EU Said to Weigh Bank Debt Rule Delay in Blow to Basel Timetable
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The European Union is weighing a one-year delay to the deadline for lenders to disclose whether they meet a debt ratio, in the latest blow to the global timetable for applying Basel bank rules, according to three people familiar with the discussions.
EU nations may seek to push the start date for mandatory disclosure of this so-called leverage ratio from Jan. 1, 2015, to Jan. 1, 2016, said the people, who couldn’t be named because the talks are private. The revised date was discussed by diplomats at a meeting today, they said.