EU falls short in implementing Basel III, official says

11/21/2013 | Bloomberg

Uldis Cerps, a member of the Basel Committee on Banking Supervision, says the EU's plan for implementing international bank-capital standards risks violating the pact. "It's quite clear that there are some things that are not Basel compliant, according to my view," said Cerps, who is also executive director for banking at the Swedish Financial Supervisory Authority.

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