Resources for Basel II Capital Accord (Basel II)

Germany's Steinbrueck to call for tightened accounting rules for banks

www.forbes.com

German finance minister Peer Steinbrueck is calling for tighter accounting rules and liquidity requirements for banks to prevent a repetition of the US sub-prime loan crisis, Handelsblatt said, citing a spokesman for Steinbrueck.'The minister wants to prevent banks from being able to hide considerable risks off balance sheet,' the spokesman said. The newspaper said Steinbrueck plan to raise the issue at this week's G7 meeting in Tokyo and call for more transparency over higher-risk financial products, without saying where it got the information.

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