Economics
Basel Capital Ratio Compromise Reached, Zeitler Says
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Global regulators reached a compromise on capital ratios for banks that will introduce higher capital requirements over a five- to 10-year period starting in 2013, a German central bank official said.
The Basel Committee on Banking Supervision drafted key points of the so-called Basel III reforms, Bundesbank Vice President Franz-Christoph Zeitler told reporters in Frankfurt today. The proposal will be the basis for the Sept. 12 meeting of the Group of Governors of Central Banks and Heads of Banking Supervision Authorities who will decide on the reform framework.