Banks Emerge Winners From Final Post-Crisis Capital Rules
- Basel III agreement completes post-crisis regulatory framework
- Draghi says ‘difficult’ implemention of rules will now begin
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Banks emerged relatively unscathed from global regulators’ final batch of post-crisis capital rules, with few lenders needing to raise major new funds.
The Basel Committee on Banking Supervision on Dec. 7 issued new rules on how banks estimate the risk of mortgages, loans and other assets. The compromise, reached after fierce lobbying by the industry, will cause “no significant increase” of overall capital requirements, the regulator said. For some big banks, capital demands will actually decline.