Analysis: Concern emerges about reform of global financial rules

05/4/2010 | Risk.net (subscription required)

Industry insiders and observers voiced concern about coordination of and momentum for an overhaul of global financial regulation. Analysts said a main test of the reform drive will be an agreement on proposed bank capital and liquidity rules from the Basel Committee on Banking Supervision. Stefan Walter, secretary general of the Basel Committee, said the proposal is on track, but others see fatigue setting in. Meanwhile, others are concerned about coordination of global rules. "If we don't have that global cooperation, we run the risk of every jurisdiction doing different things," said Mark Austen, acting CEO of AFME.

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