EU considers easing Basel III to be in line with other regions

04/27/2012 | Bloomberg

EU lawmakers are considering relaxing Basel III capital and liquidity rules for banks if lenders in the U.S. and elsewhere are not subject to their full force. Othmar Karas, the EU lawmaker guiding Basel III adoption through the European Parliament, suggested that the European Commission and the European Banking Authority receive power to "take appropriate measures in order to adjust to the level of global competition."

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