Basel Committee's Ingves concerned about capital ratios

03/4/2014 | Reuters

Stefan Ingves, chairman of the Basel Committee on Banking Supervision, says it's problematic that banks lack uniformity in assessing risk and calculating the amount of capital needed to cover that risk. Lenders' lack of concern also is worrisome, Ingves says. "Until these are resolved, confidence in capital ratios cannot be fully restored," he said, noting that the Basel Committee is working on a solution.

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