Opinion: Regulators should rethink Basel III rules

11/13/2012 | Wall Street Journal, The

U.S. authorities have backed off plans to require the nation's banks to meet Basel III rules as of Jan. 1. Apparently the burden of conforming to the requirements, particularly for smaller banks, led to the change of heart. As an alternative, regulators should enforce the requirement for greater capital holdings and discard the rest of the complex Basel rules, according to the Wall Street Journal.

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