G-20 is asked to hold U.S. and EU accountable on Basel III

10/29/2012 | Bloomberg · Reuters · Wall Street Journal, The

With the U.S. and the EU home to 23 of 29 banks regarded as systemically important, global regulators called on Group of 20 nations to demand the reason Washington and Brussels have seen fit to dilute key parts of Basel III rules. The Basel Committee on Banking Supervision emphasized a need for consistent implementation worldwide in substance and according to an agreed timetable. The committee also said it will look into different ways banks calculate risk.

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Bloomberg · Reuters · Wall Street Journal, The

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