Tier-one reprieve for Japanese banks
Rachel Evans |
July 29, 2010
To the relief of Japanese banks, the Basel Committee has scrapped measures that could have invalidated some of their tier-one capital.
On Monday, the Basel Committee announced new principles to boost banks’ capital adequacy. In a departure from previous plans, the regulator will now not exclude deferred tax assets, cross-shareholdings or mortgage servicing rights from calculations of tier-one...
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