Basel Committee looks to revamp some capital rules for banks

12/21/2010 | Bloomberg · Global Financial Strategy · Reuters

The Basel Committee on Banking Supervision said banks should be required to hold capital against trades lodged with clearinghouses to protect them in case of a default. "It is important that banks maintain sufficient capital for their exposures," the Basel Committee said. The group suggested that a bank's total capital requirements be determined by adding an amount equal to 2% of its trades through clearinghouses to its risk-weighted assets.

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Bloomberg · Global Financial Strategy · Reuters

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