Central Bankers Plan BIS Regulation Talks With Private Bankers

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By Masahiro Hidaka and Shamim Adam

Central bankers will hold talks with banking executives in Switzerland this weekend amid concern financial companies are rebuffing a push to increase regulation and temper risk-taking as the recent crisis ebbs.

The gathering to discuss regulation will take place at the Bank for International Settlements in Basel, according to two Group of Seven central bank officials. The BIS invited commercial bankers, citing concerns that they are returning to the excessive-risk patterns that helped spark the global crisis in 2007, the Financial Times reported today.

The meeting comes a month after the BIS urged central banks to take greater account of financial stability and published proposals aimed at forcing banks to hold more and better-quality capital and discourage leverage. European Central Bank President Jean-Claude Trichet, Deutsche Bank AG Chief Executive Josef Ackermann and Federal Reserve Chairman Ben S. Bernanke are among the officials and executives traveling to Basel.

Central Bankers Plan BIS Regulation Talks With Private Bankers

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