E.U. Likely To Delay Basel Reforms

29 Oct 2012

The European Union is likely to push back the Jan. 1, 2013, effective date of new capital requirements adopted by the Basel Committee on Banking Supervision because of delays in finalizing rules, as there is concern that the measure may impose higher costs on banks, according to Christian Clausen, president of the European Banking Federation.

The European Union is likely to push back the Jan. 1, 2013, effective date of new capital requirements adopted by the Basel Committee on Banking Supervision because of delays in finalizing rules, as there is concern that the measure may impose higher costs on banks, according to Christian ...

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