Biggest Banks May Need 17% Core Capital Under EU Plan
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Europe’s biggest banks may need to hold core-capital reserves of as much as 17 percent under plans being weighed by European Union lawmakers.
The region’s parliament is considering allowing regulators to impose capital surcharges of as much as 10 percent of a bank’s assets, weighted for risk, according to a set of suggested compromises on a draft law prepared by Othmar Karas, an Austrian lawmaker guiding the adoption of global bank-capital and liquidity rules.