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Global Banking Regulations Postponed

Europe pushes back against including a capital floor in reforms.

By Silla Brush, Alexander Weber, and Boris Groendahl, Bloomberg | Updated on January 03, 2017

Global bank regulators pushed back a final decision on new capital standards as they struggle to reach an agreement in the face of strident European opposition.

The oversight board of the Basel Committee on Banking Supervision said on Tuesday that it had postponed a meeting scheduled for Jan. 8 to allow for more debate on standards meant to prevent banks from gaming capital rules. Top European Union policy makers have campaigned against a major element of the reform package, a so-called capital floor, arguing that it would unfairly punish the bloc’s banks and harm its economy.

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