EU watchdog worried about how banks add up risks

LONDON (Reuters) - Regulatory action may be needed to end variations in the ways banks add up the risks on their books to determine how big their capital buffers should be, the European Banking Authority said. As regulators put in place tougher capital requirements, known as Basel III, following the 2007-09 financial crisis they want to be sure calculations used by banks to meet them are sound. Trust in the figures that banks publish is seen as core to restoring investor and public trust in the financial sector. ...