Basel outlines plans to tighten bank regulation
Meeting in Basel over the weekend, the Group of Central Bank Governors and Heads of Supervision, which oversees the Basel Committee, outlined far-reaching regulatory reforms that will see an increase in capital and countercyclical policies introduced around the globe.
The group committed to raise the quality, consistency and transparency of the Tier 1 capital base and to introduce countercyclical capital buffers above the minimum requirement.
The governors and heads of supervision from 27
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