G-20 is expected to endorse Basel III:

11/10/2010 | New York Times (tiered subscription model), The

Leaders from the Group of 20 nations are expected to approve the Basel III capital rules for financial institutions when they meet this week in Seoul, South Korea. Countries will start incorporating the rules into their laws once that endorsement is made. Banking groups have warned that Basel III will devastate the securitisation market, hurt lending and eliminate jobs.

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