Bloomberg News

Holding Sovereign Debt with No Capital Is Risky, IASB Chief Says

October 03, 2011

Oct. 3 (Bloomberg) -- Global capital rules which allow banks to hold no reserves against sovereign bonds creates risk, Hans Hoogervorst, chairman of the International Accounting Standards said in Brussels today.

To contact the reporter on this story: Ben Moshinsky in Brussels at bmoshinsky@bloomberg.net

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


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