Home > financial crisis > Please don’t interrupt us, we’re robbing the banks….

Please don’t interrupt us, we’re robbing the banks….

from Merijn Knibbe

On Bloomberg (emphasis added):

Global regulators should scale back plans to impose capital surcharges of as much as 2.5 percentage points on banks that would cause global financial system turmoil if they failed, because the requirements may damage economic recovery, a group representing European lenders said.

Proposals made in July by the Basel Committee on Banking Supervision should be redrafted to allow banks to use so-called contingent capital to meet the obligations, the European Banking Federation said in a letter seen by Bloomberg News.They should also be changed so lenders that can’t meet the requirements don’t immediately face restrictions on their ability to pay dividends and bonuses, the EBF said.

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