Bank capital adequacy rules delayed by at least a decade - Nikkei News

Discussion in 'Wall St. News' started by ASusilovic, Dec 15, 2009.

  1. LOS ANGELES (MarketWatch) -- New global capital-adequacy rules for large banks may be delayed by at least a decade during a "transition period," according to a Japanese news report Wednesday.

    The Nikkei business daily said in an unsourced report that the Swiss-based Basel Committee on Banking Supervision will stick to its plan to gradually introduce the new, stricter capital standards starting in 2012, but will establish a transition period of 10-20 years.

    The proposed changes include raising the current 8% minimum capital ratio and focusing on a narrower definition of core capital, the report said

    What a joke. Read :"We are implementing new rules in order to delay them for a decade. Makes sense...
  2. Any attempt at "capital regulation" will bring about another 2008-style market meltdown. Be careful what you wish for! :D