Regulators refute calls for Basel III rethink

gavel-book

Basel Committee members have sought to fend off speculation in recent weeks they have already decided to abandon or rewrite key elements of their proposals.

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

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