Friday, Jun 25, 2010
The public may hate the bankers, but how many will bother to familiarise themselves with this story?
FT: Banks win battle for limits to Basel III
Plans by global regulators to compel banks to set aside billions of dollars in extra capital to cope with future crises are to be pared back after intense lobbying by the industry.
After wrangling over the details of a regulatory overhaul published six months ago, a consensus on the Basel committee is suggesting that its proposals be thinned down.
A draft of the latest thinking of the committee, set up to oversee global financial regulation, is to be presented at this weekend’s G20 summit in Toronto.
The most significant change to the proposed reforms concerns the committee’s recommendations on the volume of liquid funds that banks should hold to protect them against another financial crisis.
Posted by charlie brooker @ 10:46 AM (302 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Stammer said...
Banks have time, money, resources and the stamina incessantly push the boundaries to make more money, particularly for personal gain this greed reaches critical mass and a highly publlicised event highlights their greed and self centred mantra. The public are awoken from their fugue like malaise and demand changes which go through the motions but Banks have time, money, resources and the stamina incessantly push the boundaries to make more mone..... and so it will go on.