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ECB's Noyer: capital buffer for top banks could be around 16 percent

From reuters.com

The size of an enhanced capital buffer that the world's top 29 banks could be around 16 percent, and will be disclosed at the G20 leaders' summit in November, European Central Bank Governing Council member Christian Noyer said on Sunday. Under plans being drawn up by global regulators, major global banks would have to hold safety buffers of "bail-in" bonds and other capital equivalent to a percentage of their risk-weighted assets. "The initial range of around 16 percent is realistic but was not fixed at this G20 meeting," Noyer said after a meeting of finance ministers and central bankers from the world's leading ... (full story)

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