Lower growth a price worth paying for strong banks: Wellink
Increased capital and liquidity requirements due to be voted upon by the Basel Committee on Banking Supervision in November would be well worth the hit to growth, Nout Wellink, the chairman of the committee and the head of the Netherlands Bank, has said.
In an interview published on Tuesday in the Financial Times, a newspaper, Wellink said capital and liquidity ratio hikes could stunt global economic growth by up to one percentage point. "If that would be the price to get a really resilient
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