No Sign Of Basel III Accord As Pivotal Meeting Shelved
By Mark Taylor (August 9, 2017, 11:27 AM BST) -- A crunch meeting to finalize global capital rules for banks has been postponed, with no decision about when or where the next talks will take place, a spokesman for the Basel Committee on Banking Supervision told Law360 on Wednesday.
The Basel III accord is intended to boost the amount of capital that banks are required to hold by increasing liquidity and decreasing leverage. (AP)
Disagreements among European lenders on risk measures and exposure have repeatedly stalled attempts to implement reforms drawn up by global financial regulators following the 2008 banking crisis.
The committee was scheduled to meet on September 13 and...
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