Banks May Face 10% Basel Capital Burden Increase, Heim Says

  • Societe Generale’s Heim commented on Basel revamp in New York
  • Basel debate focused on defining ‘significant’ increase

Banks may face an increase of about 10 percent in their capital requirements as a result of the overhaul of risk-assessment rules under way at the Basel Committee on Banking Supervision, according to Philippe Heim, chief financial officer of Societe Generale SA.

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