Basel Committee Demands Uniform Capital Reserve Reporting

Law360, New York (June 26, 2012, 2:21 PM EDT) -- Global regulators laid out new rules requiring banks to adopt uniform capital reserve reporting mechanisms, a move aimed at allowing bank supervisors to easily identify those reserves when a bank runs into financial difficulty.

The Basel Committee on Bank Supervision, a 27-member body that includes regulators from the U.S., China and other jurisdictions, said that the uniform capital reserve reporting rules would alleviate a problem that bank supervisors faced during the 2007-2009 financial crisis. Because banks did not report their capital reserves in a uniform manner,...
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