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Big banks on track to meet Basel capital rules ahead of time

March 19, 2013 06:45
LONDON (Reuters) - The world's top banks have made big strides towards meeting tougher capital rules several years before full compliance is required, global regulators said on Tuesday. The new rules known as Basel III were the world's main regulatory response to the 2007-09 financial crisis that forced governments to rescue undercapitalised lenders.

EU agrees new derivatives rules, stalls again on bank capital

February 7, 2013 12:45
By Claire Davenport and Huw Jones BRUSSELS/LONDON, Feb 7 (Reuters) - European Union lawmakers pressed ahead with new rules for derivatives on Thursday, helping the bloc meet one global pledge to make markets safer as it struggles to meet another on raising bank capital levels to diminish risk. The European Parliament, meeting in Strasbourg, France, decided not to proceed with a resolution which, if passed, would have forced regulators to rethink long-awaited derivatives regulation, triggering delay and uncertainty for markets.
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