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Capital requirements for govt bonds not on Basel Committee agenda
2013年10月9日 / 早上7点49分 / 4 年前

Capital requirements for govt bonds not on Basel Committee agenda

FRANKFURT, Oct 9 (Reuters) - Changing the low or zero capital requirements regime for banks’ government bond holdings is not currently on the agenda for the Basel Committee on international banking supervision, its chief said on Wednesday.

Last week, Bundesbank President Jens Weidmann launched a debate about rules that encourage euro zone banks to load up on government debt, pointing to it as an important reason for the the region’s debt and banking crisis.

In an interview with Sueddeutsche Zeitung, Stefan Ingves, head of the Basel Committee, said this was currently not an issue for the committee.

“This is a topic we should think about in the future. But it is currently not a topic for the Basel Committee, we have other things to do right now,” Ingves was quoted as saying.

He also warned that more needed to be done in terms of bailing in shareholders and creditors if a bank failed and warned that taxpayers would continue to have to step in in the “absolute worst case” if a very large bank failed. (Reporting by Peter Dinkloh; editing by Patrick Graham)

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