Japanese and European government officials said banks worldwide likely will get as long as three years to transition into compliance with tougher capital requirements. The Basel Committee on Banking Supervision recently held meetings to discuss the rules but did not announce a timeline for compliance. "In the UK and some other places, the local regulators have already started to impose higher capital requirements and higher liquidity buffers," said NCB Stockbrokers analyst Simon Willis. "The issue this raises is whether effective coordinated cross-border regulation can be achieved."
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