Basel Group Said to Agree on Capital Rules for Biggest Banks

Global regulators this week agreed on additional capital rules for banks whose failure would disrupt the global economy, according to two people familiar with the discussions.

The Basel Committee on Banking Supervision decided lenders will face a sliding scale of additional capital requirements based on their size, interconnectedness with other financial institutions, scale of international operations and the ability for other banks to absorb their business, said one of the people, who declined to be identified because the talks are private.