Global regulators plan to give banks a grace period before implementing new capital regulations, three people familiar with the matter said on Wednesday.
The Basel Committee on Banking Supervision, which is made up of central bankers and regulators from nearly 30 countries, is putting together a package of stricter financial regulations to prevent another credit crisis.
The rules will take effect by 2012 as planned, but banks will get a transition phase from then to give them time to adjust, said the sources, who were not allowed to speak on the record because the information is not yet public.
Regulators do not plan to set a specific time frame for the new regulations, the sources said.
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