Posts Tagged Basel III
12 June 2012 Switzerland’s Federal Council has adopted a package of measures which will obligate the banks to comply with the new rules (Basel III) of the Basel Committee on Banking Supervision from January 1, 2013. More here.
14 May 2012, Brussels The EU Economic and Monetary Affairs Committee agreed to require banks to improve and strength their defences against future financial shocks. The tighter rules will be applied to bank capital issues (the funds held by a bank in the form of cash, real estate, bonds, shares, and loans such as mortgages etc. ) and to its liquidity (how easily it can be converted into cash in order to make payouts to creditors and depositors). The proposed rules are being following an international agreement called Basel III and, if the European Parliament approve it, the EU would become the first entity to institute the new requirements.