US support improves outlook for global banking rules, official says

04/26/2010 | Wall Street Journal, The

Prospects for worldwide adoption of international banking rules became better after the US agreed to support them, said Nout Wellink, chairman of the Basel Committee on Banking Supervision. After meeting with US Treasury Secretary Timothy Geithner, Wellink said he is confident "the US is committed and that's why I find it a very positive point".

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