Banks likely to get years to comply with tougher capital rules

12/17/2009 | Bloomberg · NYTimes.com

Japanese and European government officials said banks worldwide likely will get as long as three years to transition into compliance with tougher capital requirements. The Basel Committee on Banking Supervision recently discussed the rules but did not announce a time line for compliance. "In the U.K. and some other places, the local regulators have already started to impose higher capital requirements and higher liquidity buffers," said NCB Stockbrokers analyst Simon Willis. "The issue this raises is whether effective coordinated cross-border regulation can be achieved."

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