BERLIN Nov 12 The introduction of tougher
global bank capital rules is not in danger and should go ahead
during 2013, a German finance ministry spokeswoman said on
Monday, playing down reservations expressed by the United
The tougher rules, known as Basel III, are the world's
regulatory response to the 2007-09 financial crisis and would
force banks to triple the amount of basic capital they hold in a
bid to avoid future taxpayer bailouts.
They are meant to be phased in from January 2013 but U.S.
regulators have recently cast doubt on the timeframe due to a
flood of industry comments on the proposals.
Asked if Basel III was at risk, German finance ministry
spokeswoman Marianne Kothe said: "No... An introduction of Basel
III on January 1 is unlikely but the U.S. authorities expect it
to happen during the course of 2013."
"Our view is unchanged, which is that the German government
supports the quick implementation of Basel III, in Europe of
course but also in the United States," she told a regular news
(Reporting by Stephen Brown, writing by Gareth Jones)