New bank capital rules won’t stop crises, says top financial trade body

Forcing banks to hold more capital will not prevent future financial crises, according to leading financial sector trade body the Association for Financial Markets in Europe. Launching its report on the financial crisis, the Association for Financial Markets in Europe (AFME), said that better regulation was the key to preventing a repeat and not harsher capital requirements. The AFME membership includes many of the world’s largest financial institutions, such as Barclays and HSBC, and its report comes less than two weeks after a meeting of the world’s top central bankers and regulators agreed on a new set of capital rules for banks at a meeting in the Swiss city of Basel. The report rebuts many of the main concepts of the incoming Basel III rules, suggesting that attempts to target regulation against “systemically important” financial institutions will fail.

Most Popular Articles

Airbnb properties wouldn’t make a dent in housing market

While the real estate market has lots of challenges during the COVID-19 pandemic, a tsunami of houses being sold by Airbnb hosts who can’t pay their mortgages isn’t one of them. HW+ Premium Content

Jun 02, 2020 By

Latest Articles

Here’s evidence of V-shaped recovery

This week, the “V-shaped” recovery in purchase applications is mimicked by the inverted “V-shaped” recovery of the St. Louis Stress Index. According to HousingWire Columnist Logan Mohtashami, this signals a return to a much more calm financial market.

Jun 05, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please