US finally reaches compromise on Basel II

Basel 1A dropped and advanced approaches to be consistent with international standards

US regulators appear to have listened to industry protest and plan to issue Basel II rules that more closely follow those of their global counterparts.

The four US regulators responsible for implementation – the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency and the Office of Thrift Supervision – said on Friday they had agreed to enact advanced rules more in line with other interpretations of the Basel II accord, and would

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