European banks seek delay of tougher capital rules

11/25/2012 | Reuters

Citing U.S. delays, European banks are urging the European Commission to put off implementation of Basel III capital rules until 2014. "We are now very troubled over the possible repercussions that the most recent statement from the US Authorities may have for the international competitiveness of Europe's banks," a banking group said in a letter to EU Internal Market Commissioner Michel Barnier.

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