US Congress Basel II bill is put on hold, for now
REGULATORY UPDATE
WASHINGTON, DC -- The bill authored by the House of Representative’s Financial Services Committee, which was designed to transfer control of the Basel II negotiation process from US regulators to Congress, has been shelved for now, say regulatory and legislative sources.
The bill, the United States Financial Policy Committee for Fair Capital Standards Act (HR 2043), was introduced by legislators after a February hearing on Basel II in the House that highlighted the differences of opinion among
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