Basel Panel Eases Capital Rules To Boost Emerging Trade

Law360, New York (October 26, 2011, 4:07 PM EDT) -- In an effort to boost commerce with emerging markets, the Basel Committee on Banking Supervision on Tuesday relaxed some of its capital requirements, including a one-year term for certain finance instruments, for banks engaged in international trade financing.

The global banking regulator said it made the revisions affecting trade finance and the handling of credit risks under its capital adequacy rules in consultation with the World Bank, the World Trade Organization and the International Chamber of Commerce.

“The agreed changes will improve the access to and...
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