Global Regulators Finally Sign Off On Basel IV Banking Rules

Global banking regulators announced Thursday that the final set of capital reforms for the sector, which were drawn up after the 2008 financial crisis, have been agreed upon.

Mario Draghi said the endorsement of the Basel III reforms represents "a major milestone" that will improve confidence in banking. (AP) Europe’s biggest banks must boost their capital holdings by some 15 percent, according to regulator impact calculations based on amendments to the rules. U.S. banks are not expected to struggle to the same extent as their capital...

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