Ambition of Basel's trading book review has faded, sources say

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Basel Committee HQ

Banks have already been let down once by a promised fundamental review of trading book capital rules – the Basel Committee on Banking Supervision had originally said it would be complete by the end of 2011, but the process has not yet been launched – and there could be a second disappointment in store. Instead of starting from first principles, sources involved in the discussions say the scope of the review will be reined in. Among other things, that could mean the much-criticised

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