June 17, 2020 / 3:12 PM / 15 days ago

BRIEF-Regulators urge banks to tap capital buffers in pandemic

June 17 (Reuters) -

* BASEL COMMITTEE MET ON 10 AND 16 JUNE 2020 TO DISCUSS A RANGE OF POLICY ISSUES AND TO REVIEW IMPACT TO DATE OF CORONAVIRUS DISEASE

* ALL BASEL COMMITTEE MEMBERS REAFFIRMED THEIR EXPECTATION OF FULL, TIMELY AND CONSISTENT IMPLEMENTATION OF ALL BASEL III STANDARDS BASED ON REVISED TIMELINE

* BASEL COMMITTEE SAYS USING CAPITAL RESOURCES TO SUPPORT REAL ECONOMY AND ABSORB LOSSES SHOULD TAKE PRIORITY AT PRESENT.

* COMMITTEE VIEWS A MEASURED DRAWDOWN OF BANKS’ BASEL III BUFFERS TO MEET THESE OBJECTIVES AS BOTH ANTICIPATED AND APPROPRIATE

* BASEL COMMITTEE SAYS SUPERVISORS WILL PROVIDE BANKS SUFFICIENT TIME TO RESTORE BUFFERS

* BASEL COMMITTEE SAYS PLACES HIGH PRIORITY ON TRANSITION FROM LIBOR AND EXPECTS ALL BANKS TO BE ADEQUATELY PREPARED TO MEET TRANSITION TIMELINE

* BASEL TO CONSULT ON PRUDENTIAL TREATMENT FOR CRYPTO-ASSETS Source text for Eikon: Further company coverage: [ ] (Reporting By Huw Jones)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below