Sponsor's article > Basel backlash: the summer of discontent

Regulators in the United States have been voicing their concerns about Basel II for some time. But now banks elsewhere are also opposing some of the proposals.

An article in the FT on September 3rd said, "Members [of the Basel committee] are seeing nearly five years' work unravel in front of their eyes" and on September 10th European Central Bank president Wim Duisenberg said that he thought Basel II might be delayed by as much as a year in view of the concerns. But SunGard's David Rowe and Dean Jovic are still bullish on the eventual prospects for the new Accord.

A huge domestic market with many banks has led to what might be called the American

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