Fed's Olson on Basel II

In the speech 'Basel II' given on 16 May Mark Olson of the Federal Reserve said U.S. regulators would delay further or seek to change Basel II international bank soundness rules because of an uneven response by banks to a dry run of the rules.

"The information we now have points to the need to keep working," Olson said in remarks to the Financial Women's Association. "However if new information indicates that changes need to be made or that additional pauses would be prudent, we will of course

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