G-20 is seen as likely 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 law once that endorsement is made. Banking groups have warned that Basel III will cripple the securitization market, hurt lending and eliminate jobs.

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New York Times (tiered subscription model), The