Released in 1976, the song “More, More, More” became a disco chart-topper. “More, more, more; how do you like it?” was the song’s refrain. It also happens to be a good summary for the Basel Committee on Banking Supervision’s (“BCBS”) long-awaited proposals. In short: more capital, more emphasis on Tier 1 capital, more risk coverage requirements, more regulatory adjustments to be applied to the common equity component of Tier 1, and more transparency.
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