Basel Group Lays Out Long-Term Rules Plans
Basel III capital adequacy requirements will be less of a "big bang" at the start of 2013 than a slow burn under a "hasten slowly" approach that will last through 2019, says Wayne Byres, secretary general of the Basel Committee, in remarks made at a risk management conference hosted by the Financial Stability Institute in Basel on November 6.
For January, financial institutions will have to meet a minimum common equity Tier 1 ratio of 3.5%, a minimum Tier 1 ratio of 4.5% and a haircut of 10% on
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