Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Banks Should Reveal ‘Full’ Details of Capital, Basel Group Says

Banks should be forced to reveal more data about their financial reserves so that they can’t conceal poor management decisions and excessive risk-taking, global regulators said.

Lenders should “disclose the full list” of instruments that they are counting toward meeting their required minimum capital levels, the Basel Committee on Banking Supervision said in an e-mailed statement today.

“Insufficiently detailed disclosure and a lack of consistency in reporting” may have “hampered” regulators and contributed to the financial crisis that followed the collapse of Lehman Brothers Holdings Inc. in 2008, the group said. Banks should also show how they have applied rules forcing them to write down the value of some securities they count as capital.

Global regulators have agreed since the crisis to more than triple the core capital that banks must hold to guard themselves against insolvency and also to force them to stockpile easily sellable assets to survive a short-term funding squeeze.

Lenders including HSBC Holdings Plc, Citigroup Inc. and BNP Paribas SA have warned that plans by the Basel committee to impose capital surcharges on systemically important lenders could force them to cut loans to businesses and support to international trade.

The Basel committee brings together regulators from 27 countries including the U.K., U.S. and China. The group is seeking views on the disclosure plans until Feb. 17.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.