Banks breathe a sigh of relief. No capital increases forthcoming. The Basel 3 Committee, which should have held its final meeting this month and which should have approved new and more restrictive banking supervision rules, especially with reference to the capitalization of credit institutions, has been postponed to a date to be determined.
"More time is needed to complete some aspects of the work," says a terse statement. Much better that way.
In turn, the president of the ECB, Mario Draghi, underlined how "the completion of Basel 3 is important to restore confidence in the risk-weighted capital ratios of banks and that we remain committed to this goal".
