Basel Committee suggests simplifying bank regulations

07/9/2013 | Reuters

The Basel Committee on Banking Supervision has responded to an internal review of its rules by suggesting ways to simplify them. "The fact that they're even thinking of simplifying it shows that they are at least aware [that it's an issue], which is good," said Patrick Fell of PricewaterhouseCoopers. "Whether they will achieve that is a good question. It's a brave regulator that takes regulations away."

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