11/11/2010

Leaders from the Group of 20 are expected to endorse the Basel III requirements for banks at their meeting this week in Seoul, South Korea. However, Nout Wellink, chairman of the Basel Committee on Banking Supervision, said efforts to impose additional requirements on systemically important financial institutions could be watered down. "It is very well possible that countries will have the freedom to not demand extra capital requirements for all systemic banks," said Wellink, who is also head of the Dutch central bank.

Related Summaries