US complaints prompt easing of international capital rules for banks

Global banking regulators are expected to ease a new capital rule due in 2018 to rein in risky balance sheets after US complaints, sources said yesterday.

It marks the latest move by regulators to ease up on bank capital rules in a bid to encourage lenders to keep credit flowing to companies and the broader economy.

The Basel Committee on Banking Supervision published a proposal in June to flesh out a leverage ratio that banks will have to introduce in Jan 2018.