“Basel Committee softens bank capital rules, sets leverage cap,” Bloomberg, 27 July 2010
27 July 2010
This link takes you to today’s Bloomberg story on the Basel Committee’s on-going bargaining regarding bank regulatory capital. It is highly unusual for the Basel Committee to go forward with a press release and detailed regulatory proposals without the full consensus of the members.
The negotiations will continue through the autumn, raising questions about the G20′s ability to deliver broad-based reforms on their original timeline.
A full analysis of the implications for the G20, its key members, and the broader regulatory and economic reform agendas will be available to subscribers of The Risk Telescope by the end of the week.
