Bankers poised for Basel III accord

Banking supervisors and central bankers from 27 countries gathered in Basel, Switzerland, 11-12 September 2010 to adopt what is set to be the most important regulatory reform package since the financial crisis, although German, US and other officials continued to jockey over some provisions.

The officials overseeing the Basel Committee on Banking Supervision, the global rule-making body, set minimum requirements for the amount of top quality capital banks must hold against future losses and announce a timetable for reaching the standards. The figures would set to determine the shape, stability and profitability of global banking for years to come.

ESO: Background information: German banks try to fend off Basel III http://www.europeansources.info/record/german-banks-try-to-fend-off-basel-iii/

ESO: Background information: Banking reform: Suspense over http://www.europeansources.info/record/banking-reform-suspense-over/

Wikipedia: Basel III http://en.wikipedia.org/wiki/Basel_III

Website: Bank for International Settlements (BIS) http://www.bis.org/

BIS: Press Release, 12.9.10: Group of Governors and Heads of Supervision announces higher global minimum capital standards http://www.bis.org/press/p100912.htm

BBC News, 13.9.10: Bank shares rise after new rules agreed http://www.bbc.co.uk/news/business-11280993

Deutsche Welle, 14.9.10: Financial reforms leave room for improvement, experts say http://www.dw-world.de/dw/article/0,,6003659,00.html

EUObserver, 13.9.10: Fresh capital rules will require banks to hold billions more in reserve http://euobserver.com/19/30784

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