US and EU banks face different Basel III floors
US regulators took a step towards a new bank regulatory framework by issuing three sets of proposals on June 7 that are modelled on the internationally agreed Basel III reforms, while also finalising previous proposals on the Basel 2.5 trading book rules. The move helps address concerns among Europe's bankers that the US would not adopt the agenda set by the Basel Committee on Banking Supervision - there is still resentment that US banks are not subject to the previous round of reforms, Basel II
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