Concern continues over US Basel II

Regulatory Updater

At a Congressional hearing on the regulatory proposals for the Basel Accord held by the House Committee on Financial Services, representative Spencer Bachus voiced apprehension that: "The US interpretation of the Basel rule is less sensitive to risk than the international version of the Accord."

Bachus went on to express mystification that: "As I understand it, despite the US implementing Basel II differently to other countries, American banks will still have a higher capital requirement than

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