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FDIC’s Hoenig rounds on Europeans over Basel stand-off

Risk USA: senior US regulator criticises focus on capital neutrality

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Thomas Hoenig: opposes weakening Basel III to keep EU on board

Thomas Hoenig, vice-chair of the Federal Deposit Insurance Corporation (FDIC), has criticised European regulators for seeking to dilute the final round of Basel bank capital reforms. A commitment to avoid significantly increasing capital requirements will not help to strengthen the industry, he argued.

"The Basel Committee's current mandate to achieve capital neutrality requires adjustments

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