Basel II

Banks urge review of pro-cyclicality rules

The subprime crisis has sparked fears that regulators might insist banks hold higher regulatory capital, a result some bankers insist would choke off lending and push the global economy into a recession.

BIS to modify Basel II rules

The Basel Committee on Banking Supervision is to make changes to the Basel II capital framework in response to the ongoing financial crisis. The modifications are expected to include the upping of Pillar I regulatory capital requirements, as well as the…

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