Banks Win Converts in Campaign to Blunt Basel Capital Revamp

  • Basel Committee meets three times in next two weeks on rules
  • Bundesbank’s Dombret says proposals need to be recalibrated

The world’s largest banks are into the home stretch of a long campaign to convince politicians and regulators that planned changes to their capital requirements will suffocate the industry and imperil lending and growth. All that lobbying is paying off when it counts.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.