Tier-one reprieve for Japanese banks

Author: | Published: 29 Jul 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...