Panel Lauds Progress On Raising Global Bank Capital Levels

Law360, New York (August 27, 2013, 1:55 PM EDT) -- A panel of global bank regulators on Tuesday said that nearly all of the countries that agreed to internationally negotiated increased bank capital standards in 2010 have completed the rules necessary for implementing the raised levels.

The Basel Committee on Banking Supervision said that 25 of the 27 countries that signed on to the Basel III international banking accords have adopted final rules for putting in place the required raised capital levels for internationally and domestically important banks. The remaining two countries, Indonesia and Turkey, have...
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