Regulators weaken Basel III rules

12/22/2010 | Bloomberg Businessweek

The Basel Committee on Banking Supervision's requirement that banks increase the amount of capital they hold will be phased in over eight years. Regulators had hoped to get other measures into the Basel III accord to prevent a repeat of the financial crisis, but those initiatives have been postponed or dropped. Banks have been working to water down proposed regulations, arguing that they would hinder lending and the broader economic recovery.

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