LOS ANGELES (MarketWatch) -- New global capital-adequacy rules for large banks may be delayed by at least a decade during a "transition period," according to a Japanese news report Wednesday.
The Nikkei business daily said in an unsourced report that the Swiss-based Basel Committee on Banking Supervision will stick to its plan to gradually introduce the new, stricter capital standards starting in 2012, but will establish a transition period of 10-20 years.
The proposed changes include raising the current 8% minimum capital ratio and focusing on a narrower definition of core capital, the report said
http://www.marketwatch.com/story//new-basel-capital-rules-delayed-10-years-report-2009-12-15
What a joke. Read :"We are implementing new rules in order to delay them for a decade. Makes sense...
The Nikkei business daily said in an unsourced report that the Swiss-based Basel Committee on Banking Supervision will stick to its plan to gradually introduce the new, stricter capital standards starting in 2012, but will establish a transition period of 10-20 years.
The proposed changes include raising the current 8% minimum capital ratio and focusing on a narrower definition of core capital, the report said
http://www.marketwatch.com/story//new-basel-capital-rules-delayed-10-years-report-2009-12-15
What a joke. Read :"We are implementing new rules in order to delay them for a decade. Makes sense...
