Basel III

PIMCO is launching a bank capital securities fund in conjunction with family office Fleming Family & Partners (FF&P) to take advantage of new regulations implemented under Basel III.

Jupiter's Guy de Blonay is among several managers who have welcomed the Independent Banking Commission's report, released yesterday, as the burden of regulation on the UK's banks is set to be less onerous than expected.

FSA chairman Lord Turner last night said the amount of high quality capital banks should hold as a risk buffer should be double the current requirement.

Gavin Launder, fund manager of the L&G Investments European Absolute Return fund, discusses whether a return to trend is sufficient for this large and diverse market.

Banks on a worldwide scale will be forced to shore up cash levels if their nation is on the brink of a credit bubble, according to new developments under the Basel III reform package.

BONDS

The managers of the £187m BlackRock Greater Europe investment trust have significantly outperformed their benchmark thanks to an overweight to industrials and an underweight to financials.

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