Bundesbank Sees Need to Re-Calibrate Basel Reform Proposals
- Dombret says risky banks will see capital requirements rising
- Bundesbank to work with industry on Basel rule reform
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Global regulators’ plans for changes of banking rules will need tweaking to have the desired effect on lenders’ balance sheets, according to the Bundesbank’s top official for bank regulation, Andreas Dombret.
Work on the Basel Committee on Banking Supervision’s plans for completing the post-crisis reform package known as Basel III will be a priority for the Bundesbank in the second half of the year, Dombret told journalists Monday in the South African capital, Pretoria. The central bank will work with the German banking industry to assess the effect of the proposals, especially on mortgages, he said.