Basel Committee hits turbulence on approach to year-end deadline
Industry and some governments express alarm ahead of final rules
The Bank for International Settlements' Basel Committee on Banking Supervision is facing fresh resistance to its plans as it closes in on its year-end target for finalising the Basel III capital standards.
Although the committee stresses its final rules will not be a radical departure from the original shape of Basel III, banks have started referring to the changes as Basel IV, accusing standard-setters of introducing higher capital standards via the back door.
A major battleground has been the
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