Implementation of Capital agreement to be delayed one year

Considering that many Japan-funded and other banks concerned that their capital ratio would be reduced after the implementation of new capital agreement, Basle Committee decided that it would delay the execution of relevant agreement by on year, the Japan Economic News reported. 

Basle Committee predicted that the details of capita agreement would be confirmed at the year-end. The reported pointed out that the Japan bank consortia said that the original scheme was too demanding. The committee would collect various suggestions and then release the final scheme early next year.

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