Global Rules Raising Banks' Capital Face Delays: Report

Law360, New York (October 29, 2012, 2:21 PM EDT) -- Most governments are unlikely to meet an internationally negotiated January deadline for raising bank capital and liquidity standards, meaning that there is a high probability that most of the world's largest banks will not be operating with enhanced reserves, a Monday report said.

In an update on international implementation of the Basel III banking accords just before a meeting of G-20 finance ministers, the Basel Committee on Banking Supervision said that only eight of 27 countries that are a party to the accords have actually finalized...
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