Top Central Bankers Agree on New Rules for Global Banking

Filed in euro, Federal Reserve, New Gold, South African Gold, Spot Gold by on September 13, 2010 0 Comments

Filed under: International Markets , Money and Finance Today , Federal Reserve Top central bankers and regulators from 27 countries have agreed on new rules for central banking, according to The New York Times. Jean-Claude Trichet, president of the European Central Bank, said, “The agreements reached today are a fundamental strengthening of global capital markets.” The agreement requires banks to raise the amount of common equity they hold to 7% of assets from 2%. Often known as Basel III, the group set a deadline of Jan. 1, 2013 for member nations to implement the rules. Continue reading Top Central Bankers Agree on New Rules for Global Banking Top Central Bankers Agree on New Rules for Global Banking originally appeared on BloggingStocks on Mon, 13 Sep 2010 09:00:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Top Central Bankers Agree on New Rules for Global Banking

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