Australian regulator sets banks' capital buffer at zero pct

December 17, 2015 12:12 AM

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SYDNEY Dec 17 Australia's financial watchdog on Thursday set the rate of countercyclical capital buffer for banks at zero percent.

Countercyclical capital is part of Basel III reforms to protect banks against another global financial crisis. The buffer rate, set by Basel III, could vary between 0 and 2.5 percent of risk-weighted assets depending on market conditions, but the Australian Prudential Regulation Authority (APRA) opt...

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