The Basel Committee on Banking Supervision is scheduled to meet on Dec. 8 and 9 to discuss and approve controversial reforms to the Basel II framework, including a countercyclical capital buffer, a leverage ratio and liquidity-management ratios. Meanwhile, bankers are gearing up for a fight over some of the measures. "The No. 1 concern of the industry is that looking at back-of-the-envelope calculations, the numbers look really horrendous -- both the amount of capital that would have to be raised and the time in which it would have to be done," one banker said.
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