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BCBS Statement: Assessment methodology and the additional loss absorbency requirement for global systemically important banks - consultative document issued by the Basel Committee

( July 19, 2011, 15:54 GMT | Official Statement) -- MLex Summary: Global banking standard-setters proposed additional capital requirements for 28 unnamed "global systemically important banks," based on their size, connections in the financial system, lack of substitutes, cross-border business and complexity. One bank was included at its regulator's request. The capital surcharge ranges between 1 percent and 2.5 percent based on a measure of "systemic importance." A further 1 percent can be added, to deter banks already at the maximum from taking on more risk.The following is the text of the statement. Click the attachment at bottom for the full consultative document....

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