Obama pursues global agreement on banks' capital requirements

05/25/2010 | New York Times (tiered subscription model), The

The Basel Committee on Banking Supervision is coordinating requirements for banks' capital reserves with the support of the Obama administration. The banking industry is concerned about the proposal, saying it would tie up too much money, which would hinder economic growth. Regulators and banks are debating the proper balance between safety and growth, but changing reserve requirements also is a way for governments to steer the global economy, an expert said.

View Full Article in:

New York Times (tiered subscription model), The

Published in Brief: