BANKING
Global capital rules talks postponed
The next meeting of the Basel Committee of banking supervisors pushed back to October
London — Banking regulators will postpone their next meeting in another bid to agree on global capital rules, taking more time to try to overcome objections from European banks to minimum capital levels, people familiar with the talks said. The negotiations are being closely watched by thousands of lenders, even though the rules would not come into force until 2024 or 2025. Standard Chartered said on Wednesday it would not pay a dividend because of the regulatory uncertainty. The next meeting of the Basel Committee of banking supervisors was set for mid-September but it is now expected in early October, the sources said. The Basel Committee, which has been trying to reach a deal since 2016, had no comment. Standard Chartered shares fell on Wednesday after it said it would not pay a dividend until there was more clarity on regulatory uncertainties, including the capital implications of the new Basel rules. The Basel meeting delay will give officials more time to overcome European ban...
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