European regulators should fully implement a reform package that will force banks to hold more capital but then must keep their promise of not asking for even bigger buffers, European Central Bank supervisor Yves Mersch said on Monday.<\/p>\n
\u201cStabilising the capital requirements is a reasonable objective asked for by banks, but we need to finalise the Basel III package first,\u201d said Mersch, referring to agreement on bank regulation.<\/p>\n
\u201cFully implementing Basel III will have a positive effect on the economy in the long run. At the same time, we should not breach our promise of no further capital requirements on aggregate,\u201d said Mersch, who also sits on the ECB\u2019s Executive Board.<\/p>\n
Under the Basel III reform package, capital demands for EU banks will increase by around 24% on average, above the increase required for U.S. banks.<\/p>\n","protected":false},"excerpt":{"rendered":"
European regulators should fully implement a reform package that will force banks to hold more […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-832","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"\n