US Congress scrutinises Basel II

Washington, DC – The US Congress is intensifying its focus on regulators’ handling of the Basel II Capital Accord, with both chambers holding hearings within a day of each other last month.

The House of Representatives’ Financial Services Committee conducted its second hearing related to the Accord on June 19: The new Basel Accord – in search of a unified US position. This came after the committee introduced the United States Financial Policy Committee for Fair Capital Standards Act (HR 2043) in

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