Basel Group Seeks Deal on Nationally Systemic Bank Controls
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Global financial regulators, after reaching a consensus last year on tougher capital rules to govern banks that would roil the world economy if they collapsed, will try to hammer out a deal next week on controls for lenders with the potential to bring down national economies.
The Basel Committee on Banking Supervision plans to publish draft rules for so-called systemic lenders that aren’t covered by last year’s plans requiring global banks deemed too-big-to-fail to hold additional capital of as much as 2.5 percent of their risk-weighted assets, according to two people with knowledge of the discussions.