Basel Committee Calls EU Capital Rules Too Loose

Law360, New York (October 1, 2012, 4:19 PM EDT) -- A panel of international bank regulators on Monday said that European Union proposals to enact the Basel III international banking accords' stiffer capital requirements fell short of the treaty's requirements, and could provide a competitive advantage for the continent's banks.

In a report, the Basel Committee on Banking Supervision found that the EU's draft rules for putting the higher capital standards suffered from two significant flaws, despite being largely in compliance with the treaty. Those two flaws involve a definition of just what constitutes the highest...
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