Basel Regulators to Bolster Bank Capital Requirements

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Sept. 13 (Bloomberg) -- Regulators looking to rein in the sort of risk-taking that caused the last financial crisis reached a compromise in Switzerland yesterday that more than doubles capital requirements for the world’s banks while giving them as long as eight years to comply. The Basel Committee on Banking Supervision will require lenders to have common equity equal to at least 7 percent of assets, weighted according to their risk, including a 2.5 percent buffer to withstand future stress. Bloomberg's Susan Li reports. (Source: Bloomberg)

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