Lawmakers plan hearings on Basel's revision to proposed rules

07/29/2010 | Bloomberg

Leaders of the congressional committee that wrote the final version of legislation to overhaul financial regulation plan to hold hearings on a revision to proposed capital and liquidity rules from the Basel Committee on Banking Supervision. The Senate banking committee, headed by Sen. Christopher Dodd, D-Conn., and the House Financial Services Committee, chaired by Rep. Barney Frank, D-Mass., are expected to review the revised proposal and consider its effect on the country's banking system.

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