Regulators identify Basel III-Dodd-Frank conflicts

07/27/2011 | Global Financial Strategy

Regulators told the U.S. House Financial Services oversight subcommittee that they've identified conflicts related to credit rating agencies between Basel III rules and the Dodd-Frank Act. Mark Van Der Weide, associate director of banking supervision at the Federal Reserve, said the central bank's effort to remove mentions of credit rating agencies from its regulations is being complicated by Basel III.

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