Central Bankers Keep Tabs on Basel Committee

Bank for International Settlements in Basel

Bank for International Settlements in Basel

Some of the world's biggest banks have struggled to meet the capital requirements defined by Basel III. The committee, which aims to tighten its rules further and has now met opposition from an unexpected corner.

The capital requirements for global big banks, known as Basel III, were supposed to be tightened by year-end. Minimum capital standards in particular were thought to be tabled for an increase by the Basel Committee on Banking Supervision.

Today, it is questionable whether the reform will be enacted as planned for. A group of central bank presidents has cautioned the Basel committee to keep its pledge not to significantly increase how much capital banks will need to hold to guard against potential losses, «The Wall Street Journal» reported (behind pay-wall).

Removing Uncertainties

Officials in Basel, the seat of the Bank for International Settlements, have said that the proposed changes were aimed at creating more consistency among banks, according to the «WSJ».

But as the banking crisis has become more acute again in Europe, such measures have become more difficult to enforce.

The central bank presidents urged the completion of the capital rules by the end of the year to remove any uncertainties remaining in the industry.

WEB'S BEST

Top stories from across the globe

  • Singapore Stresses Under a Wealth of Worries
  • A Short History of Investing in Gold – and What to Expect for 2017
  • Asia Pacific's Top Six Credit Risks For 2017
  • The 5 Most Shocking News in 2016
  • Hazel Moore: Banks Are Completely Wasting Valuable Customer Data
  • Morgan Stanley CEO Makes First-Ever Stock Sales After Bank Rally
More

PHOTO GALLERIES

finews.asia Networking Event

finews.asia Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary

Newsletter

Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with finews.asia – email us on info@finews.asia – All communication is completely confidential and strictly anonymous.