GFMA Comments on Basel Committee's Capital Surcharge Proposal
29/08/2011 SIFMAGFMA Comments on Basel Committee’s Capital Surcharge
Proposal
New York, NY, August 26, 2011 – The Global Financial Markets Association (GFMA) today announced it has submitted comments to the Basel Committee on Banking Supervision (Basel Committee) in response to the Consultative Document issued July 19, “Global systemically important banks: Assessment methodology and the additional loss absorbency requirement,” which would impose a capital surcharge on global systemically important banks (G-SIBs). While GFMA strongly supports the goal of the Basel Committee to promote financial stability, GFMA has serious concerns with the proposed surcharge and believes the proposal should be fundamentally revised and re-proposed to address these concerns.
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http://www.sifma.org/news/news.aspx?id=8589935211
New York, NY, August 26, 2011 – The Global Financial Markets Association (GFMA) today announced it has submitted comments to the Basel Committee on Banking Supervision (Basel Committee) in response to the Consultative Document issued July 19, “Global systemically important banks: Assessment methodology and the additional loss absorbency requirement,” which would impose a capital surcharge on global systemically important banks (G-SIBs). While GFMA strongly supports the goal of the Basel Committee to promote financial stability, GFMA has serious concerns with the proposed surcharge and believes the proposal should be fundamentally revised and re-proposed to address these concerns.
(...)
http://www.sifma.org/news/news.aspx?id=8589935211