Wires

Capital levels of key domestic banks up to nations - regulator

Share

ZURICH, Oct 11 (Reuters) - How much capital domesticallyimportant banks will be required to hold as of 2016 will be leftup to national regulators, the deputy secretary general of theBasel Committee on Banking Supervision said.

"The level will be up to the supervisors," Bill Coen toldReuters. "The minimum ought to be the Basel minimum."

The Basel Committee had earlier on Thursday published aregulatory framework for domestically important banks, sayingthe failure of such a bank could greatly impact a country'seconomy and financial system.

(Reporting by Catherine Bosley in Zurich and Steve Slater inLondon; Editing by Mark Potter)

((catherine.bosley@thomsonreuters.com)(+41 58 306 7461))

Keywords: BIS BASELCOMMITTEE/DSIB