US regulators to assess international differences in Basel II rules for fairness
Fed chairman promises to see if US version of Basel II imposes costs that outweigh the benefits to US banks.
US regulators will compare international differences in Basel II implementation with the proposed plans in the US, to see whether banks with capital requirements are being unfairly penalised.
Speaking at the annual convention of the American Bankers Association (ABA) and America’s Community Bankers (ACB) yesterday, chairman of the Federal Reserve Ben Bernanke addressed industry concerns that foreign banks will have neither the leverage floors nor the obligation to implement the advanced
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