Regulators Agree To Tougher Bank Standards
(Reuters) - Global regulators, aiming to prevent any repeat of the international credit crisis, agreed on Sunday to force banks to more than triple the amount of top-quality capital they must hold in reserve. The biggest change to global banking regulation in decades, known as "Basel III", will require banks to hold top-quality capital totalling 7 percent of their risk-bearing assets, up from just 2 percent under current rules.
13 September 2010•4 mins read
