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The finance ministry wants to see tier one capital worth 12% of risk-weighted assets by 2015, five points above the Basel minimum.
The offer was a two-tiered system, which would see Tier 1 players (14 players) earn approximately $40,000 a year, with Tier 2 players (6 players) earning approximately $33,000 a year.
"We see Tier I investment banks as un-investable," JPMorgan's banking analysts wrote in a report to investors on Thursday.
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UPDATE – Sorry, didn't see tiered part.
Looking out the window, I could see the tiers and tiers of dancing festival goers shimmying and shaking in the summer sun.
You'll then see your tier and the associated perks that you'll get to keep for the next six months.
Instead, in a wealthy world of increasing economic disparity, I expect us to increasingly see two-tier infrastructure; stable, secure, reliable infrastructure for the 20%, and a haphazard, kinda-mostly-functional, vulnerable tier for the 80%.
We see two tiers here.
And you can also see two tiers.
So you see two tiers here of niches.
Wednesday's second semi-final sees third tier club Arminia Bielefeld take on Wolfsburg.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com