KBW's Cannon Interview on Basel Rules

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Sept. 13 (Bloomberg) -- Frederick Cannon, chief equity strategist at Keefe, Bruyette & Woods, talks with Bloomberg's Julie Hyman about the impact new Basel bank capital requirements may have on the global banking industry. The Basel Committee on Banking Supervision said yesterday it 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 shocks. (Source: Bloomberg)


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