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Belgian Banks May Be Forced to Go Beyond Basel III, L’Echo Says

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Aug. 14 (Bloomberg) -- The National Bank of Belgium may require the nation’s banks to hold more capital than required under international rules agreed on by the Basel Committee on Banking Supervision, L’Echo reported, without saying how it obtained the information.

The central bank will seek information from lenders this month on how they plan to meet the new international standards, known as Basel III, according to the newspaper.

The Basel rules are scheduled to begin being phased in at the start of 2013. They would more than triple the amount of core capital that lenders must hold compared to previous international standards.

L’Echo didn’t say how large the extra requirements for Belgian banks would be.

To contact the reporter on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

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