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Banks will have to raise billions of euros in quality assets, but over about a decade (Photo: duncan)

Fresh capital rules will require banks to hold billions more in reserve

Banks will have to retain billions of euros more in capital to avoid government bail-outs or even collapses in the future after central bankers and regulators meeting in Switzerland agreed some of the biggest adjustments in global banking regulation in years over the weekend.

On Sunday night, the oversight body within the Basel Committee on Banking supervision, the organ widely considered to be the key institution co-ordinating financial supervisory rules and standards, made up of the h...

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Banks will have to raise billions of euros in quality assets, but over about a decade (Photo: duncan)

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