1966, Inc. Presents Leslie
Powered by Conduit Mobile

Leslie's Truth

Leslie McCloud's Latest Articles

Saturday, August 20, 2011

Bank Capital Regime at Risk as Regulators Spar - Bloomberg

Bank Capital Regime at Risk as Regulators Spar - Bloomberg: - "Basel III requires banks to bolster capital and reduce reliance on borrowing. Now, as they put the standards into effect in their own countries, European Union lawmakers are revising definitions of capital, while the U.S. is struggling to reconcile the Basel mandates with financial reforms imposed by the Dodd-Frank Act. The realists in Europe realized that their banks cannot raise the capital they’d need to comply. U.S. banks have reversed course and are more assertively fighting against it. The future of Basel III looks less certain now than it did when it was agreed to.” The Basel committee revised its capital standards and outlined new rules on liquidity and leverage after the 2008 crisis exposed the vulnerability of the banking system..."

No comments:

Post a Comment

Newspaperproject.org