INVESTMENT BANKING | Staff Reporter, Singapore

Global banking regulators to increase capital charge for banks by up to 2.5%

An additional 1% surcharge would also be imposed if a bank becomes significantly bigger, according to Reuters.

The global financial crisis forced countries into costly bailouts of their banking sectors to prevent systemic collapses. The increase in charges are said to be launched in response to this crisis.

The proposal requires approval from world leaders or G20 in November and would be phased between January 1 2016 and end of 2018.

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