Global regulators work toward agreement on banking rules

Regulators from around the globe will meet in Basel, Switzerland, next month to try to come to consensus on capital and liquidity rules for banks in an effort to prevent a repeat of the financial crisis. Leaders of France, Germany, Japan and the US have become involved in the discussions as the outcome is expected to affect major financial institutions. Negotiators are striving to pin down details during the mid-September meeting and then offer the Group of 20 nations' leaders a package to approve at their November summit.

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