Search
 

Bank Regulators Should Toss Basel: Hoenig

FDIC board member suggests regulators go back to using straightforward leverage ratio.

By Yalman Onaran, Bloomberg | Updated on September 17, 2012

Global bank regulators should scrap Basel capital rules and go back to using a straight-forward leverage ratio to reduce risk in the financial system, Federal Deposit Insurance Corp. board member Thomas Hoenig said.

The Basel Committee on Banking Supervision, which brings together regulators from 27 countries including the FDIC and three other U.S. agencies, revised global capital rules in 2010. The new regulations, which go into effect next year, will tighten the definition of what counts as capital, increase banks’ minimum ratios and tighten how risk is defined in calculating those ratios.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.