Basel Regulators Agree to Boost Banks’ Capital Ratios
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Regulators from 27 nations said banks worldwide need to have common equity equal to at least 4.5 percent of assets weighted according to their risk profiles, with a buffer of 2.5 percent.
Lenders will also be required to have a Tier 1 capital ratio of at least 6 percent, the Basel Committee on Banking Supervision said in a statement today. The rules will be phased in from 2013 until the end of 2018.