The Basel Committee on Banking Supervision is meeting in Switzerland to strike a compromise on proposed rules for banks' capital and liquidity. The discussion includes 44 agencies from 27 nations and a range of priorities and concerns. Although it is widely agreed that banks should hold more capital, regulators and central bankers are discussing what exactly counts as capital, how much cash banks should hold, the rules' flexibility and other issues. The Basel accord would have a more global effect compared with an overhaul being discussed in the Senate.
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