Regulators must hurry on Basel III, Fed's Raskin says

06/6/2013 | Bloomberg

Regulators should speed up the process of implementing bank regulations and capital requirements called for by Basel III rules, Federal Reserve Governor Sarah Bloom Raskin said. "It seems obvious to me that uncertainty over that framework is weighing on the balance sheets of banks that will be affected by the rules," she said in prepared remarks, adding that the need to get the regulations right must be balanced against the costs that current delays are imposing.

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