Bloomberg News

EU Aims to Speed Bank Capital Increases, French Official Says

October 13, 2011

Oct. 13 (Bloomberg) -- European finance ministers are considering setting a new timetable for banks to strengthen their balance sheets under the Basel III framework, a French official said. Asked if a 9 percent tier-1 capital ratio would be acceptable, the official said “yes.”

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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