Banks might need additional reserves, BoE's King says

Bank of England Governor Mervyn King suggested that banks might need larger capital reserves, citing potential losses, penalties from manipulation of the London Interbank Offered Rate and other factors. King also called for greater transparency, saying "we need to ensure that reported capital ratios do in fact provide an accurate picture of banks' health".

View Full Article in:

Telegraph (London) (tiered subscription model), The · Bloomberg · New York Times (tiered subscription model), The · Financial Times (tiered subscription model)

Published in Brief: