The Basel Committee on Banking Supervision has reached an agreement on banks' capital and liquidity requirements. The committee also agreed to the basics of a plan for holders of preference shares and subordinated debt to bear some of the burden when a bank is about to collapse. The panel also said it will strive to publish a quantitative-impact study on how banks will be affected by the rules, a move welcomed by the industry. "It's good news that the committee has accepted the need to publish aggregate results but what we'll need to see is the basis on which they have been assessed," AFME spokesman Rob McIvor wrote in an e-mail. "There are still many outstanding issues and we don't know at this stage which ones the committee has resolved and which will therefore have fed into this assessment."
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