When world leaders inked a deal on tougher bank capital rules last November lenders breathed a sigh of relief that compliance won’t start until 2013. Speakers at this week’s Reuters Future Face of Finance Summit highlighted just how misplaced that relief turned out to be as regulators pile the pressure on banks to meet and even exceed the Basel III rules early. “The direction is set,” European Banking Authority Chairman Andrea Enria told the summit. “There needs to be more capital, less leverage, more liquidity buffers and a tougher regime on deductions from capital,” Enria said.
Banks’ capital headache won’t go away
Most Popular Articles
Latest Articles
Spring housing market gets more inventory
We’ve now had back-to-back weeks of healthy housing inventory growth, making spring 2024 much healthier than spring 2023.
-
The best real estate podcasts for agents and brokers in 2024
-
Home sellers saw their profits shrink in the first quarter: Attom
-
If reelected, Trump could seek greater control over Federal Reserve
-
Acra CEO Keith Lind on staying the course amid choppy waters in non-QM
-
HUD walks back some proposed changes to HECM for Purchase program