U.S. politicians are taking up a cry for a quantitative-impact study before Basel Committee on Banking Supervision rules are implemented. The study, however, would take a significant amount of time, risking a substantial delay of Basel III. "We don't want to be the ones that give everyone else the excuse to slow down or abandon the project entirely," said Sheila Bair, former chairwoman of the Federal Deposit Insurance Corp. "That's why a U.S. QIS would be disappointing."

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