Brussels Urged to ‘Fine-Tune’ Basel III Rules

(Via Financial Times)

European lawmakers are urging European Union policymakers in Brussels to “fine-tune” the new Basel rules on bank capital, which were agreed internationally last month, when applying them to EU institutions.

The Basel III framework was hammered out by the Basel Committee on Banking Supervision, the global rule-making body, in September, and the new standards are seen as one of the most important regulatory reforms since the financial crisis.

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