Wellink pays for leaving hybrids in limbo
The Basel Committee has started to publicly worry about a backlash from the industry over its bank capital reforms. It’s a legitimate concern but leaving the hybrid capital market in limbo is not the way for it to win friends.
Nout Wellink, chairman of the Basel Committee on Banking Supervision, reiterated the importance of financial reform, in a speech made at the Dutch embassy in London on Friday.
He said that he wanted to convince market participants that the measures proposed by the Basel committee are really necessary.
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