10  See Deutsche Bundesbank, “Nothing new about real interest rates on deposits”, 30 June 2014, https://www.bundesbank.de/Redaktion/EN/Topics/2014/2014_06_30_nothing_new_negative_interest_rates.ht ml. 11  See European Central Bank, “Low interest rates and households net interest income”, ECB Economic Bulletin, Issue 4 / 2016, Box 3.
Internationally, the moves to strengthen banking regulation are being led by the Basel Committee on Banking Supervision (BCBS), made up of banking supervisors from the major economies and convened by the Bank for International Settlements (BIS). The BCBS has developed a number of proposals under the broad “Basel 3” label which are expected to be agreed at the upcoming G-20 meeting in November.