Weaker banks should act early to meet Basel III, a regulator says

10/18/2010 | Reuters

Peter Praet, a member of the Basel Committee on Banking Supervision and executive director of Belgium's central bank, said the weakest banks in the world should be the first to build up capital levels before the Basel III deadlines. However, Deutsche Bank, Standard Chartered and other major, stable banks have already started raising capital to meet the requirements. "Some firms are going to front-load, some of the others not," Praet said. "It's not so necessary that the strongest banks come to the markets today."

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