Global banking regulators on Tuesday postponed the approval of new capital rules designed to avert a repeat of the financial crisis, saying they needed more time to finalise the long-awaited and contentious reform.
Global banking regulators are investigating why banks use such a wide variety of ways to assess risk amid fears the current method for calculating capital safety cushions is not safe and is being gamed.
Andres Portilla, Director of Regulatory Affairs Department at IIF, in an interview with CNBC-TV18’s Menaka Doshi, shared his views on what these new capital norms by Basel committee will mean for the global banking industry.