US Basel equivalence questioned as EU patience wears thin
MEPs say unfaithful US implementation of Basel III could trigger review of third-country capital treatment
Patience is a virtue, but there’s sometimes a limit to its practicality.
Progress in the US to implement internationally agreed capital reforms has come to a standstill, and comments from newly appointed officials don’t offer much in the way of reassurance.
It’s a source of frustration to members of the European Parliament (MEPs), who say the time is coming for the European Commission (EC) to
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