Norway's Qvigstad: banks need more capital

Banks need more capital to improve access to funding and to be more robust, said Jan Qvigstad, the deputy governor at the Norges Bank.

Speaking at the launch of the central bank's Financial Stability Report, Qvigstad said that banks should take a precautionary approach and build up capital now. He also said that the financial crisis revealed a need for more Tier 1 capital of good quality at financial institutions. He said that in time, when the turmoil did come to a definitive end, new rules were

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