9/8/2009

The Basel Committee on Banking Supervision, a powerful group of international regulators, has been working to flush out proposals from the Group of 20 nations regarding capital requirements for banks. The newly agreed upon rules will require banks to bolster their capital buffers. Concrete proposals from the committee of central bankers and regulators are expected before the end of this year. The committee also weighed in on bankers' bonuses, saying "compensation should be aligned with prudent risk-taking and long-term, sustainable performance."

Related Summaries