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EU Bank-Capital Rules Face Basel Compliance Probe

European Union bank-capital rules, already criticized by global regulators, face another international probe just months after they start to take effect next year.

The Basel Committee on Banking Supervision will review how well the EU has applied its standards, Wayne Byres, the group’s secretary general, said in an interview. An earlier investigation, based on a draft version of the EU plans, pointed to loopholes and triggered a rebuttal from Michel Barnier, the bloc’s financial services chief.