Leading central banks said that a revision of the post-crisis capital rules known as Basel III should not result in a higher level of bank’s capital. The Group of Central Bank Governors and Heads of Supervision (GHOS) met on Sunday and concluded that development of post-crisis reforms goes in the right direction. The Committee is finalizing new bank capital rules. The major task on developing new standards is to avoid hefty increases in capital requirements. A change in requirements should not limit banks’ ability to provide lending to the economy and should not result in lower profits. It is most likely that it will lead to higher requirements for minimum capital and stricter parameters for assessing the riskiness of assets. All this should boost the credibility of the banking system. "The committee has taken significant steps over the past few months towards finalizing the post-crisis reforms by the end of the year," said Stefan Ingves, chairman of the Basel Committee and governor of Sweden's central bank.