German regulator: Basel IV rules unacceptable

The Basel Committee on Banking Supervision’s proposed Basel IV rules are unacceptable for Germany, says Felix Hufeld, president of BaFin, the nation’s financial regulatory agency. The proposed regulations aim to avoid a repeat of the 2008 financial crisis, but critics worry that the rules could discourage banks from lending to companies and consumers due to the considerable increase in capital that must be held against risks

Read more

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s