International regulators agree on new bank rules

September 6, 2009

bis    BASEL, Sept 6 (Reuters) – Central banks and regulators of the world’s leading economies agreed on a set of new banking rules on Sunday aimed at preventing future financial crisis.
   The Group of Central Bank Governors and Heads of Supervision, the oversight body of the Basel Committee on Banking Supervision, said in a statement the new measures would substantially reduce the probability and severity of economic and financial stress.
   The measures include new rules on banks’ capital requirements, the introduction of a leverage ratio, a minimum global standard for funding liquidity and a framework for countercyclical capital buffers above the minimum requirement.
   The Basel Committee will issue concrete proposals by the end of this year and the calibration of the new requirements should be completed by end-2010, the statement said.
   (Reporting by Sven Egenter)
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 Sunday, 06 September 2009 20:21:44RTRS [nWEA9562] {EN}ENDS

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