Basel Committee agrees to delay trading book rules by one year

06/20/2010 | Reuters

The Basel Committee on Banking Supervision agreed to postpone new capital rules for banks by a year. "The committee agreed to a coordinated start-date of not later than Dec. 31, 2011, for all elements of the July 2009 trading book package," the panel said in a statement. The banking industry had argued that more time is needed to implement the requirements and lauded the Basel Committee's decision.

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