German finance minister calls for Basel III

NEWS IN BRIEF

In German magazine Spiegel, he calls for debate on more regulation to increase the capital reserves banks must hold to offset their higher-risk products. He says the liquidity crisis that has arisen from the US subprime mortgage drama recently has revealed the inadequacy of the international Basel II risk regulations - making a new round of 'Basel III' regulation necessary.

Given Steinbrück's past emphasis on a voluntary code of conduct, his latest comments appear to be a complete U-turn 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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net 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