strong opposition from banks and European Union governments who fear the new rules will bump up capital requirements when major lenders like Deutsche Bank (DBKGn.DE) and Monte dei Paschi di Siena (BMPS.MI) face investor concerns about their stability.
Basel Committee... read more

 
12 October 2016 in Business, Views: 35
Source: Reuters
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