By Natasha Brereton and Geoffrey Smith
International central bankers and regulators said Monday that they have reached “broad agreement” on the design of capital and liquidity reforms, and that they will finalize calibration and phase-in requirements at a meeting in September.
In
a press release after meetings in Switzerland Monday, the oversight body of the
Basel Committee on Banking Supervision said that the agreement encompassed the definition of capital, the treatment of counterparty credit risk, the leverage ratio and the global liquidity standard.
The officials added that they would finalize details of regulatory buffers before the end of the year.
“The agreements reached today are a landmark achievement to strengthen banking-sector resilience in a manner that reflects the key lessons of the crisis,” said
European Central Bank President and Chairman of the Group of Governors and Heads of Supervision
Jean-Claude Trichet.
“The Group of Governors and Heads of Supervision have ensured that the reforms are rigorous and promote the long-term stability of the banking system. We will put in place transition arrangements that ensure the banking sector is able to support the economic recovery,” he added.
Basel Committee Chairman and Netherlands central bank President
Nout Wellink said that the phase-in arrangements would “enable the banking sector to meet the new standards through reasonable earnings retention and capital raising.” He noted that many institutions had already made “substantial strides” in strengthening their capital and liquidity base.
Io mi sto divertendo un Mondo con Le 50k,,,voi andate avanti con Baca.,.
... La mia era una considerazione generale sulla crisi, che sta andando avanti da parecchio tempo.
