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Concessions made on Basel debt rules 

January 15, 2014
Tony Aynsley and Neil Ainger, Bobsguide

Regulators have made a number of concessions in regard to the Basel III capital adequacy regime, which seeks to rein in the reliance many banking institutions have on debt.

The changes, announced in Basel, Switzerland, have come about after months of fierce lobbying from major banking institutions.

Central bankers and supervisors approved an international standard for the leverage ratios, offering some concessions to banks, which means they will not need to raise billions in extra capital.

Daniel Davies, an analyst at Exane BNP Paribas, told the 'Financial Times' that the result was “more of a win for the industry than I was expecting”.

Read more: Bobsguide


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