UK eschews Basel II capital requirements

Daily news headlines

The UK government will distance itself from the capital requirements laid out under Basel II, says Mervyn King, governor of the Bank of England, in testimony to the UK Parliament's Treasury committee today.

"The difficulty we have is that we have an international system for setting capital requirements for banks, the Basel II requirements, which built into it an element of pro-cyclicality," said King. "Everyone agrees that is the wrong way to go... Domestically, we have to make sure we put in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here