EU May Fall Short In Upholding Bank Capital Rules: Report

Law360, New York (June 11, 2012, 2:01 PM EDT) -- The global body charged with overseeing banking regulations said Monday that the European Union was in danger of watering down capital standards required of its banks, and also brought the U.S. and Japan in for criticism.

The Basel Committee on Banking Supervision said that “a large number” of features in the European Union's proposals to implement the Basel III accords for bank capital and prudential regulation merited further investigation in its preliminary report to be presented to the G-20 nations next month.

In particular, the committee...
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