BRIEF-Liberty Global says its unit facility AQ borrower entered into an additional facility accession agreement
* Liberty Global - on june 21, its unit facility aq borrower entered into an additional facility accession agreement
LONDON, April 10 Capital charges on banks to cover their exposure to clearing houses will be capped from 2017, the global Basel Committee of banking supervisors said on Thursday.
Clearing houses, which stand between two sides of a trade to ensure its completion if one side goes bust, are set to grow rapidly as more of the $700 trillion derivatives market is cleared to increase transparency and safety.
The Basel Committee published its final rule on Thursday which contained several changes from interim requirements already in place.
The changes include an explicit cap on capital charges for exposures to so-called qualifying clearing house, meaning those that meet all the new safety standards.
There is also a new method for determining actual capital requirements.
"In formulating the revised framework, the committee sought to avoid undue complexity and to ensure consistency, where possible, with relevant initiatives advanced by other supervisory bodies," the Committee said in a statement. (Reporting by Huw Jones, editing by Chris Vellacott)
* Express Scripts elects Kathleen M. Mazzarella to board of directors Source text for Eikon: Further company coverage: