Goldman chief outlines risky asset reduction under new rules

Goldman Sachs would have US$728 billion in risk-weighted assets under yet-to-be-implemented Basel III capital rules, 67 per cent more than the investment bank has under current regulations, Chief Executive Lloyd Blankfein said on Tuesday.

Goldman aims to reduce risk-weighted assets to US$700 billion by the end of 2013, with $18 billion of that coming from a decrease in credit risk, and another US$11 billion coming from a decline in market risk.

via Business feed http://www.scmp.com/business/companies/article/1082176/goldman-chief-outlines-risky-asset-reduction-under-new-rules