Basel plan on capital may quiet criticisms

US - Regulators working on a revision of international bank capital rules announced Friday 21 September that they will back off a number of proposals that the industry has criticised.

In a four-page update on its progress in drafting a new capital accord, the Basel Committee on Banking Supervision said that it would drop a formula-based capital charge for collateralised and guaranteed assets, equalize the capital treatment of repurchase agreements across the bank balance sheet, and change the