German Finance Minister Peer Steinbrueck is considering calling for stricter rules on how much capital banks must set aside to cover risk, a magazine reported on Saturday.
Der Spiegel said Steinbrueck thought one of the lessons of the global credit crunch that has gripped financial markets since August was that the Basel II rules, which determine how much capital banks must put aside, were not enough.
Steinbrueck had already thought of calling tighter rules on covering risk "Basel III", the magazine added. Earlier this month European Central Bank policymaker Vitor Constancio said the Basel II rules should be reconsidered.
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