High & Low Finance: In Basel, an Eternal Work in Progress

 

The Basel Committee on Banking Supervision that was supposed to toughen worldwide banking regulations seems caught in an endless battle to do so.


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  • The Basel Committee on Banking Supervision (the Committee) today released for comment new proposals that aim to strengthen the resiliency of the banking sector through new capital and liquidity standards.

  • The Basel Committee on Banking Supervision said it had made "significant progress" at a meeting this week designed to hammer out tougher rules on banks' capital and the size of their liquidity buffers.

  • Blackmont Capital analyst Brad Smith says new rules from the Basel Committee on Banking Supervision will likely cause some angst in the Canadian banking community

  • The Basel Committee on Banking Supervision is proposing that debt counted as bank capital should be converted to stock or written off in a crisis, forcing bond investors to bear some of the cost of future bailouts

  • The Basel committee on Banking Supervision is set to finalize new capital requirements for banks by the end of the year. They are also looking closer at so-called cocobonds.

  • Nout Wellink, head of the Basel Committee on Banking Supervision, has rejected industry claims that global growth will be cut and fewer jobs created if banks are forced to hold more capital and liquid assets

  • Leading central bankers and national regulators said Thursday they were aiming to introduce proposals to strengthen international financial requirements on banks by the end of 2012.The agreed reforms, which have been in the offing for several months, are part of a "comprehensive response" to the financial crisis, the Basel Committee on Banking Supervision said in a statement."The capital and liquidity proposals will result in more resilient banks and a sounder banking and financial system," said Dutch central bank chief Nout Wellink, chairman of the Basel Committee.

  • The Basel Committee on Banking Supervision (previously known as the Basle Committee or the Bâle Committee, which always made me think it had something to do with Ba'al) has been meeting this week and plotting to transform the world of banking regulation.

  • It is vital that central bankers and regulators finalize reforms to global banking standards as soon as possible to ensure the long-term sustainability of economic growth, the Basel Committee's supervisory body said.

  • Banks’ hybrid capital will be phased out as a top-ranking form of capital under reforms proposed by the Basel committee on banking supervision

 
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