No changes yet as Basel III redrafting looms

Joel Clark
02 Jul 2010

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Despite mounting pressure to shelve the most controversial elements of its proposed changes to the Basel II framework, the Basel Committee on Banking Supervision is standing by its draft rules – at least until its next meeting on July 14–15.

Dealers may have thought they had wrung a concession from regulators on June 25 when, ahead of the Group of 20 leaders meeting in Toronto, press reports claimed a consensus on the Basel Committee had agreed to water down the proposals by shelving the net

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