US Congressman blasts Basel II while supervisors forge ahead
A US Congressman sent waves of panic across Europe when he announced at a fringe event of the World Economic Forum in Davos, Switzerland in late January that he had serious reservations about whether the US would ever adopt Basel II.
Richard Selby, who is chairman of the US Senate Banking Committee, expressed serious reservations about whether the US would ever adopt the revised Basel framework. His comments were reported in The Independent, a UK newspaper. The remark kicked off a series of meetings between
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