Regulators must guard against a meaningless Basle II accord
NEW YORK -- Global banking regulators must take great care to ensure the Basle II banking accord isn’t overly weakened or even rendered meaningless by compromises over conflicting national interests, said credit rating agency Standard & Poor’s (S&P) in May.
S&P said that, realistically speaking, regulators would find it difficult to agree a Basle II bank capital adequacy pact for big international banks that doesn’t lose some of its effectiveness because of differing national interests.
S&P is
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