US Basel II will not harm banks, says regulator

FDIC vice-chairman defends NPR proposals

Divergence between the US plan to implement Basel II and the original version of the Accord being adopted internationally will not unfairly disadvantage American banks, a senior regulator has said.

Speaking at Oprisk USA, Martin Gruenberg, vice-chairman of the Federal Deposit Insurance Corporation (FDIC), launched a vigorous defence of the Basel II Notice of Proposed Rulemaking (NPR) released by the US regulatory agencies, by rejecting the notion that safeguards included in the proposals will

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