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Basle II delay could help EU

BRUSSELS -- A further delay in the coming-into-effect of the Basle II banking accord to 2006 might take the pressure off the European Union’s attempts to co-ordinate the timing of its own new banking rules, some political analysts said in late February.

The new EU banking rules -- known as the third capital adequacy directive (Cad 3) -- are modelled on the complex, risk-based Basle II rules

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