Basel Said to Weigh Bank Criticisms of Too-Big-to-Fail Levy

The Basel Committee on Banking Supervision will next week consider the need for changes to capital surcharges on the biggest banks amid warnings from lenders that the measures may stymie the financial system’s recovery, according to two people familiar with the talks.

The Basel group will weigh the criticisms from banks including BNP Paribas SA and Citigroup Inc. as it seeks to agree on the final version of the surcharge proposals, according to the people, who declined to be identified because the talks are private. Reserves that banks must hold to guard against the risk of a derivatives clearinghouse default and ensuring new capital requirements don’t hurt global trade also will be discussed at the Sept. 27-28 meeting in the Swiss city, they said.