Basel said in a statement that its oversight body, the Governors and Head of Supervision, chaired by European Central Bank President Mario Draghi(pic), endorsed the revisions on Monday.
HONG KONG: Corporate executives are increasingly nervous about the global economic outlook as they see threats multiplying from China to trade to Brexit.
While few see recession looming, louder warnings from semiconductors to logistics signal that waning confidence among businesses and consumers is sapping activity. The more downbeat mood was underscored by US power-tool maker Stanley Black & Decker Inc, which plunged after saying profit will miss estimates and warning about a global slowdown.
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