Dutch Finance Minister Jeroen Dijsselbloem says in a letter to parliament that major banks should aim for a capital-to-asset ratio of at least 4%. The Basel Committee on Banking Supervision has proposed a 3% ratio for "too big to fail" lenders. "Further steps are needed to make the banking industry more solid and stable to ensure it can perform its role in the economy adequately," according to the letter. Dijsselbloem is also president of the Eurogroup.

Related Summaries