U.S. banks should implement Basel III in Europe: ECB's Noyer
MADRID (Reuters) - U.S. banks should implement Basel III bank capital rules when operating in Europe, European Central Bank Governing Council Member and Bank of France governor Christian Noyer said in Madrid on Friday.
The Basel III regulations, a response to the 2007-09 financial crisis, would force banks to triple the amount of basic capital they hold in a bid to avoid future taxpayer bailouts. (Reporting by Paul Day, Writing by Clare Kane, Editing by Sonya Dowsett)
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Four dead in apparent Connecticut murder-suicide
- South Korea expands air defense zone to partially overlap China's |
- Singer Susan Boyle reveals she has Asperger's syndrome: paper
- Winter storm pushes up U.S. East Coast after deep-freeze in the South
Nelson Mandela: 1918 - 2013
Reuters looks at the life and times of Nelson Mandela, an icon of peace and reconciliation who came to embody the struggle for justice around the world. Video