European Parliament sets up future Basel III flashpoints
An own-initiative report from the parliament calls for changes to be made in key areas of Basel III, putting it on a potential collision course with the Basel Committee
The European Parliament has something to say about Basel III. To be more precise, it has 68 things to say, including a suggestion that the authors of the new rules - the Basel Committee on Banking Supervision - be merged into the International Monetary Fund, along with the International Organization of Securities Commissions and the International Accounting Standards Board, to "establish proper organisation of the world of finance".
The proposal is contained in an own-initiative report published
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