US anti-competitive Basel II concerns persist

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The debate over the introduction of Basel II in the US continues to rumble on following the September release of two US inter-agency notices of proposed rulemaking (NPR). The latest releases call for public comment on the implementation of the new capital adequacy framework, and broader revisions to market risk capital requirements.

Ben Bernanke, chairman of the Federal Reserve Board, said that, based on some initial comments on the NPR, significant differences continue to exist over

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