Basel should show common sense on bank minorities
Global bank regulators rightly want to toughen up bank capital. But targeting the equity held by partowned subsidiaries isn't an obvious move even in theory. In practice, it would hit some banks' capital reserves at a time when they are already under pressure.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.