Second, standardssupportandencourageinteroperability amongst multiplevendorsbydefininganagreed uponminimumbasefeaturesets and a set ofcommontestpoints atinterfaces.
As part of the package of new standards, banks will be required to increase their minimumcommon equity requirement from 2% to 4.5%, and will additionally have to hold a capital conservation buffer of 2.5%, "to withstand future periods of stress, " the Basel Committee said in a press release.