Regulators are trying to deal with conflicts between measures in the Dodd-Frank Act and Basel III. For example, banks outside the U.S. are expected to comply with a regime for trading book capital, and the Basel Committee on Banking Supervision is reviewing the situation. Peter Sime of ISDA is optimistic about the review despite a perceived delay in its timeline. "Certainly the process is significantly delayed from what we were hoping and expecting," he said. "But we are happier waiting for something that represents better regulation, rather than getting something out to a deadline that is not properly thought through."
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