Global banking regulators agreed on Sunday to ease a new rule, meant to rein in risky balance sheets starting in 2018, in an effort to avoid tightening financing for the world’s economy.
The decision by the Basel Committee for Banking Supervision is the latest sign of how regulators have become more willing to accommodate banks as the focus switches to helping economies recover.
The relief to lenders may, however, be temporary as the regulators signaled there is still no agreement on the final level of the new leverage ratio, which measures how much capital a bank must hold against its loans and other assets.
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