Bloomberg News

Basel Committee Says it Reaches Agreement on Bank Surcharge

June 25, 2011

June 25 (Bloomberg) -- Global regulators said they agreed that banks deemed too big too fail must hold as much as 2.5 percentage points in additional capital as part of efforts to prevent another financial crisis.

The requirements will become fully effective in 2019, the Basel Committee on Banking Supervision said in a statement today.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus