Global banking regulators pledged to refrain from further tightening capital requirements with new rules to be finalized in 2016, dispelling industry fears that triggered intense lobbying efforts over the past year.
The Basel Committee on Banking Supervision doesn't plan to raise capital requirements across the board in the remaining projects of its post-crisis bank rule overhaul, it said Jan. 11 after a meeting of its oversight body, chaired by European Central Bank (ECB) President Mario Draghi. The group, which includes the Bank of England and U.S. Federal Reserve, said it will assess the potential costs of any additional action.
"The committee will conduct a quantitative impact assessment during the year," the group said in a statement. "As a result of this assessment, the committee will focus on not significantly increasing overall capital requirements."
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