European Parliament sets up future Basel III flashpoints

Joel Clark
Duncan Wood
01 Nov 2010

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The European Parliament has something to say about Basel III. To be more precise, it has 68 things to say, including a suggestion that the authors of the new rules - the Basel Committee on Banking Supervision - be merged into the International Monetary Fund, along with the International Organization of Securities Commissions and the International Accounting Standards Board, to "establish proper organisation of the world of finance".

The proposal is contained in an own-initiative report published

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