The financial crisis showed every single person in the world two important things: banking is a risky business and banks definitely need a more solid buffer of capital to withstand possible risks in the future. As earlier rules – the so-called Basel norms – didn’t work, new agreements have to be made. One of those new rules would be the obligation for banks to build up a buffer of capital in a good period to anticipate a bad one. The matter is under negotiation, but it will still cost a lot of time before every single detail will be settled.Jochen De Vuyst
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The Holy Grail for banks: a solid buffer
The financial crisis has shown every single person in the world two important things: banking is a risky business and banks definitely need a more solid buffer of capital to withstand possible risks in the future. As earlier rules – the so-called Basel norms – didn’t work, new agreements have to be made. One of those new rules would be the obligation for banks to build up a buffer of capital in a good period to anticipate a bad one. The matter is under negotiation, but it will still cost a lot of time before every single detail will be settled.
Jochen De Vuyst
De Standaard
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