Regulators say main Basle II issues agreed

Global banking regulators believe there are now no substantial issues remaining with the complex Basel II rules on bank capital following an agreement on key issues announced today.

“There’s still some technical work to be done, but all the key issues are dealt with,” said one regulator with the Basel Committee on Banking Supervision, the architect of the controversial, risk-based rules.

The statement came after several months of uncertainty during which some bankers and regulators thought the much-delayed pact would never come into force.

The Basel Committee, the body of banking supervisors from the leading economies that in effect regulates international banking

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