Final elements of the reforms to raise the quality of regulatory capital issued by the Basel Committee

BIS: Press Release

On 14 January 2011, the Basel Committee issued a set of minimum requirements to ensure that all classes of capital instruments fully absorb losses at the point of non-viability before taxpayers are exposed to loss. The requirements are in addition to the Basel III capital rules which were published in December 2010. In order for an instrument issued by a bank to be included in Additional (ie non-common) Tier 1 or in Tier 2 capital, it must meet or exceed minimum requirements set out in annex attached.

Date

January 13, 2011