European banks will have to raise more capital/cut dividends after G-20 agreement on new global regulatory framework
Sep 7th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
European banks will have to raise more capital after an agreement at the London weekend meeting of finance ministers and central bankers of the G-20 group of leading developed and emerging nations, on a new global regulatory framework. It will require bigger capital buffers against shocks.