EU Criticized With U.S. for Bank Rules Weaker Than Basel III
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The U.S., European Union and Japan may fail to fully implement bank-capital rules drawn up to prevent a repeat of the financial crisis that followed the 2008 collapse of Lehman Brothers Holdings Inc., global watchdogs warned.
International teams of regulators have found weaknesses in the nations’ implementing measures for the so-called Basel III standards, the Basel Committee on Banking Supervision said today in a statement on its website.