Most welcome Basel III, but some voice concerns and questions

Most bankers, regulators and other market participants praised the Basel III capital rules for financial institutions reached in Switzerland this week. Regulators and central bankers have developed plans that aim to prevent repeats of the financial crisis two years after the collapse of Lehman Bros. However, some remain concerned about whether the compromise will deliver a "substantial contribution to long-term financial stability and growth", as promised by European Central Bank President Jean-Claude Trichet.

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