Basel Committee sovereign debt plans criticised

bigbis

Attempts by regulators to increase banks' liquidity buffers were likened to a dog biting its tail by Pietro Penza, a PricewaterhouseCoopers (PwC) partner. Speaking at Risk's Asset Liability Management conference in London yesterday, Penza argued that, because of widespread concerns over sovereign debt, encouraging banks to raise their liquidity ratios by stocking up on government bonds would scare off equity investors and limit the growth of capital reserves.

He said: "Rising sovereign yields al

To continue reading...

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 indvidual account here: