Supervisors delay Basel IV amid coronavirus chaos

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By Tyler Davies
27 Mar 2020

Banks will have an extra year to comply with the latest set of bank capital rules, with the Basel Committee telling the industry on Friday to focus on responding to the coronavirus pandemic instead.

The Basel Committee is an international body responsible for setting prudential banking standards on a global basis.

It had given supervisors until January 1, 2022 to implement the final version of its Basel III capital rules, after agreeing on a new framework at the end of 2017.

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