G-20 Bank Rules Will Be Phased In, Implemented by End-2012, Official Says

Group of 20 countries will say in a communique today that they aim to agree to new capital and leverage rules for banks by the end of this year, according to an official from one of those countries.

The group would phase in the rules as the global economy recovers, with the goal of implementation by the end of 2012, the official told reporters in Busan, South Korea, today on condition of anonymity.

To contact the reporter on this story: Russell Ward in Tokyo at rward16@bloomberg.net

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