Commentary: Financial system needs Basel III

09/28/2011 | AmericanBanker.com (free registration)

Orlando Hanselman of Fiserv notes that bankers have suggested that the U.S. not adopt Basel III rules. Bankers are concerned that the rules, combined with the Dodd-Frank Act and other domestic rules, would put U.S. financial institutions at a competitive disadvantage to their foreign competitors. However, Hanselman argues that because financial crises are international in scope, the world's financial system needs global solutions to its problems.

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