Commentary: Banks' capital, liquidity requirements must rise

11/2/2009 | Wall Street Journal, The

Nout Wellink, president of the Netherlands' central bank and chairman of the Basel Committee on Banking Supervision, writes that banking reforms are critical to achieving a more resilient financial industry. To achieve this goal, the Basel Committee is implementing a global reform programme, which includes raising the Tier 1 capital base as well as a minimum liquidity standard. "Minimum capital and liquidity requirements will have to rise by a substantial amount over time," Wellink writes.

View Full Article in:

Wall Street Journal, The

Published in Brief: