Years after Lehman: final rules set on strengthening banks

ECB President Mario Draghi attends a press conference on the Basel III framework reforms agreed in Frankfurt Main Germany | Armando Babani  EPA

The Basel III reforms are an internationally agreed set of measures developed by the Basel Committee on Banking Supervision in response to the financial crisis of 2007-09, and aim to strengthen the regulation, supervision and risk management of banks.

The Basel Committee on Banking Supervision said it would set a so-called output floor of 72.5 percent to be gradually phased in by January 1, 2027.

Crews rescue teenage boy who fell into a Colorado mine shaft

Investors Catching Stocks Hi-Crush Partners LP (HCLP)

European Union statement reiterates the importance of fight against corruption in Ukraine
Department of State late Monday, sharply criticizing the fact that the undercover operation has been disrupted. State Department and European Union said the attacks on NABU risked eroding global support for Ukraine.

The Financial Stability Board (FSB) welcomes the announcement by the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, that agreement has been reached on the finalisation of Basel III.

Under the rules, the banks are limited in how far they can diverge from regulators' assessment of how risky their holdings are. The reforms finalized today are meant to improve risk sensitivity, reduce regulatory capital variability, and level the playing field among internationally active banks. Top European Union officials first opposed the inclusion of this floor, then pushed for a level of 70 percent of the result yielded by using a standard formula set by regulators. Basel had originally proposed a floor as high as 90 percent.

Related:

  • 2 Brand New Game Worlds That No One Has Ever Seen Before

    2 Brand New Game Worlds That No One Has Ever Seen Before

    It's between Zelda: Breath of the Wild, Super Mario Odyssey , PlayerUnknown's Battlegrounds , Persona 5 and Horizon Zero Dawn . Update: The first reveal of The Game Awards is out of the bag, and it's Early Access Steam survival game Fade to Silence.
    Outlast 1 and 2 Coming to Nintendo Switch Early 2018

    Outlast 1 and 2 Coming to Nintendo Switch Early 2018

    We may not know if the game will launch on Nintendo Switch as a standalone title or as a collection with the addition of DLC. While no other information or hints were given, the studio said that "if all goes well, we'll soon be able to reveal more".
    Pennsylvania lawmaker to colleague: 'I'm heterosexual … keep your hands to yourself'

    Pennsylvania lawmaker to colleague: 'I'm heterosexual … keep your hands to yourself'

    Bradford, who is married with children, denied touching Metcalfe on objective to get a rise, and said the Republican overreacted. Pennsylvania democrats are calling for a State representative to resign after a controversial outburst.
  • Poland taps finance chief to be its new leader

    Poland taps finance chief to be its new leader

    It comes after weeks of speculation that Szydlo could be replaced, even though her government is popular with many Poles. Another government official, Jan Dzedziczak, said Szydlo will be deputy prime minister.
    Bengals first-round pick John Ross reportedly hid injury from team

    Bengals first-round pick John Ross reportedly hid injury from team

    Bengals receiver John Ross's season came to an end on Wednesday when it was revealed he needs surgery on his left shoulder. He reinjured his knee shortly after his Week 2 debut and has played in only two games since.

    Are Insiders Shedding Shares of Asbury Automotive Group, Inc. (NYSE:ABG)?

    Among 38 analysts covering The Walt Disney Company ( NYSE:DIS ), 20 have Buy rating , 3 Sell and 15 Hold. (NYSE:GPI) is 2.053586. Finally, Hillcrest Asset Management LLC boosted its stake in shares of Group 1 Automotive by 1.3% in the third quarter.
  • Terrorism arrests hit 400 after London and Manchester attacks

    Terrorism arrests hit 400 after London and Manchester attacks

    There was also a leap in arrests for "domestic" terrorism , up from 20 in the year to September 2016 to 73 in the latest period. Domestic terrorism refers to activity where there are no links to either Northern Ireland-related or global terrorism.
    Audit: DCF failed to report abuse, crimes against children

    Audit: DCF failed to report abuse, crimes against children

    DCF relied others to report such injuries, according to Bump, rather than utilizing data "they have at their fingertips". The union representing DCF social workers said it will continue to work with the agency to implement necessary reforms.

    Avon Products (AVP) Trending Activity with Technical Depiction

    The Company's segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Benjamin F Edwards & invested in 665 shares. 11,400 were accumulated by Dixon Hubard Feinour & Brown Incorporated Va.
  • Black Panther: Entire Cast Comes Together In New Poster

    Black Panther: Entire Cast Comes Together In New Poster

    Ross and members of the Dora Milaje, Wakandan special forces, to prevent Wakanda from being dragged into a world war. Marvel has released a new United Kingdom poster for the next entry in the Marvel Cinematic Universe: Black Panther .

    New In-Line Rating Was Given to Netflix (NASDAQ:NFLX)

    Netflix, Inc . (NASDAQ: NFLX ) has risen 75.34% since December 7, 2016 and is uptrending. (NASDAQ: NFLX ) for 309,753 shares. NGAM Advisors L.P. bought a new stake in shares of Netflix during the second quarter valued at approximately $1,864,000.

    Grupo Financiero Galicia (GGAL) Earns Daily News Impact Score of 0.11

    It has underperformed by 4.78% the S&P500. 549,039 shares of the stock were exchanged, compared to its average volume of 451,932. Finally, BidaskClub raised Grupo Financiero Galicia from a "sell" rating to a "hold" rating in a report on Monday, August 14th.

Comments

Latest news

Hilton rolling out mobile-controlled hotel rooms in 2018
They will also be able to stream their preferred media from various accounts on that TV. Updates to the Honors App will take place sometime next year.

Zimbabwean court grants bail to former finance minister, Ignatius Chombo
This is the second time the court has postponed the hearing after an initial sitting on Friday was delayed for the same reasons. Former Minister Of Finance Ignatius Chombo is still in jail despite winning bail appeal.

State Str Corp Com (STT) Shareholder Crestwood Advisors LLC Raised Holding
Kiltearn Partners Llp increased Franklin Res Inc (NYSE:BEN) stake by 50,100 shares to 6.12 million valued at $274.06M in 2017Q2. Finally, Eagle Asset Management Inc. raised its position in shares of State Street by 1,398.1% during the 3rd quarter.

Grassley says he was 'dropped' from panel dealing with tax cut
That conference committee is tasked with reconciling differences between tax reform plans that passed in the House and Senate .

Disney And Fox Deal Reportedly Close, Could Be Announced Next Week
Fox would keep its news and business news operations as well as broadcast network and Fox Sports, CNBC added. It would be wrong to comment on market speculation.

Kevin Jonas of the Jonas Brothers testified at the Federation Internationale de Football Association corruption trial

Schlumberger Limited. (NYSE:SLB) Stake Increased by South Dakota Investment Council
Wealthfront Inc increased Select Sector S (XLE) stake by 134,960 shares to 1.97 million valued at $127.67 million in 2017Q2. Following the sale, the director now directly owns 1,500 shares of the company's stock, valued at approximately $93,945.

Knicks owner James Dolan named in civil suit against Harvey Weinstein
In 2007, they were hit with $11.6 million in punitive damages after a Knicks executive sued over sexual harassment. The suit was filed by six women who claim to have been sexually assaulted by Weinstein. "We can state that Mr.

Workday, Inc. (WDAY) Analysts See $-0.42 EPS
Equities analysts anticipate that Workday will post $0.61 EPS for the current fiscal year. (NASDAQ: WDAY ) for 32,333 shares. The software maker reported $0.24 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.14 by $0.10.

National Basketball Association 'moving quickly' to put G League franchise in Mexico
Currently, the G-League has 26 franchises, and all 26 are affiliated with National Basketball Association organizations.

How Many PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)'s Analysts Are Bearish?
The investment professionals in our partner's database now hold: 8.06 million shares, down from 17.10 million shares in 2017Q1. Keefe Bruyette & Woods maintained PennantPark Floating Rate Capital Ltd . (NASDAQ:PFLT) on Sunday, July 23 with "Buy" rating.

FOX's "Empire" Rises From Series Low, "STAR" Holds Steady
The drama ticked up to a 1.8 rating among adults 18-49 after experiencing a same-day series low 1.7 rating the previous week. Empire lifted 13% to 1.8 and Star posted a flat 1.2. " Survivor " at 8 p.m. put up a 1.8/7 and 8.9 million viewers.

ProShares UltraShort Technology (REW) Declines 0.52% for Dec 6
Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.

Chennai techie accused of murdering mother escapes from Mumbai Police custody
He was earlier produced in a court at Bandra and the Tamil Nadu police obtained a transit warrant to take him to Chennai. While the magistrate was on leave on Tuesday, the case was adjourned on Wednesday as Dhasvanth was missing in the case.

Former Patriots, Colts coach Ron Meyer dies at 76
Meyer also found himself in constant conflict with some members of his coaching staff, notably defensive coordinator Rod Rust. Coach and his family are in my thoughts and prayers. "Devastated to hear the passing of my coach and great friend Ron Meyer".

Other news