Every January, central bankers from the U.S. and Europe meet to discuss the financial industry's issues and problems.

This year's meeting in Basel is especially unique in that it takes place in a post-crisis setting. To emphasize its importance, chief executive bankers from JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Credit Suisse (NYSE: CS), UBS (NYSE: UBS) and Deutsche Bank (NYSE: DB) have been invited. The presence of this wide array of key executives underscores the importance and need to hammer out guidelines for central bankers in the U.S. and Europe.

The Basel Committee on Banking Supervision, which sets world banking regulations, has signalled plans to encourage banks to hold greater capital assets in the future and to make provisions for future bad debts throughout the economic cycle. They are also working on guidelines to ensure that banks hold greater liquidity reserves than they do now.

What is your opinion on these guidelines? Is it too little, too late?

U.S. and European central bankers meet to discuss woes originally appeared on BloggingStocks on Sun, 11 Jan 2009 18:10:00 EST. Please see our terms for use of feeds.